Business and Finance Business and Finance
Fri, December 6, 2024
[ Fri, Dec 06th 2024 ] - MSN
Full 2025 FIFA Club World Cup draw
[ Fri, Dec 06th 2024 ] - Zawya
XTB harnesses its bet on AI-Tech
[ Fri, Dec 06th 2024 ] - businesstech.co.za
Absa feels the pain
[ Fri, Dec 06th 2024 ] - Market
Automotive systems and accessories
[ Fri, Dec 06th 2024 ] - The Jamaica Observer
Business Social
[ Fri, Dec 06th 2024 ] - Winchester Star
Business briefcase
Thu, December 5, 2024
[ Thu, Dec 05th 2024 ] - New Idea
Maggie Tabberer dies aged 87
[ Thu, Dec 05th 2024 ] - jdpower
Car Ratings from Drivers Like You

Warren Buffett: how the frugal billionaire spends his fortune, from McDonald's breakfasts to the occasional splurge


Published on 2024-12-05 21:00:59 - Business Insider
  Print publication without navigation

  • Discover how Warren Buffett amassed his $146 billion net worth, which is up by $26 billion this year, and how he spends his fortune.

Warren Buffett, known for his frugality despite his immense wealth, has a net worth of approximately $106 billion. He still lives in the same modest house in Omaha, Nebraska, which he bought for $31,500 in 1958. Buffett's spending habits reflect his philosophy of value investing; he drives an old Cadillac, enjoys simple pleasures like McDonald's breakfasts, and drinks Cherry Coke. His most significant expenditures include philanthropy, having pledged to give away 99% of his wealth, with donations primarily to the Gates Foundation, his own foundations, and those of his children. He also indulges in luxury occasionally, like chartering private jets for travel, but these are often justified as time-saving investments. Despite his wealth, Buffett's lifestyle remains grounded, focusing on value rather than extravagance, which aligns with his investment strategy of seeking long-term value over short-term gains.

Read the Full Business Insider Article at:
[ https://www.businessinsider.com/how-warren-buffett-spends-money-net-worth ]