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Thursday, January 24, 2013

HUFFINGTON POST: Warren Buffett, Billionaire, Still Lives In Modest Omaha Home Which Cost $31,500 In 1958 (PHOTO)

Posted:   |  Updated: 01/22/2013 1:51 pm EST

When we daydream about winning the lottery, we imagine owning stunning digs in each exotic corner of the globe. So when we learned that one of the richest people in the world, billionaire Warren Buffett, chooses to continue to reside in the home he bought in 1958 for $31,500 in the Dundee-Happy Hollow Historic District of Omaha, Nebraska where he was raised, we were definitely surprised. (And thankful that our time mindlessly browsing Wikipedia ended up being productive!)
As the chairman and CEO of Berkshire Hathaway, and named one of the mostinfluential people in the world by Time Magazine, we would picture him to be in something more extravagant than this well-kept gray stucco house, which Forbes Magazine says is approximately 6,000 square feet. (We're guessing the property has had a few additions over the years.) The property was last assessed in 2003 for $700,000 -- still a modest price for a billionaire.
warren buffett home
Courtesy of Wikipedia
For the curious among you, $31,500 in 1958 would be approximately $250,000 in 2013.
But, this isn't his only property. Forbes reports that Buffett allegedly also owns a home in Laguna Beach, California valued at about $4 million, but reminds us "that's still less than one hundredth of a percent of his estimated net worth." Wow, he's quite a saver.

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