The Seventh Richest Person in the World, Warren Buffett Buys Only Used Cars, Drives a Damaged 2014 Car Despite Having a Net Worth of $118 Billion

Warren Buffett is the world’s seventh richest person, yet the multi-billionaire has shaken the rest of the world with the damaged 2014 vehicle he still drives.

With his kind of wealth, you’d imagine the successful investor to be driving around some of the most luxurious cars like the Bugatti Centodieci, Rolls-Royce Boat Tail, Lamborghini Aventador, Mercedes-Benz S-class, Tesla or any other luxury vehicles.

But, the vehicle of choice the mega-billionaire drives is none other than the 2014 Cadillac XTS which has been damaged. The 2014 Cadillac XTS produces 410 horsepower and has an optional turbocharged V6. The vehicle can also be switched to electric power steering and offers a self-parking system and a new DVD/Blu-ray rear entertainment system with dual screens.

The 2014 Cadillac XTS also has a spacious interior made with quality materials, an impressive number of high-tech features, and is also available in all-wheel drive. The Cadillac is one vehicle highly loved by many older billionaires. For instance, President Tinubu had a series of Cadillac before joining office.

While some other billionaires show off their wealth and success through expensive cars, Warren Buffet is more of a lowkey mega-billionaire. Interestingly, it’s this lowkey lifestyle that has allowed him to acquire so much wealth today.

His focus is on seeking value in all aspects of life, not just business and investments. But when it comes to cars. He notes that new cars easily depreciate and instead opt for used cars that are sold for lesser amounts.

In 2015, he revealed that he only drives around 3,500 miles per year, so he sees no need to replace his car often. 

The billionaire drove his 2001 Lincoln Town Car for 10 years, before auctioning it off for charity and replacing it with a 2006 Cadillac DTS. He drove that one for eight years, and then purchased the used 2014 Cadillac XTS.