Named one of the most successful investors in the world, one might assume that Warren Buffett lives in the lap of luxury.
Photo credit: Angela George, CC BY-SA 3.0, via Wikimedia Commons
But, in fact, the billionaire owns a modest house that is worth 0.001 percent of his total wealth.
Here’s the full scoop on the Omaha, Neb. house that Buffett has lived in and loved for six decades.
With a net worth of $105.2 billion, the world’s 10th wealthiest person continues to live in the same house he bought in 1958, well before he amassed his fortune.
“I wouldn’t trade it for anything,” Buffett told CNBC of his modest, longtime abode.
Apparently. the house was the “third-best investment” he’s ever made, Buffett wrote in a letter to his shareholders in 2010.
Spanning 6,570 square feet, the humble abode features 5 bedrooms and 2.5 bathrooms, according to Business Insider.
The original 1921 stucco structure sits on a corner lot and appears to have some additions, but nothing that can compare to the homes of other billionaires.
Zillow estimates the property’s value at $1.3 million, which is a fairly modest amount for the chairman and CEO of Berkshire Hathaway....
a multinational conglomerate holding company which manages assets worth north of $873 billion.
As it turns out, the Buffett residence isn’t even the most expensive house on the block.
In fact, the home next door is smaller in size but was estimated to be worth $200k more than Warren Buffett’s house, CNBC reports.
“I’m happy there. I’d move if I thought I’d be happier someplace else,” Buffett shared with BBC. Turns out, billionaires can be down to earth too.
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Credit for photos: Wikimedia Commons, CC 2.0