Warren Buffett House: $86.6 Billion & He Lives Like This?

Warren Buffett House Featured

Warren Buffett – philanthropist, businessman, investor and one of the most wealthy people in the world. Surely he lives a lavish lifestyle and jets around the world to numerous mansions and vacations all year long, right? Wrong! Billionaire Buffett is certainly not your typical billionaire. In fact, his life is pretty normal and no, he hasn’t even retired! So where does Warren Buffett live, what does he do, and how did he become so wealthy? We’ve got all the answers covered!

Warren Buffett House

Where does Warren Buffett live?

Although Buffett is a billionaire and could live is a multi-million dollar mansion, or ten, if he wanted to…instead, Warren Buffett house is a modest one in Omaha, Nebraska. Warren Buffett’s home was bought for $31,500 back in 1958, and today it is reported to be worth around $652,000. That’s 0.01% of what he is worth!!

Warren Buffett House

Set in Omaha, a quiet Nebraska town, the home offers Buffett a pretty relaxed and laid-back lifestyle. And ok, so we say the house is modest, but it is still pretty big and also has some pretty cool features. How big is Warren Buffett’s home? The house is 6,570 square foot and has 5 bedrooms and 2.5 bathrooms. It has a large driveway where he parks his beloved Cadillac.  

The inside of the house is intricately and delicately decorated with the likes of oriental style rugs, marble side tables, and vintage-style furniture. There are various paintings displayed on the walls of living areas and a collection of funkily patterned sofas. One of the lounge areas features a large bookcase wall with hundreds of books on display. As a self-confessed book lover and avid reader, Buffett says this is one of his favorite areas of the home.

Warren Buffett House Warren Buffett House

The hallway features detailed carved runner tables and display units, alongside a wooden staircase, wooden floors and beautiful art on the walls. The kitchen is clean, tidy and simplistic, but nothing overly special.

When asked why he doesn’t spend even a small percentage of his wealth on a millionaire’s mansion, Buffet says, “If I could spend $100 million on a house that would make me a lot happier, I would do it. But, for me, that’s the happiest house in the world. And it’s because it’s got memories, and people come back, and all that sort of thing.” He goes on to say that this house does just fine, saying: “I’m warm in the winter, I’m cool in the summer, it’s convenient for me. I couldn’t imagine having a better house.”

Still confused by the modesty of his home? We are too.  Check out the full photo gallery for even more shocking pics.

Buffett also owns a vacation house on the West Coast. In the famous Laguna Beach to be exact. Warren and then-wife Susan purchased the home in 1971 for $150,000. Thanks to a huge renovation, the home is 3,588 square feet and has 6 bedrooms and 7 bathrooms. The home was mostly used as a getaway for his family, but after Susan died in 2004 the home sat empty for most of the time. It’s now on the market for $11 million!

Warren Buffett House

This one is much nicer than that Omaha home! We’ve got a ton more photos HERE!

Who is the Oracle of Omaha?

Warren Buffett is the Oracle of Omaha, of course! Buffett has been dubbed the Oracle of Omaha, and the greatest investor in the world. He is known for purchasing small companies for ‘cheap’ prices and making them wealthy under his wing. The name comes from his incredible investor ability and reference to his Nebraska hometown.

Where was Warren Buffett born?

Warren Buffett was born in the same city where he lives today, Omaha, Nebraska. Buffett has loved his northern hometown since he was a child, and say he doesn’t see himself being any happier anywhere else! Why move if you’re perfectly content where you are, right?

Where was Warren Buffett born?

Was Warren Buffett born rich?

Born in 1930, Warren was born into a financially stable family. His father, Howard, was a stockbroker and also served some time as a U.S congressman. His mother was a homemaker and as a family, they were moderately well-off. Not anywhere close to Buffett’s billions today though. Buffett showed his financial smarts from a young age, and friends knew him as the mathematical whiz kid who could add up a series of numbers in just a few seconds.

What did Warren Buffett do?

Buffett is known as a genius investor, avid philanthropist, CEO of Berkshire Hathaway and one of the wealthiest and most successful men in the United States, and even the world. To this day, he is still actively operating his company. 

What did Warren Buffett do?

Did Warren Buffett go to college?

Yes, Warren Buffett attended some of the most well-known business schools in the United States. He started at the University of Pennsylvania in 1947, at 18 years old, but transferred to the University of Nebraska just a year later at 19 years old. He then graduated from the Columbia Business School. Later, he went on to attend the New York Institute of Finance to further his already expert knowledge in economics. And guess what, he was actually rejected from Harvard Business School. Take that, Harvard. Who’s winning now!?

Did Warren Buffett go to college?

Does Warren Buffet have kids?

Yes, three of them! Susan Alice, Howard Graham, and Peter – Buffett’s kids are all grown up now.

