£121k to £9m — well done, Mr Buffett
INVESTOR Warren Buffett, below, with a £48 billionn fortune, is third richest man in the world according to Forbes — after Microsoft’s Bill Gates and Zara retail tycoon Amancio Ortega — and famously lives in a modest family home in Omaha, Nebraska. However, it turns out he also has a seaside property at Laguna Beach, California, which he is selling.
He bought the 3,588sq ft retreat, above, with ocean views across Emerald Beach in 1971 for £121,000. Now that was a good investment, given that it is on Villa Real Estate’s books for £8.8 million.
The modern six-bedroom, sevenbathroom house has sculpted ceilings and recessed lighting to spotlight Buffett’s impressive collection of modern art.