Warren Buffett is one of the most successful investors in modern history, and he was born on August 30, 1930. Warren Buffett was born in the city of Omaha, Nebraska, and started his small business at an early age. So, as a boy, he used to sell chewing gum and some other door-to-door products. He acquired his first shares when he was only 11 years old.
He became a millionaire at the age of 31, after a series of good investments. He then bought into Berkshire Hathaway a textile company in Omaha. In the meantime, it became the central company for his business empire, though eventually abandoned textile production.
Berkshire Hathaway’s total value has grown over time due to Buffett’s good investments to the value of several hundred billion dollars. Also called the Omaha Prophet or the Omaha Sage, Buffett is known for his adherence to the philosophy of value investing and for his frugality despite his vast wealth. Numerous books have been written about his method of investing.
In 2008, he became the richest man in the world, with a fortune of approximately $ 62 billion, and today he ranks third in the world in terms of wealth. Despite the enormous wealth he acquired, Warren Buffett still lives in the modest home he bought in the 1950s for $ 31,500 (that home is in his home town of Omaha).
Buffett is generally known for his relatively modest lifestyle, given his vast wealth. His hobbies include playing bridge and playing the ukulele. He is a well-known philanthropist, and he has promised to donate 99% of his fortune after his death to charity.
His modest house represents only 0.001 percent of his wealth. Buffett said the period of low prices in the market is a good time to buy a home. “Low real estate prices and affordable interest rates are the right time to decide to buy a home.” Citing himself as an example, he said that buying a home for him is the third-best investment he has made in his life.
“I would have made a lot more money if I had put the money, I was renting on the stock market and buying stocks,” Buffet said. Then, to clarify to readers who wanted to know what the first two of his best investments were, Buffett wrote – My two best investments are two wedding rings.
His house is located in a beautiful neighborhood of Omaha, in Nebraska, it cost back then $250,000 in today’s dollars. The house has a worth an estimated $ 652,619 at the moment.
Warren Buffett’s house has 5 bedrooms and 2.5 bathrooms, and 6,570 sq. m. feet in total, with fences and security cameras all over the property. When the journalists asked him why is he still living there, and why he is not moved to a more luxurious home, he simply said.
“I am happy there. I’d move if I thought I’d be happier someplace else.”