Warren Buffett is one of the richest people in the world, but the renowned investor leads a simple and thrifty life that doesn’t mirror his $154 billion fortune.
During an earlier interview with CNBC and Yahoo Finance He mentioned that he has never been drawn to the idea of owning multiple houses or vehicles.
What exactly does the millionaire do with all his wealth?
A collection of Ukulele
Buffett is deeply passionate about bridge and often spends over eight hours per week playing at the card table, as reported. Business Insider .
He likewise finds pleasure in playing golf and dedicates considerable time to reading. Additionally, he harbors a deep affection for the ukulele and confessed in 2020 that he possesses 22 of these instruments.
Once, he gave away 17 Hilo ukuleles to the North Omaha chapter of the non-profit organization Girls Inc., and he visited them specifically to conduct a group lesson himself.
Foldable phone, traditional Chinese attire, and $18 haircuts
Even though Berkshire Hathaway holds a significant share in Apple, he used a Samsung SCH-U320 flip phone for many years. It wasn’t until 2020 that he finally transitioned to using an iPhone, yet he primarily utilizes it just as a telephone.
In terms of style, he boasts approximately 20 bespoke suits crafted by renowned Chinese designer Madame Li, with whom he has developed a strong personal bond over time.
Buffett's thriftiness also applies to personal care, with him sometimes opting for haircuts costing $18 at a barber shop situated within his office building.
McDonald's and Coca-Cola
Buffett starts most of his days with a $3.17 breakfast at McDonald’s before heading to his workplace.
Typically, he chooses one of three meals: two sausage patties, a breakfast sandwich with sausage, egg, and cheese, or a bacon, egg, and cheese. He consistently accompanies his choice with a Coca-Cola.
He said, 'I eat like a six-year-old,' Fortune In 2015, he mentioned that he consumes five 12-ounce Cokes each day. He stated, "Should my daily intake reach 2,700 calories, one-fourth comes from Coca-Cola. This is something I do consistently every single day."
A house purchased in the 1950s
Buffett resides in a humble house in Omaha, Nebraska, bought in 1958 for $31,500, equivalent to approximately $342,000 in modern dollars.
The 6,280-square-foot (583 square meters) estate features five bedrooms and has been updated with enhanced security measures such as fences and monitoring systems. The current worth of this property is approximately $1.4 million.
In a letter to the shareholders of his company, Berkshire Hathaway, he referred to it as his "second-most profitable investment" at one point.
Aside from his main house, Buffett previously had a six-bedroom getaway property in Laguna Beach, California. He purchased this place back in 1971 for $150,000, refurbished it, and then put it up for sale in 2018 for $7.5 million.
Simple journeys paired with one extravagant treat
Warren Buffett has always steered clear of showy vehicles. For almost ten years, he was seen driving a 2001 Lincoln Town Car with the customized license plate "THRIFTY."
After auctioning it off for charity, he switched to a 2006 Cadillac DTS and eventually upgraded to a Cadillac XTS in 2014. He told Forbes He seldom purchases a new vehicle because he only covers approximately 3,500 miles annually.
While he keeps it simple on the road, Buffett bought a used Falcon 20 private jet for $850,000 in 1986. Three years later, he sold it and spent $6.7 million on another used jet, which he and longtime business partner Charlie Munger jokingly dubbed "The Indefensible."
A legacy of philanthropy
Buffett stands out as one of the most charitable philanthropists globally. Throughout almost twenty years, he has contributed over $60 billion worth of his Berkshire Hathaway stock, a sum that today would exceed approximately $230 billion.
If Buffett had retained those shares rather than donating them, his net worth would have soared to almost $400 billion by the end of this April, as estimated. Bloomberg That would put him in the lead over Currently, Elon Musk is the wealthiest individual globally. with $335 billion in assets.
Buffett has committed to donating 99.5% of his wealth to a charitable foundation overseen by his three offspring upon his death.
"If we were to spend just 1% of my claim checks on ourselves," he once mentioned, speaking about the shares in his firm.
Neither our joy nor our prosperity would improve. Conversely, that leftover 99% could significantly impact the health and wellbeing of others.
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