Warren Buffett is the world's third-richest man — see how the notoriously frugal billionaire spends his fortune

Paul Morigi/Getty

• Warren Buffett's estimated net worth is $80 billion.
• But you wouldn't know the investor is America's third-richest man by his frugal lifestyle.
• Buffett lives modestly and is one of the world's most generous philanthropists, opting to give away most of his billions to charity.

Warren Buffett's net worth is down about $4 billion since March 2018, according to Forbes' real-time net worth tracker. But he's still the world's third-richest person.

Now 88, Buffett's estimated net worth stands at $80 billion — but you wouldn't know it by Buffett's frugal ways.

Still living in the house he bought in the 1950s and driving an equally modest car, Buffett prefers to keep and grow his money rather than take it out of the bank. Not one for lavish purchases, he spends relatively little of his billions — except when it comes to philanthropy. 

Buffett is regarded as one of the most generous philanthropists in the world, having donated more than $46 billion since 2000.

However he uses his money, not much is spent on himself. See how Buffett spends — or doesn't spend — his billions.

Warren Buffett has a net worth of $80 billion, making him the world's third richest person.

Steve Pope/Getty Images

Source: Forbes

He began building his wealth by investing in the stock market at age 11 and currently runs Berkshire Hathaway — but you wouldn't know he's a billionaire by the way he spends his money.

Paul Morigi/Getty Images

Source: Forbes

He previously told CNBC and Yahoo Finance's "Off the Cuff" that he's "never had any great desire to have multiple houses and all kinds of things and multiple cars."

Kevin Lamarque/Reuters

Source: CNBC

See the rest of the story at Business Insider

See Also:

• Elon Musk is worth about $23 billion and has never taken a paycheck from Tesla — here's how the notorious workaholic and father of 5 makes and spends his fortune
• There are only 2 things you need to do to survive when stock prices are falling, according to Warren Buffett
• 5 signs you're probably not part of the middle class

SEE ALSO: 24 mind-blowing facts about Warren Buffett and his $87 billion fortune

DON'T MISS: Bill Gates is worth $95 billion and he plans to give most of it away — here's how he spends his money now, from a luxury car collection to incredible real estate

from Business Insider https://read.bi/2EYpbPR