Billionaire Warren Buffett drives a damaged 2014 car despite huge wealth

Apparently, Warren Buffett has a net worth in the region of $116 billion.

That places the ‘Oracle of Omaha’ fourth on the Forbes 400 list.

So, with the kind of wealth, you’d expect the successful investor to be cutting around in something rare and exclusive, like Cristiano Ronaldo’s Bugatti Centodieci or Michael Jordan’s Bugatti Veyron Sang Noir.

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While other billionaires indulge in extravagant cars as a visible symbol of wealth and success, Warren Buffett prefers to keep it low key.

Now, we’re not talking BMW or Mercedes-Benz – even more low key than that.

By all accounts, Buffett lives a frugal and simple lifestyle, and as such chooses to drive a 2014 Cadillac XTS.

At that end of the day, it’s a chunk of metal and it hardly defines who you are.

What’s more important is that Buffett’s frugality and minimalist mindset have been key factors in his tremendous success as an investor.

He has an ability to seek value in all aspects of life, not just business and investments, which has shaped his distinctive financial philosophy.

But when it comes to cars, Buffett clearly has an aversion to the rapid depreciation with new vehicles, instead opting for used cars that offer significant discounts because of cosmetic issues like hail damage.

That’s right, not only does Warren Buffett roll around in a 2014 Caddy XTS, it’s pockmarked by hail stones, too.

Back in 2015, he revealed to Forbes that he only drives around 3,500 miles per year, so he sees no need to replace his car often.

The billionaire drove a 2001 Lincoln Town Car for a decade, before auctioning it off for charity and replacing it with a 2006 Cadillac DTS.

He drove that car for eight years, until he replaced it with his current 2014 Cadillac XTS.

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