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Billionaire Warren Buffett sells Laguna Beach home for $7.47 million

Inland Valley Daily Bulletin
Billionaire Warren Buffett sells Laguna Beach home for $7.47 million

Berkshire Hathaway CEO Warren Buffett has sold his ocean-view, six-bedroom house in Laguna Beach for $7.47 million. The 3,588-square-foot house in guard-gated Emerald Bay took a steep price cut recently. Buffett slashed $3.1 million off it in August 2018, bringing the asking price down to $7.9 million. The home was listed in February 2017 at $11 million. Buffett, 88, still came out fine. He’s owned the house since 1971, when he paid $150,000 for it. The Omaha, Neb. resident is the third richest man in the U.S. – after Jeff Bezos and Bill Gates –  and worth $88.3 billion, according to the latest Forbes list. The Emerald Bay house, which Buffett and his family used for vacations, was expected to