An Interviewer Asked To See How Much Money Warren Buffett Carried In His Wallet And His Answer Is Just What You'd Expect From Him
Warren Buffett, one of the richest people in the world with a net worth of nearly $142 billion, is known for his wit, wisdom and frugal lifestyle. In a 2014 interview with ABC’s Rebecca Jarvis, the Oracle of Omaha gave us another peek into his down-to-earth habits – and his sense of humor.
When asked how much money he usually carries in his wallet, Buffett responded with his characteristic candor and a touch of humor: “Probably four or five hundred dollars.” When Jarvis expressed curiosity about seeing it, he pulled out his wallet, revealing five $100 bills, a $10 bill and a couple of ones, joking, “Most women do,” as she eagerly leaned in for a closer look. Like much of his lifestyle, Buffett’s wallet reflects his practical approach to life and money.
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Buffett has a remarkably traditional approach to money for someone who has influenced modern investing. He stated that he makes 98% of his purchases in cash, describing it as “easier” in an interview with Yahoo Finance. Even when he’s eating out, he prefers cash to credit cards.
He also shared that his wife, Astrid Buffett, helps manage the household cash flow. “She looks at my billfold and sees whether all the 100s are gone,” Buffett said. And while he’s been carrying an American Express card since 1964, cash remains his go-to.
Buffett’s cash-carrying habits are just one example of his famous frugality. Despite being worth billions, he’s known for spending just $3 on breakfast at McDonald’s and still lives in the Omaha home he bought over 66 years ago. This mindset aligns with his broader financial principles of keeping things simple and focusing on long-term value.
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Buffett’s interviews often showcase his humor and humble attitude. For instance, he’s joked about using an old flip phone and admitted he’s only tweeted five times – with help from someone else.
When asked who he’d rather have lunch with, Mark Zuckerberg or Mark Cuban, Buffett chose Cuban, saying he’d better understand a conversation about basketball and gambling. This blend of sharp intellect and down-to-earth charm keeps people fascinated by Buffett, both as an investor and a person.