Still living in the house he bought in the 1950s and driving an equally modest car, Berkshire Hathaway chairman Warren Buffett prefers to keep and grow his money rather than take it out of the bank. Not one for lavish purchases, he spends relatively little of his billions – except when it comes to philanthropy.

Buffett announced July 1 that he will donate $3.6 billion in Berkshire Hathaway shares to five groups including the Bill & Melinda Gates Foundation. Buffett is regarded as one of the most generous philanthropists in the world, having donated more than $46 billion since 2000.

Now 88, the Oracle of Omaha’s estimated net worth stands at $87.3 billion according to the Bloomberg Billionaires Index – but you wouldn’t know it from Buffett’s frugal ways.

However he uses his money, not much is spent on himself. See how Buffett spends – or doesn’t spend – his billions.


Warren Buffett has a net worth of $87.3 billion, making him the world’s fourth-richest person.

Foto: sourceSteve Pope/Getty Images

Source: Forbes

Lees ook op Business Insider


The CEO of Berkshire Hathaway began building his wealth by investing in the stock market at age 11.

Foto: sourcePaul Morigi/Getty Images

Source: Forbes


As a teenager, he was raking in about $175 a month by delivering “The Washington Post” — more than his teachers (and most adults).

Foto: sourceBill Pugliano/Getty

Source: Business Insider


He had amassed the equivalent of $53,000 by the time he was just 16.

Foto: sourceLucas Jackson/Reuters

Source: Business Insider


But 99% of his wealth was earned after his 50th birthday.

Foto: sourceDaniel Zuchnik/Getty Images

Source: Business Insider


He reportedly earns a salary of $100,000 at Berkshire Hathaway.

Foto: sourceRick Wilking/Reuters

Source: GOBankingRates


And in 2013, Buffett made on average $37 million per day — more than what Jennifer Lawrence made the entire year.

Foto: sourceVittorio Zunino Celotto/Getty Images

Source: MarketWatch


His wealth is greater than the GDP of Uruguay.

Foto: sourceJoe Raedle/Getty Images

Source: Business Insider


But you wouldn’t know Buffett is a billionaire by the way he spends his money.

Foto: Warren BuffettsourceGetty Images / Spencer Platt

He previously told CNBC and Yahoo Finance’s “Off the Cuff” that he’s “never had any great desire to have multiple houses and all kinds of things and multiple cars.”

Foto: Warren BuffettsourceKevin Lamarque/Reuters

Source: CNBC


Buffett lives in a modest home in Omaha, Nebraska, which he bought for $31,500 in 1958. Adjusted for inflation, it’s about $276,700 in today’s dollars.

Foto: sourceHuffington Post

Source: Business Insider


As of 2017, it was worth an estimated $652,619, what he calls the “third-best investment he’s ever made.”

Foto: sourceBusiness Insider

Source: Business Insider


The home spans 6,570 square feet. It has five bedrooms and two-and-a-half bathrooms.

Foto: sourceBusiness Insider

Source: Business Insider


It’s also guarded by fences and security cameras.

Foto: sourceBusiness Insider

Source: Business Insider


In 1971, Buffett purchased a vacation home in Laguna Beach, California, for $150,000.

Foto: sourceJon Bilous/Shutterstock

Source: Business Insider


Part of a gated community called Emerald Bay, it’s walking distance from the beach.

Foto: sourceTodd Tankersley Photography, Newlistingphotos.com

Source: Business Insider


According to the listing, the home comes with a $9,264 annual association fee, which grants him access to nearby amenities like a pool and spa, picnic area, playground, and tennis court.

Foto: sourceVilla Real Estate

Source: Business Insider


It has 3,500 square feet of living space and six bedrooms. Buffett has renovated it since his initial purchase.

Foto: sourceTodd Tankersley Photography, Newlistingphotos.com

Source: Business Insider


Each bedroom has its own en-suite bathroom.

Foto: sourceTodd Tankersley Photography, Newlistingphotos.com

Source: Business Insider


It’s secluded and has plenty of wide-open windows for views of the sea.

Foto: sourceVilla Real Estate

Source: Business Insider


It’s also secluded and simply decorated, mirroring Buffett’s simple spending habits.

