Does Warren Buffett Still Live in the House He Bought in 1958?
Does Warren Buffett still live in the house he bought in 1958? Seems odd for a billionaire, doesn’t it?
Despite his billions of dollars and global influence, people have seen the billionaire investor “hanging out” in the modest Omaha home he purchased for less than thirty-five grand.
But exactly how much did he pay for that house? How many other houses does Buffett have? Let's find out.
Does Warren Buffett Still Live in the House He Bought in 1958?
Yes, Warren Buffett still lives in the house he bought in 1958.
The home, located in Omaha, Nebraska, has been his residence for over sixty years.
Buffett is known to be frugal, and despite having a net worth of billions of dollars, he refuses to upgrade from his humble abode. He has added a few improvements to the house over the years; however, they have been minimal compared to what one would expect from a billionaire's residence.
In addition to this Omaha house, Buffett owns several other properties around the world; however, none of them serve as his primary residence.
Exactly How Much Did Buffett Pay For His House That He Still Lives in and Bought Over 50 Years Ago?
Warren Buffett purchased his Omaha home for $31,500 in 1958.
While this may seem like an insignificant amount today, adjusted for inflation, this would equate to approximately $320,000 in 2020 dollars.
It's no surprise that Warren Buffett opted for such a frugal purchase; he is famously known for his sharp investment skills and wise financial decisions. Since purchasing the home over sixty years ago, Buffett has made only minimal improvements to the property. He has chosen to retain much of the original charm and look of the house when it was first purchased, which speaks volumes about Buffett's commitment to living modestly despite having a net worth of billions of dollars.
How Many Houses Does Warren Buffett Have?
Warren Buffett currently owns several properties scattered around the world, but none of them serve as his primary residence.
Aside from the Omaha home he purchased in 1958, he also owns a vacation home in Laguna Beach, California, a condominium in New York City, and 400 acres of farmland north of Omaha that he bought for $280,000 and rented out to his son.
In addition to these properties, Buffett also owns multiple residential and commercial real estate investments through his company, Berkshire Hathaway. These investments include an apartment complex in Omaha, a shopping mall in Omaha, and a few houses for rent.
Furthermore, he has been known to invest in commercial real estate outside of Berkshire Hathaway as well.
Overall, Warren Buffett has accumulated quite an impressive portfolio of properties throughout his career. Despite owning multiple homes and businesses across the globe, his primary residence remains the Omaha house he purchased over sixty years ago.
Read next: Does Warren Buffett Drive His Own Car?
Article image (Creative Commons) by Andy White, edited by Net Net Hunter.
