According to The Richest, Warren Buffett started his career as an investor at the age of 11. Known as the tien tri of Omaha, Buffett has been the CEO of his Berkshire Hathaway company since 1970. Currently, he is ranked 10th in the list of richest billionaires in the world with a net asset value of 105.1 billion USD.
Famous as a frugal billionaire, Buffett likes to live with the simple things that make him happy. The fact that he does not own many expensive items makes this list even more interesting.
6. Book
Warren Buffett considers books one of his most valuable assets. One of the billionaire's secret to success is to read books every day to ensure that he will wake up smarter and smarter every morning. According to Blink List, in his early days as an investor, Buffett read 600-1,000 pages a day; he later reduced his time and read at least 500 pages a day. He believes that knowledge from books is built like double interest rates, and they will eventually make a profit in the future.
5. Mobile phone
As one of the richest men in the world, Warren Buffett surprised all his acquaintances when he used a 20-dollar foldable phone called Samsung SCH-U320. Although his company Berkshire Hathaway owns a 5.5% stake in Apple, worth $72 billion, it was not until 2020 that he bought the iPhone 11 and announced that he had finally stopped using the folding phone. For the billionaire, other functions of a smartphone are almost unnecessary as he only uses the phone to make phone calls.
4. custom-made suits
The suits worn by Warren Buffett are mostly made by Chinese designer Madam Lee. While other billionaires spend thousands to millions of dollars on luxury clothes, he only owns about 20 custom-made clothes that cost from 700 to 5,000 USD. Madame Lee is also known for designing Bill Gates' own outfits, according to CNBC.
3. Real estate
The Omaha tien tri has always been loyal to his homeland and only lived in a beautiful house he bought in 1958 for $13,500. Currently, its value is estimated at up to 652,619 USD. After two marriages, Buffett declared the house the third best investment of his life.
This house is about 61 square meters wide, with 5 bedrooms and two and a half bathrooms. The house has a fence and security cameras to ensure maximum safety. The house is also a symbol of simplicity and living here brings the feeling of a quiet residential area where the billionaire grew up.
2. Car
Most billionaires have an expensive car collection, except for Warren Buffett. This billionaire only owns a 2006 Cadillac XTS to travel. However, he later switched to using a new version of this car, the Cadillac XTS 2014, after the CEO of General Motors Mary Barra convinced him to upgrade the car.
However, Buffett doesn't care much about driving, so his old car can only run more than 30,000 km. He gave his old Cadillac back to a nonprofit called Girls Inc. and they auctioned the car for $122,500 later.
1. Private plane
The most valuable asset on the list is a luxury private plane owned by Warren Buffett. Buffett made a reasonable decision and bought a used Bombardier Challenger for $850,000 from Netjets, a company under his ownership.
Owning a private plane helped him save a lot of time and money. Initially named The indefensible, Buffett later changed it to The Indispensable after realizing its value as a business tool, Forbes said.
Even with the above spending, Buffett has only targeted 0.01% of his total net asset value. He planned to donate 99% of his assets to charity, and has tried to donate $39 billion so far. Buffett also shared that he would only leave $2 billion to each of his children so that they could understand the value of the coins.