Foto: sourceTodd Tankersley Photography, Newlistingphotos.com

Source: Business Insider


He put it on the market for $11 million in early 2017, but cut it down to $3 million later that year.

Foto: sourceVilla Real Estate

Source: Business Insider


After nearly two years on the market, it finally sold in October 2018 for $7.5 million.

Foto: sourceTodd Tankersley Photography, Newlistingphotos.com

Source: Business Insider


Buffett also has a modest set of wheels. He previously drove a 2006 Cadillac DTS.

Foto: Buffett’s car not pictured.sourceFrank Polich FJP/Reuters

Source: GOBankingRates, US News & World Report


In 2014, he replaced it with a Cadillac XTS, which has an original starting price of $44,600.

Foto: Cadillac XTS. Buffett’s car not pictured.sourceKevork Djansezian/Getty Images

Source: GOBankingRates, US News & World Report


He also buys beat-up cars — like hail-damaged cars — at reduced prices and is reluctant to replace them, daughter Susie Buffett said in a BBC documentary.

Foto: Buffett’s car not pictured.sourceChristian Delbert/Shutterstock

Source: GOBankingRates


“The truth is, I only drive about 3,500 miles a year so I will buy a new car very infrequently,” Buffett once told Forbes.

Foto: sourceDrew Angerer/Getty Images

Source: Forbes


He once auctioned his car for $73,200.

Foto: sourceDaniel Zuchnik/Getty Images

Source: Reuters


His Lincoln Town Car once had a license plate that read “THRIFTY.”

Foto: Buffett’s car not pictured.sourceScott J. Ferrell/Getty Images

Source: The Wall Street Journal


Buffett doesn’t spend much on technology, at least when it comes to his mobile phone. He still uses a flip phone instead of a smartphone.

Foto: Warren Buffett tells former CNN host Piers Morgan about his flip phone in 2013.sourceCNN

Source: Business Insider


Buffett isn’t a fan of high-end designer suits. He only wears suits — of which he owns about 20 — made in China by designer Madame Li.

Foto: Warren BuffettsourceAP Images

Source: CNBC


Buffett tops off his style with an $18 hair cut.

Foto: sourceRick Wilking/Reuters

Source: Marketwatch


Buffett eats the same thing every morning for breakfast — McDonald’s. He spends no more than $3.17 on his order.

Foto: sourceVivien Killilea/Getty Images

Source: Business Insider


He also likes to treat his buddy Bill Gates to lunch at McDonald’s — which he’s paid for with coupons in the past.

Foto: sourceBill Gates/YouTube

Source: GOBankingRates


Buffett is also a thoughtful friend without spending a lot of money. He picks Gates up at the airport, calls him, and sends him news clippings via snail mail.

Foto: sourceJeff Christensen/Reuters

Source: GOBankingRates


Buffett also dines at the modest Gorat’s steakhouse, his favorite. The menu ranges from $3 to $41.

Foto: sourceThe Washington Post/Getty Images

Source: CNBC, Gorat’s


Buffett is also a fan of Coca Cola; he has said he typically drinks five Cokes a day — so you can imagine he spends more on the beverage than the average person.

Foto: sourceReuters/Rick Wilking

Source: GOBankingRates


Compared to other CEOs, Buffett doesn’t spend a whole lot on his hobbies. He plays bridge for about 12 hours a week.

Foto: sourceEric Francis/Getty

Source: Business Insider


Buffett also likes to hit the green for some golf — but he doesn’t spend his money on fancy golf clubs.

Foto: sourceNati Harnik/AP Photos

Source: GOBankingRates


“I’m a member of every golf club that I want to be a member of […] I’d rather play golf here with people I like than at the fanciest golf course in the world,” he once said in a Q&A.

Foto: sourceSTRDEL/Getty Images

Source: GOBankingRates


He also puts a lot of money toward books. He’s said he has a “disgusting pile” of books by his chair, and he spends 80% of his day reading.

Foto: sourceSarah Jacobs/Business Insider

Source: Business Insider, CNBC


Buffett also loves to play the ukulele. Girls Inc of Omaha once hosted a ukulele concert as a benefit for Buffett, in which they earned $344.23 in donations.

