Finance

Warren Buffett has lost more than $21 billion in the first months of 2020. Here’s how the notoriously frugal billionaire spends his $67.6 billion fortune.

  • Berkshire Hathaway chairman Warren Buffett’s net worth has plunged over $21 billion in 2020 as the value of the firm’s equity portfolio is in free fall because of the novel coronavirus.
  • Buffett lives modestly and is one of the world’s most generous philanthropists, opting to give away most of his $67.6 billion fortune to charity.
  • Buffett eats breakfast at McDonalds every day — and is careful to spend no more than $3.17 on his order.
  • Visit Business Insider’s homepage for more stories.

Still living in the house he bought in the 1950s and driving an equally modest car, Berkshire Hathaway chairman Warren Buffett prefers to keep and grow his money rather than take it out of the bank.

That strategy may work well under normal circumstances, but Buffett’s net worth has fallen 24.1% since the start of the year as the coronavirus pandemic upends the global economy, the Bloomberg Billionaires Index shows. Many of the losses can be traced to Buffett’s stake in Berkshire Hathaway, which may have lost $80 billion on its 10 biggest investments alone because of the virus.

Now 88, the Oracle of Omaha’s estimated net worth stands at $67.6 billion according to the Bloomberg Billionaires Index — but you wouldn’t know it from Buffett’s frugal ways.

See how Buffett spends — or doesn’t spend — his billions.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

To Top