Warren Buffett Net Worth

What is Warren Buffett's net worth? Warren Buffett is the third richest man in the world with a net worth of $45 billion. There's no such thing as a free suit, unless of course you are the world's second richest man. 78 year-old Warren Buffett is making headlines for his love of suits custom-made by the Chinese company Trands Co. He's not the only powerful guy sporting Trands: Chinese President Hu Jintao and billionaire Bill Gates are also big fans of the brand. The Oracle of Omaha and CEO of financial powerhouse Berkshire Hathaway recently made a video commemorating the apparel company's 30th anniversary and took the opportunity to gush about his nine Trands suits. The best part? Even though the cheapest Trands suit costs $880, Buffet hasn't paid a dime for his wardrobe though he claims he has asked for a bill. It's not a bad investment for Trands' founder and Buffett gal-pal Li Guilian, whose stock has risen 70% since the video went public on September 10. Has the global financial crisis reduced financier Buffett to doing infomercials in exchange for some new threads? Don't you worry about Warren - even after losing $25 billion in the last twelve months, he still has about $45 billion to throw around. And that money goes a long way when you are as frugal as Mr. Buffett. He still lives in the same Omaha house he bought 50 years ago for $31,500, he drives himself to work in a Cadillac and his biggest vices are Cherry Coke and playing bridge. To celebrate his 2006 wedding to second wife Astrid Menks, the third richest person in the world took his blushing bride to the local branch of seafood chain Bonefish Grill. Before you develop a crush on the cute spending habits of Mr. Buffett, it should be noted that the guy has a salacious side. Buffett and his first wife separated but did not officially divorce for years and during their separation Warren began living with his ex's best friend. But there is no bad blood between the women. The trio even sent out thank you notes and Christmas Cards together. Buffett also has an unhealthy obsession with CNBC correspondent Becky Quick, who is 40 years his junior. Their don-air flirtations during frequent interviews have sparked numerous rumors about a Quick-Buffett love child. Warren Buffett has pledged to give away 99% of his net worth to charity in his lifetime and after his death. 83% of the money will go to The Bill and Melinda Gates foundation. That equates to roughly $31 billion which makes it the largest charitable gift in human history. Buffett's philanthropy has inspired other billionaires to pledge at least 50% of their net worths to charity in their lifetimes, a truly remarkable accomplishment. Related Warren Buffet net worth articles: How Much Money did Warren Buffett Make in 2010? The 30 Richest Americans Of All Time - Inflation Adjusted