NEW YORK (
( BRK-B) vice chairman Charlie Munger, transferred almost 48% of his holdings of stock in the Omaha, Neb.-based conglomerate to a family trust, according to a report in
The Wall Street Journal
The sales of class B and class A shares add up to nearly $750 million, according to
which based its tally on closing prices Nov. 4, the day the transactions were conducted.
The shares were distributed to a beneficiary of a community property revocable trust in which Munger was a co-trustee along with his wife, Nancy, who died in February, according to the
Munger, who is 86, according to the
, is a longtime friend and business partner of Berkshire's 80 year-old CEO,
Berkshire Hathaway, a multi-billion dollar publicly-traded company, has big stakes in a wide range of other public companies, including
Written by Dan Freed in New York
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