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

To contact us Click HERE

Posted: 01/18/2013 5:35 pm EST  |  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.

Courtesy of WikipediaFor 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.
Discuss this topic @ Share Investor Forum - Register free

Read the full transcript of the October 24 2012 Squawk Box Interview with Warren Buffett
Download the 2010 Berkshire Hathaway Annual Report
Download the 1977 - 2011 Warren Buffett Letter's to Berkshire Hathaway Shareholders


Warren Buffett @ Amazon

	The Essays of Warren Buffett: Lessons for Corporate America, Second Edition by Warren E. Buffett Buy new: $24.32 / Used from: $17.64 Usually ships in 24 hours
	The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Buy new: $13.60 / Used from: $4.50 Usually ships in 24 hours