Man with $3b car collection is less rich than man who drives hail-damaged car

The fact that Warren Buffett, a man who drives a hail-damaged car every day, is richer than the Sultan of Brunei, who owns $3 billion worth of cars, is further proof of how different people do things differently.

Especially when it comes to finance and personal wealth.

It may sound like a weird and silly comparison, especially since they’ve obviously earned their fortune in totally different ways, but it’s a good example of how ‘being rich’ is sometimes a matter of perspective.

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Warren Buffett is extremely rich but acts like he’s poor

Warren Buffett is a permanent ‘resident’ of Forbes’ top 10 list.

He’s been on that list for about two decades.

In 2008, he was briefly the richest person in the world whereas now, at the time of writing, according to Forbes, he’s ‘only’ the eighth richest person in the world, with a net worth of $134 billion.

And yet, Buffett doesn’t spend money on…anything, it seems.

He does spend a lot of cash on personal security, like other well-known CEOs and businesspeople, but other than that, he seemingly keeps his pennies in his pocket.

This explains why his daily driver is a hail-damaged 2014 Cadillac XTS.

The vast car collection of the Sultan of Brunei

By contrast, the Sultan of Brunei owns around 7,000 cars.

His car collection is worth well over $3 billion, chiefly because, among those 7,000 vehicles, the Sultan has 500 Rolls-Royce vehicles and 300 Ferraris, including some one-off and limited-edition models such as the FX below.

He keeps most of those cars at his official residence, the Istana Nural Iman Palace, a massive property spanning two million square feet and comprising five swimming pools, 257 baths, 1,700+ rooms and 110 garages.

The palace cost around $1.5 billion to build, 40 years ago, and it is currently valued at over $2 billion.

As is often the case in some countries, the line between private and public property when it comes to government buildings is very thin, so this building exists in that particular grey area.

It’s not private property, but it’s not public property, either.