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? ›

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.

Does Warren Buffett drive himself to work? ›

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.

What was Warren Buffett's first car? ›

After driving his 2001 Lincoln Town Car for a decade, Buffett auctioned it off for charity and replaced it with a 2006 Cadillac DTS. He drove that car for eight years, until replacing it with his current 2014 Cadillac XTS.

Does Warren Buffet really live in his house? ›

Warren Buffett Still Lives In The Home He Bought Back In 1958 For $31,500 — It's Worth $1.43 Million Today And He 'Couldn't Imagine Having A Better House' — But Says He Would Have Made 'Far More Money' Renting Instead.

What car brand do most millionaires drive? ›

The top 10 car brands driven by millionaires, according to a Ramsey post on X (formerly Twitter) are:
  1. Toyota. The average price for a Toyota went up to $38,198 in the automaker's second quarter of its 2024 fiscal year, according to Carsdirect, citing Cox Automotive data.
  2. Honda. ...
  3. Ford. ...
  4. Lexus. ...
  5. Subaru. ...
  6. BMW. ...
  7. Acura. ...
  8. Hyundai.
Apr 5, 2024

What does Mark Zuckerberg drive? ›

Vehicle of choice: Honda Fit

The Facebook CEO reportedly motors around Silicon Valley in a compact Honda Fit. He also owns an Acura TSX sedan and Volkswagen Golf GTI hatchback to complete his collection of understated cars.

Do Bill Gates and Warren Buffett get along? ›

Gates and Buffett have been friends for more than three decades. Their shared interests go beyond their wealth: The pair co-founded The Giving Pledge, which encourages the world's wealthiest people to donate at least half of their wealth to charitable causes, and are occasional bridge and golf partners.

Is Warren Buffett actually frugal? ›

But there's more to this American business magnate than just his job. Despite his roughly $116.7 billion net worth, according to Forbes, the fifth-wealthiest man in the world enjoys a life of simple taste, frugal living and generous philanthropy.

What car dealerships does Warren Buffett own? ›

About three years ago, billionaire investor Warren Buffett surprised the auto industry by buying Van Tuyl Group. At the time, it was the fifth-largest auto dealership group with 75 dealerships. Buffett moved the headquarters from Phoenix to Dallas and renamed it Berkshire Hathaway Automotive Group.

What car does Bill Gates drive? ›

Some billionaires like Bill Gates, Warren Buffett, and Mark Zuckerberg do drive normal cars, while others may choose to drive luxury or high-end cars. For example, Bill Gates is known to drive a Ford Focus and a Porsche 911, both of which are considered relatively modest compared to some other luxury vehicles.

Does Warren Buffett ride a motorcycle? ›

Seen here, Billionaire financier Warren Buffett poses on a motorcycle during the Berkshire Hathaway Annual Shareholders meeting.

Does Warren Buffett have a private jet? ›

What Kind of Private Jet does Warren Buffet Own? Billionaire investor and Berkshire Hathaway CEO purchased his first jet in 1986 after growing the multinational conglomerate holding company's value by more than $600 million in one year.

Does Warren Buffet have a bodyguard? ›

Warren Buffett does have a body guard since he is not your average billionaire, he is also a celebrity. I would think that his bodyguard, Dan Clark, mostly keeps fans and groupies at the Berkshire meeting or elsewhere in check as opposed to kidnappers or something.

Where does Warren Buffett keep his cash? ›

What Berkshire is currently doing with its cash hoard. In the near term, Buffett appears content with holding the majority of Berkshire's cash in Treasury bills -- a short-term security backed by the U.S. Treasury Department with a maturity of one year or less.

How many car dealerships does Warren Buffett own? ›

Buffett Automotive Group now has over $9 billion in revenue and includes 85 independent dealerships in 10 states, including Arizona, California, Florida, Georgia, Illinois, Indiana, Missouri, Nebraska, New Mexico and Texas, according to the company's website.

Does Warren Buffett have bodyguards? ›

Buffett's security outfit has expanded in recent years — after all, he is the world's third-richest; a tricked out protective staff is necessity, if only for appearances. Still, Clark has the greatest access to the inner workings of the investment guru's business dealings and private life.

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