The financial world lost one of its luminaries this Tuesday. Charles Thomas Munger, Warren Buffett’s right-hand man and longtime business partner passed away at 99. His passing just shy of the New Year, when he would have turned 100, marks the close of a remarkable chapter in finance. Munger wasn’t just a figure in the industry; he was an icon, whose influence and legacy are deeply felt.

Charlie Munger’s story starts on New Year’s Day back in 1924, in the heart of Omaha, Nebraska. Quite the true patriot, he served in the Army during the second World War. Post-war, Munger’s ambitions led him to the halls of Harvard Law School, where he earned his legal degree. In 1948, with a sense of adventure, he headed out to California, a move that would define much of his later life. It was in the sunny state that he took a deep dive into real estate law. His career took a major leap in 1962 with the establishment of the law firm Munger, Tolles & Olson, laying the groundwork for an extraordinary professional journey.

1962 was also the year when Munger really started to flex his financial muscles. He founded Wheeler, Munger & Co., a hedge fund that became a testament to his savvy in investments. But the real game-changer came in 1975. That’s when Munger decided to close his hedge fund and take up the mantle of vice chairman at Berkshire Hathaway. This bold move wasn’t just a career shift; it cemented his place as a heavyweight in the finance world.

For decades, Charles Munger was more than just a colleague to Warren Buffett; he was a key figure in transforming Berkshire Hathaway into the financial juggernaut it is today, boasting a staggering value of $780 billion. The secret sauce to Berkshire Hathaway’s astronomical success? It was the duo’s enduring partnership, characterized by a steadfast commitment to long-term growth, insightful strategies, and a set of shared core values. Together, Munger and Buffett turned the company into a beacon of financial achievement.

Warren Buffett himself has often spoken of Munger with immense respect and gratitude. He’s been quoted saying, “Without Charlie’s inspiration, wisdom, and participation, Berkshire Hathaway wouldn’t have reached the heights it has.” That’s a testament to Munger’s integral role in the company’s journey to becoming a titan in the business world.

But Munger’s reach extended far beyond the confines of Berkshire Hathaway’s boardrooms. From 1977 right up to 2022, he served as the chairman of the Daily Journal, a notable newspaper publisher based in Los Angeles. His tenure there left an indelible mark on the media industry. Munger wasn’t just a financial wizard; his sharp intellect and diverse contributions cut across various professional realms, showcasing his versatile genius.

Charlie Munger wasn’t just a titan in the world of finance; he was also a giant in the realm of philanthropy. His generosity knew no bounds, as seen in his substantial donations to academia. Stanford University benefited greatly from his largesse, receiving a hefty $43.5 million for the Munger Graduate Residence. Not stopping there, he also gifted a whopping $200 million to the University of Southern California. Overall, Munger’s charitable contributions amounted to over $550 million, a figure that speaks volumes about his dedication to making a meaningful difference beyond the financial sector.

As the financial community mourns Munger’s loss, his legacy continues to stand as a testament to the power of wisdom, ethical judgment, and kindness. At the time of his passing, Munger’s net worth was an impressive $2.2 billion. But his wealth was more than just a measure of financial success; it was a reflection of a life spent enriching society in innumerable ways.

The void left by Munger’s departure is palpable in the financial world, yet his influence remains indelible. Future philanthropists, business leaders, and investors will undoubtedly draw inspiration from his life story. Munger’s role in shaping modern finance and his unwavering commitment to bettering the world are his lasting legacies. Although he may no longer be with us, his impact and ideals will continue to resonate far into the future.