Just how frugal is billionaire Warren Buffett? You'd be surprised
The world’s third-richest man spends little of his fortune, but has donated more than US$46 billion to philanthropic causes since 2000
Warren Buffett’s net worth is nearly US$85 billion, maintaining his place as the world’s third-richest person, according to Forbes’ real-time net worth tracker.
Now 88, Buffett’s estimated net worth stands at US$84.9 billion – but you wouldn’t know it by his frugal ways.
Still living in the house he bought in the 1950s and driving an equally modest car, 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 is regarded as one of the most generous philanthropists in the world, having donated more than US$46 billion since 2000.
However he uses his money, not much is spent on himself. See how Buffett spends – or does not spend – his billions.
The CEO of Berkshire Hathaway began building his wealth by investing in the stock market from the age of 11.
As a teenager, he was raking in about US$175 a month by delivering The Washington Post – more than his teachers and most adults.
He had amassed the equivalent of US$53,000 by the time he was 16.
But 99 per cent of his wealth was earned after his 50th birthday.
