Does Warren Buffett Drive His Own Car? (2024)

Does Warren Buffett drive his own car? Warren Buffett, one of the wealthiest individuals in the world, is known for his frugality despite an estimated net worth of over $100 billion.

His down-to-earth lifestyle often raises eyebrows when juxtaposed with the extravagant habits usually associated with his economic status.

One question emerges from it all. Does Buffett, like many other billionaires, employ a chauffeur, or does he choose to drive himself? Let's find out.

Does Warren Buffett Drive His Own Car?

Yes, Warren Buffett indeed takes the wheel of his own car.

Despite his immense wealth, Buffett is renowned for his down-to-earth and unassuming lifestyle, which includes personally driving himself to work every day. He steers clear of hiring a chauffeur, choosing instead to embrace simplicity and humility. It's remarkable, considering he could easily afford one.

Actually, Buffett is a terrible driver. According to Alice Schroeder, author of the best biography on Buffett written, "The Snowball"...

"He's a terrible driver. There's always something going on in his head and he's also talking to you, meanwhile the car wanders between lanes and goes through yellow lights. He drives slowly to make sure it won't cause too much damage if he gets into an accident. I think he is doing less driving these days and being driven more, thank goodness."

So, if you happen to see him on the road, stay off the sidewalk! Or, better yet, start crossing before the walking sign turns green so you can collect a few million when he hits you!

What Kind of Vehicle Does Warren Buffett Drive?

Warren Buffett drives a Cadillac XTS, a car that is far from the flashy, high-end luxury vehicles that one might expect a billionaire to own.

Consistent with his down-to-earth lifestyle, Buffett's choice of vehicle is practical, reliable, and understated. The Cadillac XTS is valued for its comfort and efficiency, rather than its status symbol when compared to higher end options made by Bentley, Jaguar, or Rolls Royce.

It's important to note that Buffett's decision to drive a modest car doesn't stem from a lack of appreciation for luxury or quality. In fact, he is known to have a keen eye for value and quality in all aspects of his life. His choice of vehicle reflects his belief in practicality and thrift, demonstrating that wealth does not necessarily equate to extravagant spending. In 2023, the Cadillac XTS goes for between $48,000 and $74,000 USD.

Not that Buffett would ever pay such outrageous prices for a vehicle. Actually, Buffett was known to buy cars that were essentially sold as salvage due to hail damage.

At times in the midwest hail gets downright crazy, and can destroy a car’s bodywork. As a result, shops sometimes fix the damage then sell the cars for a small fraction of their blemish-free peers. What a bargain for the world’s best bargain hunter to take advantage of!

So next time you see a Cadillac XTS cruising by, remember the man behind the wheel may just be a billionaire who stays true to his principles and keeps things real.

Does Warren Buffet Have a Driver?

No, Warren Buffett does not employ a personal driver.

Despite his astronomical wealth, he chooses to drive himself rather than hiring a chauffeur. This decision aligns with his philosophy of living a simple and humble life, regardless of his financial status.

Buffett's choice to drive himself is also a testament to his independence and preference for practicality. His actions reinforce the idea that one's wealth does not necessarily determine their lifestyle choices. Buffett continues to inspire many with his uncommon approach to wealth, standing as a symbol of humility and groundedness in a world often dazzled by extravagance.

Read next: What Is Unique About Warren Buffett?

Article Author: Evan Bleker

Article image (Creative Commons) by Caleb Whiting, edited by Net Net Hunter.

Does Warren Buffett Drive His Own Car? (2024)

FAQs

Does Warren Buffett Drive His Own Car? ›

Yes, Warren Buffett indeed takes the wheel of his own car. Despite his immense wealth, Buffett is renowned for his down-to-earth and unassuming lifestyle, which includes personally driving himself to work every day. He steers clear of hiring a chauffeur, choosing instead to embrace simplicity and humility.

Does Warren Buffett still drive his own car? ›

Despite having the financial means to purchase any vehicle, billionaire investor Warren Buffett continues using a modest car with an interesting history. Despite being the sixth-richest person globally, Warren Buffett continues to drive a 2014 Cadillac XTS he purchased with hail damage.

