Tuesday, June 27, 2006

Why not?



Things like this put a smile on my face.

Yes, the second richest person in the world lives in this little stucco house. He still resides in the gray stucco home he bought in 1958 for $31,500. Totaling about 6,000 square feet, in 2003 the Happy Hollow house was assessed at just $700,000 (though the value investor thought it was really worth about $500,000). He sold one of his two 'retreat' properties in Laguna Beach, Calif., but retained one valued at about $4 million. That's still less than one hundredth of a percent of his estimated net worth. Ladies and Gentlemen I give you the private residence of Warren Buffett; estimated net worth: $44 Billion.

Simply fantastic.

[To put this in perspective he is flanked by Bill Gates(#1) whose residence is so large photos of it are taken from planes,


and Lakshmi Mittal the steel magnate who lives in something that looks like a castle, which is fitting since it is next door to Kensington Palace.

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