6 Reasons Warren Buffett Is the World's Most Interesting Billionaire

Most people know Warren Buffett as one of the richest people in the world, and the most successful investor of all time. However, the "oracle of Omaha" is one of the most interesting billionaires in the world, but not for the same reasons most people with that kind of money are interesting.

For instance, did you know that Warren Buffett still lives in the same modest three-bedroom house he bought more than 50 years ago? And that he travels without security personnel and still drives his own car?

Here are some things about this $58.5 billion man you may be surprised to learn...

9 million reasons Warren Buffett loves this stock
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  • Report this Comment On June 02, 2014, at 11:36 AM, dstb wrote:

    He needs to rethink his politics. Why someone who has benefitted from private property rights, reasonable regulation, limited government and capitalism in general for his entire career would consistently support politicians who believe in none of those things is beyond me.

    His call for higher taxes on the "wealthy" would do nothing for anyone except perhaps ease his "rich man's" guilt.

  • Report this Comment On June 02, 2014, at 1:07 PM, TheoryMeltFool wrote:

    @ dstb

    His politics reflect his reaction to the current economic climate, because the economy is drastically changing to "riskier" higher-tech industries, and Warren is caught holding onto sugary outdated diabetes-causing products like Coca-Cola. So he has to engage in crony-capitalism so that the government can bail out Goldman Sacks, and Warren can make a profit. Warren has been profiting from crony-capitalism for decades.

    Warren Buffet, very astutely, knows that every % he can keep adds up big time over the long haul. That's why Berkshire Hathaway's entire corporate structure pretty much acts like an on-shore tax-shelter. He buys companies that issue dividends, but keeps that dividend and claims it as capital gains by initiating share buy-backs, so that he has a lower tax burden. That's why BH has never issued a dividend. He cries about "not being taxed enough," but he would never be close to this rich if he wasn't the best tax-dodger in history.

    Which i'm totally fine with, since his charitable contributions probably do ten times as much good as that same money in the hands of more corrupt government officials, but at least it explains this "contradiction."

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