Foto: sourceRick Wilking/Reuters

Source: Reuters


He took the money and purchased 17 Hilo ukuleles for the group — but not without demanding a discount because he was buying in bulk.

Foto: sourceRick Wilking/Reuters

Source: Reuters


He’s even frugal when it comes to his kids — he fashioned a dresser drawer into a bassinet for his firstborn, Susie.

Foto: sourceThe Washington Post/Getty Images

Source: GOBankingRates


For his second born, Howard G. Buffett, he borrowed a crib.

Foto: sourceNBC NewsWire/Getty Images

Source: GOBankingRates


Buffett once spent $100 to take a Dale Carnegie course on public speaking. It helped him propose to his wife, he said.

Foto: sourceBrendan Hoffman / Getty

Source: Business Insider


The one thing Buffett has splurged on is a private jet. He told CNBC, it’s “the only thing that I do that costs a lot of money.”

Foto: Not Buffett’s jet.sourceMikhail St / Shutterstock

Source: CNBC


But that wouldn’t be possible without his wise investing strategies. While 99% of Buffett’s net worth is tied to Berkshire Hathaway, he invests the other 1%.

Foto: sourceAlex Wong / Getty Images

Source: Forbes


He purchased shares in Wells Fargo “a long, long time ago,” but it’s unclear what his stake in the company is.

Foto: sourceREUTERS/Chris Keane

Source: Forbes


He also purchased two million shares — an 8% stake — in Seritage Growth Properties for a total estimated cost of $73 million.

Foto: sourceMark Lennihan/AP

Source: Forbes


He also owns an undisclosed amount of JPMorgan stock. He’s said to be a fan of the bank’s CEO, Jamie Dimon.

Foto: sourceGlassdoor

Source: The Motley Fool


But not all his investments have been wise — back in 1951, he bought a Sinclair gas station with a friend. The Texaco station across the street was more popular, and he lost $2,000 out of his $9,600 savings.

Foto: sourceAP Images

Source: Forbes


Buffett spends most of his billions on philanthropy; he’s considered one of the most generous philanthropists in the world, having donated more than $46 billion to causes since 2000.

Foto: sourceREUTERS/Rick Wilking

Source: CNBC


He teamed up with Bill and Melinda Gates in 2010 to form The Giving Pledge, an initiative that asks the world’s wealthiest people to dedicate the majority of their wealth to philanthropy.

Foto: sourceTed S. Warren/AP

Source: Business Insider


In 2016, he donated $2.9 billion to various charities, including The Bill and Melinda Gates Foundation and the Susan Thompson Buffett Foundation, in honor of his late wife.

Foto: sourceSpencer Platt/Getty Images

Source: Business Insider


Buffett, through the Susan Thompson Buffett Foundation, has donated tens of millions to the Planned Parenthood Federation of America and the National Abortion Federation.

Foto: sourceReuters

Source: Inside Philanthropy


He donated even more to the Bill and Melinda Gates Foundation in 2018 — around $2.6 billion worth of Berkshire Hathaway stock.

Foto: sourceJeff Christensen/Reuters

Source: FORTUNE


That same week, he donated about $800 million in Berkshire Hathaway stocks to the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation.

Foto: sourceAlex Wong/Getty Images

Source: FORTUNE


Buffett donated another $3.6 billion in Berkshire Hathaway shares to those organizations in June 2019.

Foto: Warren BuffettsourceKevin Lamarque/Reuters

Source: Markets Insider


Buffett only plans to leave his kids $2 billion each; the rest of his fortune will be donated to philanthropic causes. He once said he wants to leave his children “enough money so that they would feel they could do anything, but not so much that they could do nothing.”

Foto: sourceNati Harnik/AP Images

Source: The Washington Post


There is one thing money does buy for Buffett personally, he said in a CNBC interview: Freedom.

Foto: sourceBill Pugliano/Getty

Source: CNBC


“My life couldn’t be happier” he once said. “In fact, it’d be worse if I had six or eight houses. So, I have everything I need to have, and I don’t need any more because it doesn’t make a difference after a point.”

Foto: sourceScott Olson / Getty Images

Source: CNBC