We all know Berkshire Hathaway (BRK.A - Get Report) (BRK.B - Get Report) titan Warren Buffett as the Oracle of Omaha. But the man behind the billions isn't your run-of-the-mill 87-year-old mega-rich investor.
Here 10 things you probably never knew about Warren Buffett. But a disclaimer -- deciding on multi-million-dollar investments during bath time does not a billionaire make.
Buffett isn't the your-run-of-the-mill mega-rich investor.
Warren Buffett began investing at age 11 after a visit with a trader from the New York Stock Exchange in the Big Apple. He earned cash delivering newspapers, invested it in equities and had a net worth of around $53,000 by the time he was 16 years old.
Buffett has a penchant for junk food and eats just about whatever he wants. He told CNBC's Squawk Box that he has to consume about 2,500 calories per day to maintain his weight, and he fills those 2,500 with whatever his heart desires. Buffett has told reporters his favorite meal is a cheeseburger and a Coca-Cola Co. (KO - Get Report) Cherry Coke.
Buffett's Omaha home is the only one he lives in - no portfolio of real estate for this mogul. He paid $31,500 for the five-bedroom, 6,570 square footer in 1958, or about $250,000 in today's dollars. Buffett's house is now worth as much as $652,619, according to Realtor.com. Buffett called the house the third-best investment he's ever made, after two wedding rings.
In a shareholder letter in 2008, Buffett told investors the worst deal he ever made wasn't now-defunct Salomon Brothers, but rather Dexter Shoe Co. Buffett paid $443 million for the Maine-based company in 1993, but it had gone under by 2001.
Buffett plans to donate 99% of his wealth before his death - and he's started a pledge to get other mega-rich business titans to join him. The Giving Pledge has earned signatures from 137 ultra-wealthy names, including Groupon (GRPN - Get Report) founder Brad Keywell, Epic (EPOR) founder Judy Faulkner, Spanx founder Sara Blakely and legendary activist investor Bill Ackman.
Buffett owned one vacation home in Laguna Beach, California, until 2005 when he sold it for $5.45 million. The home is a four-bedroom, four-bath on a private cul-de-sac on the Pacific Coast Highway.
Over 99% of Buffett's wealth was accumulated after his 50th birthday. At age 49, he was worth about $300 million, according to the Motley Fool. Today, Forbes says Buffett is worth $76 billion.
Warren is in the house.— Warren Buffett (@WarrenBuffett) May 2, 2013
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