One of the greatest investors of our time, Warren Buffett, is famously frugal when it comes to spending on himself. Something that surprises many people, given that heโs worth approximately US$90 billion. But I guess an important part of wealth creation is knowing how to stay wealthy.
Key examples of this include his US$652,000 house, which he bought for a mere US$31,500 back in 1958 (equivalent to US$250,000 in modern times) โ and still lives in today. Yet another well-documented instance of this is his attachment to US$20 flip phones. Until now, that isโฆ
โMy flip phone is permanently gone,โ says Buffett to CNBC.
โThe numberโs been changedโฆ Youโre looking at an 89-year-old guy whoโs barely beginning to be with it.โ
As of today, Buffett is officially carrying an iPhone. He has, however, reassured us that heโs simply using it as a phone and nothing more. So donโt hold your breath waiting for the Buffett Tik Tok account.
An amusing paradox about achieving Buffettโs level of wealth is that once youโve accrued the capital, people just seem weirdly determined to giving you free shit. As is the case with the iPhone.
โIโve been given several of them, including by Tim Cook,โ says Buffett.
The Apple CEO has reportedly been spending years trying to convince Buffett to make the switch. Even offering to โโฆ personally come out to Omaha and do tech support for himโฆโ. Only half in jest, of course. Any brand would practically kill to have Buffettโs personal seal of approval.
Buffettโs company, Berkshire Hathaway, holds a 5.6% stake in Apple currently valued at over US$70 billion. So itโs no surprise that Buffett himself is team iPhone, in the same spirit of his daily Dairy Queen and Coke intake (owning considerable positons in both companies). In essence, youโve got to rep the set.
Watch the video above to find out more about Wall Streetโs grandad making the transition to the 21st century.
RELATED: Warren Buffett Says Cryptocurrencies Are Bullshit Gambles, Not Investments.
