Warren Buffett is one of the most successful and revered investors of all time. The Oracle of Omaha, as he is commonly known, is renowned for his intellect, wisdom and a no-nonsense approach to life’s challenges.
Buffett’s investment strategies and success have made him a household name, but aside from his investing prowess, he is also known for his extravagant purchases. From jewelry to private jets, there is nothing Warren Buffett won’t buy if he believes it is worth the price.
In this article, we will take a look at five of the craziest things Warren Buffett has purchased, and explore why he is willing to spend millions on these items.
1. Borsheims: In 1989, Warren Buffett purchased Borsheims, an upscale jewelry store in Omaha, Nebraska. He reportedly bought it for $28.5 million, and it has since become a cornerstone of his Berkshire Hathaway empire. Why did he buy it? “I just couldn’t resist,” he once said.
2. Dale Chihuly Sculpture: Buffett is a fan of art, and in 2012, he splurged on a Dale Chihuly sculpture for his corporate headquarters. He reportedly paid around $5 million for the piece, which sits in the center of the building’s atrium.
3. NetJets: In 1998, Buffett purchased NetJets, a private jet rental company that allows fractional ownership of aircraft. He reportedly paid $725 million for it, and since then, NetJets has become a key asset for Berkshire Hathaway.
4. The Pampered Chef: Buffett has a history of investing in successful companies, and in 2002, he purchased The Pampered Chef for $900 million. The company is a direct seller of kitchen tools, and it has since grown to become one of Berkshire Hathaway’s most profitable subsidiaries.
5. The Washington Post: In 2013, Buffett shocked the media world by buying The Washington Post newspaper for $250 million. The purchase showed that even in the age of digital media, Buffett still sees value in traditional print journalism.
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Warren Buffett’s purchases may seem outlandish and excessive, but they also illustrate his belief in the power of investing in successful companies and products.
Whether he is buying jewelry or investing in airlines, Buffett always has an eye on the long-term, and his ability to see value where others do not is a fundamental part of his success.
As he once said, “Price is what you pay. Value is what you get.” And for Buffett, the value of his purchases is immeasurable.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Sources: Vocal Media, NY Post
Image courtesy of USA International Trade Administration