He considers the home one of his best investments.
Warren Buffett, chairman and CEO of US multinational conglomerate Berkshire Hathaway, is currently the fifth richest person on Earth, according to the
Forbes World's Billionaires List.
Born in Omaha in Nebraska, the now 92-year-old owns such companies as auto insurer Geico, fast food chain Dairy Queen, battery manufacturer Duracell and many many more through Berkshire Hathaway.
However, while the cities of
New York and San Francisco are considered to be the wealthiest cities in the United States, Buffett does not reside there.
Instead, according to multiple reports, he still lives in Omaha in a five-bedroom house he bought all the way back in 1958 for just $31,500 (around €29,920) which, adjusted for inflation, would today be around $328,990 (€312,485).
Warren Buffett still living in house he bought for €29k in 1958
According to an estimate by
Realtor.com, the property is now valued at around $1,358,400 (€1,290,255).
Said to be the only real estate in the billionaire's personal portfolio, the house is located just a five minute drive away from the corportate headquarters of Berkshire Hathaway.
And despite all of Buffett's financial success, he reportedly considers it one of his best investments, telling the BBC in 2009: "I couldn't imagine having a better house."
Ranking ahead of Buffett in the Forbes' Billionaires List is Larry Ellison ($107 billion), Jeff Bezos ($114 billion), and Elon Musk ($180 billion), while the richest person on Earth is French businessman, investor and art collector Bernard Arnault ($211 billion).
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