2023-10-31 09:30:00
Warren Buffett, one of the richest billionaires in the world, doesn’t need to live in a penthouse in New York.
He is the fifth richest man in the world with a net worth of $113 billion. He is ahead of Bill Gates, who has a net worth of $109.7 billion.
And he doesn’t need to live in a fancy mansion in San Francisco or an apartment building on the Upper West Side in New York. This 93-year-old gentleman lives in Omaha, Nebraska, one of the poorest states in the United States. He bought his house in 1958 for just $31,500 (a fairly high price at the time) and owns no other real estate (he resold his California beach house for $7.5 million). dollars in 2018, after having bought it for 150,000 in the 1970s).
Established for 70 years in this city of less than 500,000 inhabitants, he founded his company there which manages enormous companies ranging from the insurer Geico to the battery manufacturer Duracell via the restaurant chain Dairy Queen… Unlike some rich people, Warren Buffet does not invest in real estate but prefers the stock market. He apparently made his first stock market transaction at the age of 11!
Even if he does not intend to resell it, it would be worth $1,439,000 million today, according to an estimate from the site Realtor.com.
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