Inside Billionaire Warren Buffet’s Modest $31,500 Nebraska Home

The ultra-wealthy Warren Buffet lives in a modest $31,500 Nebraska home he bought over sixty years ago.

Warren Buffett bought his first stock when he was 11 years old and hasn’t looked back on investing since that day. Through his smart investments and as CEO of Berkshire Hathaway, one of the largest multinational conglomerates in the world, he has amassed a whopping fortune of $75.6 billion over the years. Dubbed the frugal billionaire for spending money lightly, the tycoon has simple interests in life and barely spends any of his net worth on lavish spending. One of the examples of his modest life is the house he bought in his hometown in Nebraska, where he continues to live.

A home as modest as the man himself, his Nebraska abode defines a simple lifestyle that he and his family follow to lead a positive small-town life. Far from expensive homes and splashy parties, let’s take a look inside billionaire Warren Buffet’s modest Nebraska home.

The third best investment ever

The son of an American politician, Warren Buffett grew up in Omaha, Nebraska, and became interested in investments. After studying at Columbia University, he returned to his hometown in 1965 to take majority control of Berkshire Hathaway Inc., of which he is now CEO. It became his main investment tool and he decided to settle in his hometown. According to Business Insider, he bought a modest house in 1968 for $31,500, now valued at $250,000. He also called the house the third best investment he had ever made. The house is now worth $652,619.

Located on a quaint street, the suburban area has minimal traffic and offers Buffett the peace he enjoyed in Omaha from a young age. On Farnam Street, the house is less than

1.5 miles from his childhood home on Barker Avenue. The home includes a housing complex spanning 6,570 square feet and a spacious front yard and back yard with manicured lawn and shrubbery. As mentioned by Go Banking Ratesthe frugal mogul paid $43 per square foot. However, today the rates have gone up and the house is currently worth $161 per square foot.

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A quiet house

With wedding rings being the two main investments and his home being the third, Buffett lives a quiet life in his abode. The home features five spacious bedrooms and two and a half bathrooms, as listed by Fancy Pants Home. Additionally, it would have a comfortable living room, kitchen, and back patio. A smart investor, Buffett bought a house less than he could afford. He decided to put money into investments and savings instead of paying off the mortgage and adding future expenses related to maintaining a home.

A modest day in a modest house, Buffett has a normal routine in his house. While people would expect a billionaire to have meals cooked by a gourmet chef, he prefers to eat at fast food joints. The billionaire starts his day by ordering breakfast food from McDonald’s or going to the same office where he has worked for sixty years. When he relaxes at home, he likes to play bridge with his friends and can play it for hours. He also practices singing and strumming his ukulele as Buffett is known to be secretly good as a musical artist.

Built for secure living

Having lived in the same office building for over sixty years, he appreciates the normality of having a simple house. Although the abode has a simple exterior, it is secured and gated with security cameras to ensure the billionaire’s utmost safety. The traditional stucco home has a wide driveway with parking space in the back yard to park his signature Cadillac cars. The house has been a safe getaway for Buffett, who prefers to live his life out of the public eye and enjoys working in finance.

In addition to owning a home in Omaha, Nebraska, the investor previously owned a vacation home in California. Located in Laguna Beach, California, the home purchased three years after the Nebraska home was purchased in 1971 for just $150,000, valued at less than $1 million with current inflation. He listed the house for sale in 2017 for $11 million; however, the price was reduced to $7.5 million before it was sold in 2018, as LA Times noted.

Warren Buffett has had a low-key lifestyle exemplified by his modest purchases of automobiles and real estate. He originally said he would donate more than 50% of his Berkshire Hathaway shares to charity in 2006 and, a few years later, pledged that 99% of his fortune would be donated to charity until the rest of his life or at his death. .

READ NEXT: A look at Microsoft co-founder Bill Gates’ real estate portfolio

Sources: Business Intern, Go bank rates, Fancy Pants Home, Los Angeles Time

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