Franklin Otis Booth Jr. (September 28, 1923 – June 15, 2008) was an American billionaire newspaper executive and investor.
[1] Booth's tenure at the Times overlapped with that of his second cousin and close friend, Otis Chandler, the publisher who held the reins of the paper from 1960 to 1980.
During his early years at the Times, Booth began investing in real estate with his friend Charles Munger, now vice chairman of Berkshire Hathaway Inc.
Booth's early decision to invest with Buffett left him with shares in Berkshire Hathaway amounting to a 1.4% stake in the company.
Over the years, Booth donated to many causes including the Harvard-Westlake School and the Natural History Museum of Los Angeles County.