Warren Buffett ally Charlie Munger dies aged 99

Charlie Munger was vice chairman at Berkshire Hathaway (AP)

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died aged 99.

Berkshire Hathaway said in a statement that Mr Munger’s family told the company that he died on Tuesday morning at a California hospital just over a month before his 100th birthday.