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Wednesday, April 30, 2014

Homes of Billionaires: Warren Buffett

Homes of 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 

Homes of Billionaires: Warren Buffett
What's it worth?
The home’s value today, estimated on, is $652,619, whereas the Zillow “Zestimate” is $591,000. A neighboring five-bedroom, six-bath, 3,848 square-foot house is on the market for $450,000.

Trulia notes the average list price for Omaha homes comparable to Buffett’s house is $280,162, and the average sale amount for similar recently sold homes is $236,462.

Why not a mansion?

Why hasn’t the billionaire traded up to a more luxurious home over the years?

“I’m happy there. I’d move if I thought I’d be happier someplace else,” he told the BBC’s Evan Davis in “The World’s Greatest Moneymaker.” “How would I improve my life by having 10 houses around the globe? If I wanted to become a superintendent of housing … I could have as a profession, but I don’t want to manage 10 houses and I don’t want somebody else doing it for me and I don’t know why the hell I’d be happier. “

This house does just fine, he says. “I’m warm in the winter, I’m cool in the summer, it’s convenient for me,” he said in the interview. “I couldn’t imagine having a better house.”

In February, Buffett shared further nonmaterialistic sentiments with Charlie Rose. “I have every possession I want. I have a lot of friends who have a lot more possessions. But in some cases, I feel the possessions possess them, rather than the other way around.”

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