Warren Buffett, the famous investor and CEO of Berkshire Hathaway, is often seen as a moneymaking legend. But according to his children, especially his daughter Susie, Buffett’s incredible fortune wasn’t the result of a grand plan to become the richest guy around. It was more about doing what he loved – and doing it very, very well.
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In 2017, Susie Buffett shared insight with People into her father’s life, describing him as a man whose love for investing drove his success, not the pursuit of wealth itself.
“He made the money sort of by accident because he was really good at doing what he loved,” Susie said. “When you do that particular thing really well, you end up with a whole bunch of money. But it’s really true that he does not care about having a bunch of money.”
Buffett, now 94 and worth $145 billion according to Bloomberg, has always stayed true to his unassuming Midwestern roots, raising his children in a household where wealth didn’t define their lives.
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Despite his massive fortune, the Buffett family lived much like any other upper-middle-class family in Omaha, Nebraska. In fact, Susie and her siblings, Howard and Peter, didn’t realize how rich their father was until they were in their twenties – and not because Warren told them. Susie only discovered the scope of her father’s wealth after reading about it in the papers.
“We lived pretty much like everybody else,” Susie explained. Warren still lives in the same house he bought in 1958 for $31,500. Growing up, the Buffett kids got regular allowances and even those often disappeared into a slot machine that Warren kept in the house – only for him to eventually open the back and take the money right back out.
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Buffett’s careful approach to money even applied to his family’s personal requests. Susie once asked her father for a $41,000 loan to expand her kitchen after she had a baby. She wasn’t looking for a handout; she just needed the space. Warren’s response? “Go to the bank like everyone else.” While it might sound harsh, Susie didn’t hold it against him. Instead, she respected his approach, saying, “I never felt like he was cheap … Whatever we are, we are and it’s not that bad.”
