What Makes Warren Buffett Different from Other Billionaires?

Warren Buffett, the Oracle of Omaha, is one of the world’s richest men. Exactly how rich he is changes by the day, as his wealth is tied up in Berkshire Hathaway stock, but usually he’s in the top five. At the time of writing, he’s currently number 2 with more than $70 billion to his name. The only ┬áman richer is his friend Bill Gates.

However, despite his immense wealth, Warren Buffett isn’t your typical billionaire. While there are a dozen things that he does differently, it all boils down to one simple statement: he is not extravagant in the least. There are many things, in fact, that Warren Buffett does differently from other billionaires. Here are a few examples:

1. He doesn’t buy luxury cars

Warren Buffett drives a 2014 Cadillac XTS which he drives to work every morning. Brand new, off the lot, that vehicle probably set Buffett back around $70,000. Which, yes, is a pretty expensive car in a way, but nothing compared to the kinds of cars someone with $70 billion could purchase. Prior to buying the 2014 Cadillac XTS, his car was around 8 years old. He reportedly upgraded after GM CEO Mary Barra convinced him it was better than the DTS he was driving.

2. He doesn’t own a mansion

The home Buffett currently lives in is located in Omaha, Nebraska. The five-bedroom home was purchased in 1958 for $31,500. Adjusted for inflation, that price is close to $260,000. Of course, Buffett has likely made some improvements since he’s lived there so it’s probably safe to assume that the house is worth more now than it was when he bought it. However, while it’s not clear exactly how much Buffett’s home is worth, the cute brick house across the way recently was listed for sale for just under a million dollars so it’s probably a good assumption that it’s in a similar ballpark.

3. He eats at McDonalds

As a billionaire, Buffett can afford to eat basically whatever he wants to. However, while most celebrities have expensive five-star Michelin chefs cooking meals for them, Buffett eats breakfast at McDonalds most mornings. He also drinks around five Coca-Colas a day, including one with breakfast, and will occasionally have ice cream in the morning.

“I checked the actuarial tables, and the lowest death rate is among six-year-olds,” Buffett joked. “So I decided to eat like a six-year-old. It’s the safest course I can take.”

4. He has vowed to give his money away

Although Buffett is famous for his quote about not losing money, he himself has vowed to actually give away most of his money before or immediately after his death. In the Giving Pledge, Buffett promised to give away 99% of his money to charities (including the Bill and Melinda Gates Foundation). He even worked together with Bill Gates to try and get other billionaires to give away their money as well.

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