Warren Buffett Has Estimated Fortune Of $168 Billion, But Lives In The Same House He Bought For $31,500 In 1958: "I'm Frugal"

Warren Buffett Has Estimated Fortune Of $168 Billion, But Lives In The Same House He Bought For $31,500 In 1958: “I’m Frugal”

Written by Romário Pereira de Carvalho

Published on 13/04/2025 at 15:38

Updated on 13/04/2025 at 16:02

Olustração artística de Warren Buffett. Foto: IA

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Warren Buffett Has US$ 168 Billion, But Lives Simply. At 94, He Still Lives in the Same House Bought in 1958 and Avoids Typical Billionaire Luxuries

Warren Buffett is one of the richest men in the world. Even so, he lives simply and maintains habits that many would not expect from a billionaire. At 94, the CEO of Berkshire Hathaway still lives in the same house he bought over 60 years ago. And despite having his fortune increased by US$ 26 billion just at the beginning of 2025, he does not seem interested in changing his lifestyle.

Buffett’s total fortune now stands at US$ 168 billion, according to the Bloomberg Billionaires Index. This places him among the richest on the planet. However, Buffett does not live surrounded by luxury. In an interview with CBS News, he described himself as “cheap” and revealed he drives a car with a license plate that reads “ECONOMIC.”

“I’m cheap,” he admitted to CBS News’ Norah O’Donnell.

ARTICLE CONTINUES BELOW

An Old House Full of Memories

The house Buffett lives in is located in Omaha, Nebraska. He bought it in 1958 for only US$ 31,500. Today, the five-bedroom, two-bathroom house is estimated to be worth US$ 1.3 million. It is 607 square meters and was built in 1921.

Even with the billions he possesses, Buffett stated that he would not trade this house for any other. For him, the memories of raising his three children there are more important than any luxury.

If he were to divide his current fortune by the value of the property, he could buy a house 129 thousand times larger. But he prefers to keep his residence simple.

Other Billionaires Make Different Choices

While Buffett chooses a more discreet life, other billionaires take very different paths. Bill Gates, for example, lives in a mansion with seven bedrooms and 24 bathrooms. The house also features an indoor pool, sauna, and even a trampoline room. Gates recently stated to The Times that he does not intend to downsize the property.

He says he enjoys the space and mentions that his children also appreciate the house. Despite not cooking or making his own bed, Gates does not see this as a problem. For him, comfort is worth it.

Elon Musk once claimed to live in a house worth US$ 50,000 near the SpaceX headquarters in Texas. However, The New York Times reported that Musk bought a family compound for US$ 35 million to accommodate his more than 12 children.

According to the publication, it is unlikely he spends much time at any of the residences, due to his obligations with the Department of Government Efficiency (DOGE) under the Trump administration.

The Destination of Billionaires: Sun, Sea, and Mansions

While Warren Buffett remains in Nebraska, several other billionaires have chosen to live near the sea. One example is Florida, where there is an area known as “Billionaires’ Beach.” There, names like Donald Trump and Ken Griffin appear in records of million-dollar properties. Some houses in the region are on the market for as much as US$ 88 million.

These billionaires have the freedom to choose any lifestyle. Their fortunes allow for that. And even the biggest expenses have little impact on their wealth. Luxury homes, expensive vehicles, or exclusive travels hardly change the total amount of money they have.

Buffett Prefers Discretion and Economy

Despite all this, Buffett follows another path. His decision to stay in Omaha may be linked to the lower cost of living. Compared to places like New York or Beverly Hills, living in Nebraska is more economical. And this seems to align with the billionaire’s life philosophy.

He prefers to spend only when he feels it is necessary. He does not let himself be swayed by status or appearances. Even with billions in the bank, he remains true to a quiet routine, away from the spotlight and excessive luxury.

This choice, rare among people of his wealth, shows that money does not always change who a person is. And, in Buffett’s case, what truly matters are the memories and simplicity.

With information from E Investidor.

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Warren Buffett Has Estimated Fortune Of $168 Billion, But Lives In The Same House He Bought For $31,500 In 1958: “I’m Frugal”

Warren Buffett Has US$ 168 Billion, But Lives Simply. At 94, He Still Lives in the Same House Bought in 1958 and Avoids Typical Billionaire Luxuries

An Old House Full of Memories

Other Billionaires Make Different Choices

The Destination of Billionaires: Sun, Sea, and Mansions

Buffett Prefers Discretion and Economy

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Warren Buffett Has Estimated Fortune Of $168 Billion, But Lives In The Same House He Bought For $31,500 In 1958: “I’m Frugal”

Warren Buffett Has US$ 168 Billion, But Lives Simply. At 94, He Still Lives in the Same House Bought in 1958 and Avoids Typical Billionaire Luxuries

An Old House Full of Memories

Other Billionaires Make Different Choices

The Destination of Billionaires: Sun, Sea, and Mansions

Buffett Prefers Discretion and Economy

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

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