Legendary investor Warren Buffett constructed his $98.4 billion empire by way of his funding agency Berkshire Hathaway, which owns vital stakes in manufacturers like Geico, Duracell and Dairy Queen. He has all the time been eager to reside frugally, and he nonetheless lives in the identical home that he purchased for $31,500 in 1958. It is price about $650,000 right now, lower than 0.01% of his wealth. Very like his house, his automobile can be very modest, a 2014 Cadillac XTS that Buffett purchased new.
This is not his first Cadillac, as his earlier day by day driver was a 2006 DTS, which he traded in when he purchased the XTS. CNN Enterprise studies that Buffett initially despatched his daughter, Susie, into an area Cadillac dealership to seek out him an acceptable automobile, the place she instructed workers that she was looking on behalf of her unnamed aged father. The saleswoman reportedly thought that Susie was a thriller shopper despatched to check her data of the model’s automobiles, however Susie ultimately gave the sport away and let slip that she was purchasing for one of many world’s richest males. Buffett was so impressed together with his new buy that he even despatched a letter of because of GM’s CEO on the time, Mary Barra.