Warren Buffett Charges His Son Rent—Based on His Weight?!

Benzinga

Warren Buffett charges his son Howard Buffett rent to farm their family land, with the unique twist that the rent is based on Howard's weight. Howard, who manages 2000 acres in Nebraska and Illinois and is worth hundreds of millions, pays 26% of gross income if he weighs over 182.5 pounds and 22% if under. This approach is meant to promote health and financial discipline. Despite being a billionaire's heir, Howard works hard, having a background in construction and now fighting global food insecurity through his foundation. This strategy reflects Buffett's belief in earning wealth.

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00:00Warren Buffett charges his son rent to farm his land, and the more he weighs, the more he pays.

00:05Yes, it's the Buffett version of Weight Watchers. Howard Buffett manages nearly 2,000 acres across

00:10Nebraska and Illinois. He's worth hundreds of millions, but still pays rent to his dad.

00:14And that rent, it's based on his weight. Over 182.5 pounds, he pays 26% of gross income. Under

00:20that, he gets a discount at 22%. Buffett says it's about health and financial discipline,

00:25but even at the lower rate, Warren still earns more than most landlords. Howard's no spoiled

00:29heir. He dug basements, sold stock to launch a construction business, and now fights hunger

00:34through his foundation, spending $50 million a year battling food insecurity globally.

00:38He might be the only billionaire's son whose lease is both financial strategy and weight

00:42loss plan, while other heirs lounge on yachts, Howard's out farming, and watching the scale.

00:47Buffett's legacy isn't just wealth. It's how he raised kids to earn it. Would you pay rent based

00:52on your weight? Follow Benzinga for more stories that reveal the human side of wealth and finance.

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