Revealed! Does Warren Buffett keep cash in his wallet? If yes, then how much?
In an interview to Yahoo Finance, Buffett claimed that he keeps $400 in his wallet. Buffett said that he carries around $400 with him. His wife, Astrid Buffett likes to use cash.
Warren Buffett, one of the world's richest investors, has a net worth of nearly $89 billion, according to Forbes. He is super famous for his investment tips, stock picking art and intellectual speeches. While CEO and Chairman of Berkshire Hathaway is also famous for spending only $3 a day on breakfast, according to CNBC. But the question of the year is, how much money does Buffett keep in his wallet? In an interview to Yahoo Finance, Buffett claimed that he keeps $400 in his wallet. Buffett said that he carries around $400 with him. His wife, Astrid Buffett likes to use cash, so he would just take home a chunk of cash every now and then and she doles it out. Buffett added that his wife looks at his billfold and sees whether all the 100s are gone.
Buffett’s tendency to use cash puts him in the minority among Americans as according to survey done by PEW Research Center in 2018, only 18 per cent made 'all or almost all of their purchases' with cash. While about half, i.e 52 per cent of Americans made 'some' of their purchases with cash and 29 per cent made 'none' of their purchases with cash.
Buffett also said that he uses cash 98% of the time and even if he is in a restaurant, he would always pay cash and finds it much easier. But the big investor keeps one credit card with him and carries an American Express card since 1964.
While the world is moving towards the digital economy and cashless transactions, but Buffett still likes to pay through cash as he finds it much easier. Paying through cash actually can save you tons of money, as it holds you back of spending on unwanted stuff.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

'Bengaluru, absolute traffic hell...: City's congestion worsens as HSR Layout flyover shuts for metro work, netizens irked

Gratuity Calculation: What will be your gratuity on Rs 40,000 last-drawn basic salary and 5.2 years of service?

SBI 3-year FD vs SBI 5-year FD: Know which fixed deposit scheme can give you higher returns on Rs 2 lakh, Rs 4 lakh, Rs 6 lakh investments

8th Pay Commission: Can basic pension cross Rs 3 lakh mark in new pay commission? See calculations to know its possibility?

SBI 444-day FD vs Central Bank of India 444-day FD: Which can provide higher maturity on Rs 5,00,000, Rs 7,00,000 & Rs 10,00,000 deposits?

UPS vs NPS vs OPS: Last drawn basic pay Rs 100,000; pensionable service of 30 years; what can be your monthly pension in each?

Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 35,000, or Rs 50,000? Know what can be your total pension as per latest DR rates
06:01 PM IST