Last year, there were 136 billionaires in New York City, and Warren Buffett was not one of them.

Buffett is the world’s fifth richest man, with a net worth of $113 billion, surpassing Microsoft co-founder Bill Gates, who has a net worth of $109.7 billion.

Many people on Forbes’ affluent list reside in New York City or San Francisco, which has been dubbed one of the worst places to live in, which is logical given that you need at least $404,332 per year to purchase a property there.

Buffett, 93, however, goes against the norm and has lived in Omaha, Nebraska, for the majority of his life.

His house is close to the headquarters of his firm, Berkshire Hathaway, which explains why he has lived there for the past 70 years.

The group controls dozens of businesses, including insurer Geico, battery manufacturer Duracell, and food chain Dairy Queen, which is how he became so wealthy.

Furthermore, the 93-year-old is an expert in stocks and shares, having begun investing at the age of 11 (which makes it all the more astonishing that he never migrated to America’s stock market capital of New York).

People are surprised not by the location of Buffett’s property but by the money he paid for it.

The now-multibillionaire bought his home in 1958 for $31,500, and it is still his lone piece of real estate.

Buffett has praised his house as one of his “best investments,” ranking third only behind his and his wife’s wedding bands.

The business magnate was married to Susan Thompson Buffett until her death in 2004.

He remarried two years later and is still married to his wife of 17 years, Astrid Henks.

According to Realtor.com, his property is now worth roughly $1,439,000 million, which is 44.44 times what he paid for it.

While Buffett considers his property to be a good investment, he believes he might have made more money if he had rented instead.

In a letter to Berkshire Hathaway shareholders in 2010, Buffett stated, “Home ownership makes sense for most Americans… All things considered, the purchase of my home was the third best investment I had made, although I would have made considerably more money had I instead leased and utilized the purchase money to buy stocks.”

I shudder to consider what ‘much more money’ means for the world’s fifth richest man…