Saturday, October 27, 2012
Homes of Billionaires: Warren Buffett
One of the world’s richest people is known for not being like other billionaires. It’s not just that Warren Buffett has pledged to donate 99 percent of his fortune to charity or that he thinks the rich should be taxed more. It’s evident in his workplace as well.
Berkshire Hathaway’s Omaha world headquarters occupy just one floor of its office building, and Buffett’s personal office doesn’t have a computer, a calculator or even a stock ticker.
Buffett’s personal residential real estate policy is just as frugal. Here’s a look at his longtime home as well as a former vacation home.
Home since 1958
Instead of owning a portfolio of homes, the “Oracle of Omaha” lives in just one. He paid $31,500 for his house in 1958, or about $250,000 in today’s dollars.
The house sits on a corner property in central Omaha, and the original 1921 stucco structure appears to have some additions. At 6,570 square feet, it’s no bungalow, but it’s also a few thousand square feet short of being a mansion, which is usually about 10,000 square feet.
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