The surprisingly frugal habits of 8 extremely wealthy people

Warren Buffett, chairman and CEO of Berkshire Hathaway, still lives in the same home he bought for $31,500 in 1958.

Rick Wilking/Reuters

Net worth:$68.1 billion

The “Oracle of Omaha” is one of the wisest and most frugal billionaires around. Despite his status as one of the richest people on earth, hestill lives in the same modest home he bought for $31,500 in 1958, doesn’t carry a cellphone or have a computer at his desk, and once had a vanity license plate that read “THRIFTY,” according to his 2009 biography. And when his friend of 25 years Bill Gates visits Omaha, Buffett picks Gates up from the airport himself.

Buffett also has a decidedly low-brow palate, known not just for investing in junk-food purveyors like Burger King, Dairy Queen, and Coca-Cola, but also for filling up on them as well. The Buffett diet includes five Cokes a day, as well as Cheetos and potato chips.

At his annual shareholder’s meeting in 2014, Buffett explained that his quality of life isn’t affected by the amount of money he has:

“My life couldn’t be happier. In fact, it’d be worse if I had six or eight houses. So, I have everything I need to have, and I don’t need any more because it doesn’t make a difference after a point.”