Warren Buffett, the CEO and chairman of Berkshire Hathaway, is estimated to have a net worth of $136 billion, making him the eighth-richest person in the world, according to Bloomberg. Surpassing Google founders Larry Page and Sergey Brin in wealth, Buffett is known for his modest lifestyle and philanthropic efforts.
Despite his immense fortune, the 93-year-old Buffett lives in the same house he purchased in the 1950s and drives a modest car. He prefers to keep and grow his money rather than spend it extravagantly, often eating breakfast at McDonald’s and borrowing furniture when his children were born.
Buffett’s hobbies include playing bridge, golf, and the ukulele. He has a collection of 22 ukuleles and has been playing since he was young. In 2020, he donated 17 Hilo ukuleles to a nonprofit organization and even gave a group lesson.
The majority of Buffett’s wealth is tied to Berkshire Hathaway, the conglomerate he leads. With a stake valued at over $135 billion, Buffett owns about 15.1% of Berkshire. The company holds multibillion-dollar stakes in companies like Apple and Coca-Cola and owns over $1 trillion in assets.
Buffett began building his wealth at a young age, investing in the stock market at just 11 years old. Most of his fortune, however, was earned after his 50th birthday. Despite his financial success, Buffett has maintained a frugal lifestyle, living in a modest home in Omaha, Nebraska, and driving a simple car.
Despite his modest ways, Buffett did splurge on a private jet and only recently upgraded to a smartphone. He has a close friendship with Bill Gates and enjoys eating at McDonald’s and drinking Coca-Cola. Buffett’s style is also understated, with suits made by a Chinese designer and affordable haircuts.
Overall, Warren Buffett’s story is one of humble beginnings, smart investments, and a commitment to giving back through philanthropy. His dedication to growing his wealth while living modestly sets him apart as a unique figure in the world of finance.