Does Warren Buffett drive himself to work? ›

Buffett spends little. He only recently relinquished his flip phone, and reportedly does not have a computer in his office. Although he could afford a whole fleet of limousines to be at his beck and call, he prefers to drive himself and owns a Cadillac XTS, which he bought for $45,000 in 2014.

Which car does Warren Buffett own? ›

Buffett's current vehicle, the 2014 Cadillac XTS that he has owned for approximately ten years, is a testament to his reputation for frugality.

What is Warren Buffett's most famous quote? ›

Price is what you pay, value is what you get.” This famous Buffett quote strikes at the heart of the “value investor” approach and reveals the secret of how Buffett made his fortune. After Buffett was rejected by Harvard, he enrolled in an undergraduate degree at Columbia Business School.

Does Warren Buffett own a private jet? ›

Warren Buffett bought his first private jet in 1986 and upgraded to a much pricier one in 1989. Buffett and his business partner, Charlie Munger, clashed over the extravagant purchases. The investor changed his plane's nickname from “The Indefensible” to “The Indispensable.”

Do Bill Gates and Warren Buffett get along? ›

Bill Gates and Warren Buffett have given each other a few tips over the course of their friendship, which has lasted for more than three decades and counting. One of those lessons is something Gates wishes he'd learned a lot sooner, to clear up his busy schedule — and possibly even made him happier and more productive.

How often does Warren Buffett buy a car? ›

Buffett's choice of vehicle has also long been modest.

In 2014, he replaced the DTS with a Cadillac XTS, according to Forbes. "The truth is, I only drive about 3,500 miles a year so I will buy a new car very infrequently," Buffett once told Forbes.

What car does Jeff Bezos drive? ›

Bezos also owns a car collection reportedly worth around $20 million. His collection includes several high-end vehicles such as a Cadillac Escalade, Land Rover Range Rover, Mercedes-Benz S450, Ferrari Pininfarina Sergio, W Motors' Lykan HyperSport, Bugatti Veyron Mansory and Koenigsegg CCXR Trevita.

What car does Zuckerberg drive? ›

Mark Zuckerberg

He's been seen in a black Acura TSX, a Volkswagen Golf GTI hatchback, and a Honda Fit — all of which are valued at or under $30,000 — and recently posted a photo on Instagram of two refurbished Ford Broncos, captioned "his and hers."

What car does Elon Musk drive? ›

While Musk hasn't explicitly named a favorite, he frequently drives Tesla models, suggesting a personal preference for their performance and sustainability. He's also expressed admiration for the classic Jaguar E-Type and the iconic McLaren F1.

What is Warren Buffett's golden rule? ›

1 – Never lose money. Let's kick it off with some timeless advice from legendary investor Warren Buffett, who said “Rule No. 1 is never lose money.

What is Warren Buffett's weakness? ›

His biggest weakness is greed. He loves money too much that it interfered with his relationship with his family for a long time.

What are Warren Buffett's 5 rules of investing? ›

A: Five rules drawn from Warren Buffett's wisdom for potentially building wealth include investing for the long term, staying informed, maintaining a competitive advantage, focusing on quality, and managing risk.

How much money is Warren Buffett leaving his family? ›

Warren Buffett is only leaving his three children an inheritance of 2 billion each out of his predicted estate of 65 billion. Why would he not distribute all of his estate to his children? Warren Buffett's kids are 61 - 66 years old. Warren is 88 years old himself.

What car does Mark Zuckerberg drive? ›

The tech mogul is frequently seen cruising in a black Acura TSX, a compact car valued at around $30,000, according to CNBC. Zuckerberg said he favors the car as it is "safe, comfortable, and not ostentatious." Zuckerberg bought a Volkswagen Golf GTI with manual transmission in 2014, Business Insider reported.

Does Bill Gates drive his own car? ›

Apart from his Porsche collection, Gates has been seen driving a variety of other luxury cars. He has been spotted driving a Mercedes S Class, a Mercedes 500SL, and a BMW 7 series. Gates is often driven around in limousines, and some sources claim he even owned a Ford Focus.

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