EXCLUSIVE: Warren Buffett Reveals What He'd Do With His Last $20K

Warren Buffett, Chairman and CEO of Berkshire Hathaway (NYSE: BRK-B), was in Detroit last month. The billionaire sat down with Quicken Loans Chairman and Founder Dan Gilbert, along with President and Chief Marketing Officer Jay Farner, for an hour-long chat.

Now 84 years old, Warren Buffett has been asked many questions about investing, but a particularly intriguing one popped up in Detroit. An audience member asked: "If you were down to your last $20,000 -- your last -- what would you do with it to regain your fortune?"

Without hesitation, Buffett replied: "I wouldn't be so much worried about regaining my fortune as I would be about finding something I wanted to do the rest of my life."

Related Link: EXCLUSIVE: Warren Buffett Says Mr. Market Is A 'Drunken Psycho'

"There are plenty of things I could do with $20,000 where I would enjoy the rest of my life," he added.

"I had just as much fun in life when I had $20,000 as I have now...it's independent of money. I have had the good fortune of being able to do what I love with people I love, and it just doesn't get any better than that."

"Fortunately, I'm in something where age doesn't make much difference. At 84, I can really do the same sort of thing, basically, I was doing when I was 24."

In the interview, Warren Buffett also discussed his investment strategy, why he's so bullish on America, and the first time he met Bill Gates.