Does Warren Buffet have kids?
Peter, Susan & Howard Buffett

The eldest child, Susan, is known to be super close to her father and confesses that she even still refers to him as ‘daddy’. Susan followed her father’s footsteps to become an avid philanthropist in her own right. The 64-year-old is the Chairwoman of an organization called The Sherwood Foundation which helps with education and to combat poverty and also a member of several other foundations including Girls Incorporated and The Fulfillment Fund.

Middle child, Howard, 63, is a multi-talented man. He is the CEO of his own foundation which, according to bustle.com, ‘invests in global food security and conflict mitigation’. The organization is known as the Howard G Buffett Foundation. He also works on the Corporate Board at his father’s company Berkshire Hathaway AND is a United Nations Goodwill Ambassador Against Hunger. And guess what, it doesn’t even stop there! Howard is also a best-selling author, a Deputy Sheriff in Macon County, Illinois (where he lives) AND last but not least, he is also a professor teaching International and Public Affairs at his father’s Alma Mater, Columbia University. Phew, what a guy!

And what about youngest son Peter? Oh, a philanthropist too, who would’ve thought it! The 59-year-old is the co-president of an organization that helps strengthen the rights of teenage girls. The NoVo Foundation also works to help women’s rights and help communities in North Africa. Aside from his charity work, he is also a pretty successful musician, who has released 16 records! And like Howard, Peter is also an author. He describes his book ‘Life Is What You Make It’ as ‘a memoir about transcending your circumstances, taking up the reins of your destiny, and living your life to the fullest.’

When asked if his children would inherit his billions one day, Warren says, “…enough money so that they would feel they could do anything, but not so much that they could do nothing.”

What Warren Buffett Owns – The Breakdown

Of course, the main thing that Buffett owns is his company, Berkshire Hathaway. Within this, he owns Phillips 66, Charter Communications, U.S. Bancorp, Dairy Queen, Geico, and See’s Candies. He also has shares of over 10% in American Express, Kraft Heinz, and Moody’s Corp. He has shares of less than 10% in Coca-Cola, American Airlines, and Axalta. And these are just a few names. There’s plenty more in his repertoire.

How does Warren Buffet make money?

Through Berkshire Hathaway and his multiple investments of course. Warren Buffett net worth is $86.6 BILLION. WITH A B. And he has made his fortune through series of business-minded investments that he has made across his five-decade career.

How much has Warren Buffett donated?

In the past decade, it is said that Warren Buffett has donated a total of $27 billion.

What does Warren Buffett drive?

Warren Buffett drives a 2014 Cadillac XTS. His previous car was a 2006 Cadillac DTS which he drove for 8 solid years and only racked up 19,000 miles. Buffett just isn’t bothered about cars and he confirmed this by saying, “The truth is, I only drive about 3,500 miles a year so I will buy a new car very infrequently.’

What does Warren Buffett drive?

When asked about her father’s lack of interest in cars, daughter Susan says, “You’ve got to understand, he keeps cars until I tell him, ‘This is getting embarrassing — time for a new car.”

What does Warren Buffett do for fun?

One of Buffett’s most interesting hobbies? Hitting up McDonald’s most mornings for breakfast! He is known amongst peers to not adopt the healthiest of diets and when asked about his dining choices he told Business Insider, “I checked the actuarial tables, and the lowest death rate is among 6-year-olds. So I decided to eat like a 6-year-old. It’s the safest course I can take.” #ThisDudeIsALegend

He also loves reading, playing the ukulele and of course participating in charity work. Last but not least, he enjoys playing ‘financial mind games’ like bridge. He says, “It’s got to be the best intellectual exercise out there,” he claims. “You’re seeing new situations every ten minutes…Bridge is about weighing gain/loss ratios. You’re doing calculations all the time.”

What does Warren Buffett do for fun?

 

Sources

https://www.today.com/slideshow/homes-warren-buffett-48385413

https://www.youtube.com/watch?v=yz2sIsnKIow

http://www.investinganswers.com/financial-dictionary/investing/oracle-omaha-6796

https://www.biography.com/people/warren-buffett-9230729

https://www.biography.com/people/warren-buffett-9230729

https://www.bustle.com/p/who-are-warren-buffetts-children-the-billionaire-raised-his-kids-to-be-philanthropists-33991

http://blog.wallstreetsurvivor.com/2017/05/03/berkshire-hathaway-warren-buffett-really-makes-money/

http://www.businessinsider.com/5-of-warren-buffetts-most-frugal-habits-2017-5?IR=T#buffett-drives-the-same-car-for-years-3

https://www.forbes.com/sites/joannmuller/2014/07/15/warren-buffett-shares-the-inside-scoop-he-bought-a-cadillac-not-a-subaru/#6f6ab3653682

https://www.investopedia.com/articles/markets/112415/what-exactly-does-warren-buffett-own.asp

http://www.nasdaq.com/article/7-companies-where-warren-buffett-owns-more-than-10-cm781815

https://www.entrepreneur.com/slideshow/306551#1

 

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