When compared to the wealth of the owner, the home is relatively humble. But Warren Buffett has nothing but warm feelings for the house that his family has lived in for many years in Omaha,
Nebraska.The fact that Warren Buffett has been recognized as one of the most successful investors in the world could lead one to believe that he resides in the lap of luxury.
However, the billionaire is the proud owner of a humble home that does not even account for 0.001 percent of his overall wealth.
Here is everything you need to know about the house in Omaha, Nebraska, that Warren Buffett has called home for the past 60 years and cherished.
Even though he is now the 10th richest person in the world with a net worth of $105.2B, the guy who is still living in the home he purchased in 1958, long before he became wealthy, is not moving.
Buffett has remained a resident of the same home in the Dundee neighborhood close to Omaha, Nebraska, for the better part of six decades.
The home was originally purchased by the “Oracle of Omaha” for $31,500, which is equivalent to almost $250,000 in today’s currencies.
When asked about his humble home, Buffett told CNBC that he “wouldn’t trade it for anything.”
Following that, the self-made billionaire stated that real estate is an asset that is valuable “for a great many people.”
He continued by saying, “The home is terrific if you know you’re going to live in a given area for a considerable period of time, or think it’s very likely, and you’ve got a family.”
What exactly is it about Warren Buffett’s home in Omaha that makes it so special?
In a letter that he sent to his shareholders in 2010, Warren Buffett said that the mansion was, in retrospect, the “third-best investment” that he had ever made.
Despite the fact that he would have been able to turn a profit from renting out the house, he would have missed out on the things that are truly essential in life.
Buffett revealed that he had “gained 52 years of terrific memories [in it] with more to come.”
According to Business Insider, the modest house has a total area of 6,570 square feet, and it contains 5 bedrooms in addition to 2.5 bathrooms.
The stucco building that was constructed in 1921 looks to have been expanded upon as it now occupies a corner lot.