Who would have thought, the most followed billionaire investor lived in a modest three-bedroom, four-bathroom home on the outskirts of downtown Omaha, Nebraska, which seems like just your average family home?
The history behind the property involves the city’s most celebrated man, business mogul Warren Buffett.
With someone so obviously successful, you would imagine that he is living the high life, probably in New York City, living in a multi-million dollar penthouse – when he’s not jet-setting around the world or hosting parties on his yacht. However, that’s not the case. Despite his incredible net worth, Buffett is a surprisingly frugal man.
Buffett purchased his first stock at the age of 11 and hasn’t looked back on investments since that day. Through his smart investments and being the CEO of Berkshire Hathaway, one of the biggest multinational conglomerate companies in the world, he has amassed a whopping $75.6 billion fortune over the years.
In fact, Buffett has been nicknamed the Frugal Billionaire for spending money in penny-pinching ways, the mogul has simple interests in life and barely spends any of his net worth on lavish expenses.
Buffett purchased the modest home in 1958 for $31,500, which is equivalent to around $250,000 today. The home is now worth an estimated $652,619 and Buffett believes it’s the “third-best investment he’s ever made.”
Make no mistake, the home is spacious and well guarded, coming in at 6,570 sq. feet with 5 bedrooms and 2.5 bathrooms. There are also fences and security cameras around the property for additional safety. It’s by no means a mansion, as you would expect Buffett to reside in. It’s lovely, but not a sprawling estate.
As Buffett puts it, “I’m happy here. If I thought I’d be happier somewhere else, I’d move.” For Buffett, the home meets his needs and is where he raised his family and made his memories.
While the home is certainly nothing like the sprawling Beverly Hills Estate that Jeff Bezos purchased for $165 million in 2020, it’s still a beautiful and spacious home at 6,570 square feet. It has five bedrooms and 2.5 bathrooms.
The home is on a quiet, tree-lined street alongside beautiful, well-manicured lawns. While it isn’t flashy, it is nevertheless a classic and stately home and neighborhood.
Warren Buffett is worth about $116 billion, according to Bloomberg. Those numbers put him in the rankings as one of the wealthiest people in the world.
He eats McDonald’s for breakfast regularly, uses coupons, and prefers to enjoy his family and hobbies over spending money on frivolous things. Buffett’s idea of success isn’t about flashy cars and homes. He doesn’t feel the need to keep up with the Joneses.
“Success is really doing what you love and doing it well,” Buffett said. “It’s as simple as that. Really getting to do what you love to do every day—that’s really the ultimate luxury… Your standard of living is not equal to your cost of living.”
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