He may be one of the world’s wealthiest individuals, but Warren Buffett doesn’t throw money around needlessly. The man known as the "Oracle of Omaha" still lives in a comfortable stucco house in the Dundee-Happy Hollow Historic District of Omaha, Nebraska, which he bought in 1958 for $31,500 USD, equivalent to $250,000 in today's dollars.
The Berkshire Hathaway chairman and CEO lives in a regular neighborhood -- considered upscale by Omaha standards, at 6,000 square feet (557 square meters) -- but it’s not a mega-mansion located in some high-end gated community, with security surveillance everywhere, as one might expect of a billionaire's residence.
Living the good life in Omaha:
- Realtor.com valued the property at $652,619 USD in 2013. The large Dutch Colonial was built in 1921, and sits on a nice, tree-filled corner lot.
- “I’m happy there,” says the billionaire. “I’d move if I thought I’d be happier someplace else. How would I improve my life by having 10 houses around the globe?”
- Buffett used to own a vacation home in Laguna Beach, on the ocean side of the Pacific Coast Highway. He sold it in 2012 for $4.3 million USD.
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More Info: CNBC
Discussion Comments
You are a humble man indeed!
I was reared on a sugarcane plantation. I often long for the environment with friends and relatives who were kind and very trustworthy. I would not want to relive the conditions. I thank God for the experience and the memories! May you enjoy the comfort of your life.
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