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He’s just like you and me, except for the £31bn fortune
Posted by: gurufocus (IP Logged)
Date: March 8, 2008 05:10PM
When F Scott Fitzgerald observed that “the very rich are different from you and me”, the novelist was clearly not thinking of people like Warren Buffett.
Proclaimed the world’s richest man last week, the American investment strategist eats at his local grill and drives to work from the modest home that he bought in unfashionable Omaha, Nebraska, in 1958, which is today valued at about £350,000.
Such is the frugality of the 77-year-old “sage of Omaha”, whose wealth increased by £5 billion last year to £31 billion, that when he married in 2006 he bought a discount ring from his own jewellery company. He has vowed to pass on only a small chunk of his fortune to his children, Susie, Howard and Peter. He wants them to have “enough to do anything but not to do nothing”.
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