Wealthy siblings become forces in Calif. politics
SACRAMENTO, Calif. (AP) – Charles Munger Sr. is best known as Warren Buffett’s right-hand man, an investor who has turned his financial skills into a billion-dollar fortune.
Now, two of his children are using their considerable fortune to transform California’s political landscape.
Molly Munger and her half brother, Charles Jr., are on opposite ends of the political spectrum, but both have thrown up significant roadblocks to Gov. Jerry Brown’s ballot initiative seeking to balance the state budget through higher taxes.
Republican Charles Munger Jr., a Stanford physicist, has given $35 million to defeat Brown’s initiative and to support a ballot measure that would undercut public employee unions.
His sister has also attacked Brown’s initiative as she promotes her own proposal to raise taxes for public schools. She has spent more than $33 million.