Warren Buffett, widely considered the greatest investor of all time, is one of the richest people on the planet, but you wouldn’t know that based on the clothes he wears, the car he drives — or even the house he lives in.
What To Know: The legendary investor is well known for living well below his means, and for good reason. The Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) CEO pledged to give more than 99% of his wealth away during his lifetime or at death.
Buffett, now 94, has lived in the same corner house in Omaha, Nebraska for more than 65 years. He purchased the approximately 6,500-square-foot home in 1958 for $31,500, according to a report from CNBC.
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The house, which was originally built in 1921, has appreciated significantly, as do most of The Oracle Of Omaha’s investments. It’s currently valued at around $1.34 million, per an estimate from Zillow Group IncZG Z. Despite the significant appreciation, the house is still very modest for the world’s sixth-richest person.
In a letter to shareholders in 2010, Buffett said the house is the third-best investment he has ever made, behind a pair of wedding rings. That’s exactly what you would expect from a man who doesn’t measure success based on money or material things.
Buffett once told a crowd of students at the University of Georgia that one’s success in life should only be measured by the number of people who are important to you that actually end up loving you.
The house comes down to happiness and convenience for Buffett, who appreciates the simple things in life. It’s only five minutes away from Berkshire Hathaway’s headquarters and it keeps him comfortable year-round.
“I'm warm in the winter, I'm cool in the summer … I couldn't imagine having a better house,” Buffett told CNBC.
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Image created using artificial intelligence via Midjourney.
Some elements of this story were previously reported by Benzinga and it has been updated.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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