I recently came across a quote about billionaire Warren Buffett–one of the world’s richest individuals.
“Buffett’s still living in the same house he bought when he was 28 for $31,000.”
In today’s day and age, with all of the attention-getting extravagance of CEOs, celebrities, and politicians, a detail like that makes you stop and think. Then again, Buffett isn’t your average rich guy. As this article sums up, despite his large charitable donations (and when I say large, I mean giant), his fortune continues to grow. He advocates for higher taxes for the wealthiest of the wealthy. And he hangs out with fellow billionaire do-gooder Bill Gates, not only sharing the top-most places with him over the years on Forbes’ list of the world’s richest people or donating an immense chunk of his fortune to the Bill and Melinda Gates Foundation, but playing online bridge together under the usernames “T-bone” and “Commander.” Here are a few more things you might not know about Mr. Buffett.
- Two years ago when he was 75, he promised to donate 85% of his fortune to five foundations.
- He is known as “The Oracle of Omaha,” likely because of his success as an investor. The nickname may also reflect his ability to set and reach goals like he reminisced about in this Fortune magazine interview: “Well, when we got married in 1952, I told Susie I was going to be rich. That wasn’t going to be because of any special virtues of mine or even because of hard work, but simply because I was born with the right skills in the right place at the right time.”
- According to Forbes.com, he issued a challenge to members of The Forbes 400 in October: he would donate $1 million to charity if the collective group of richest Americans would admit they pay less taxes, as a percentage of income, than their secretaries.
- He is reported to love Cherry Coke.
- He knows he’s not perfect and says so (from that same Fortune interview above): “In philanthropy also, you have to make some big mistakes. I know that. But it would bother me more to make the mistakes myself, rather than having someone else make them whom I trust overall to do a good job. In general, Bill and Melinda will have a better batting average than I would.”
Consider this a good reminder that being rich isn’t about clothes or cars or bling, but as our CEO once said, it’s a way of life–one that embodies fulfillment, balance, and compassion for others. Words of wisdom for your weekend…make it a good one!
-Sarah


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