dcsimg

Warren Buffett’s Credit Score

Written by admin - 18 Comments

Hmmm… This is kind of interesting. According to a recent issue of Fortune magazine, billionaire investor Warren Buffett’s FICO credit score is just 718. While this is far from a bad credit score, it’s interesting that the credit bureaus consider the Oracle of Omaha to be a bigger credit risk than little old me.

Perhaps Buffet should start working to improve his credit score. At the very least, he should probably familiarize himself with the factors that influence your credit score. :)

Share and Enjoy:
  • del.icio.us
  • Digg
  • Facebook
  • LinkedIn
  • Twitter
  • Yahoo! Buzz

Comments (scroll down to add your own):

  1. Ha ha! That’s funny. Thanks for posting!

    Comment by JB — Mar 31st 2008 @ 1:53 pm
  2. I’m fairly certain Buffet couldn’t care less was FICO says he’s worth. If wants to know that he could just pick up a recent Forbes magazine with his face on the cover!

    Comment by Frugal Dad — Apr 1st 2008 @ 12:41 pm
  3. With Buffet’s score, you wonder how the credit agencies come up with their scores.

    Comment by Allan — Apr 1st 2008 @ 11:23 pm
  4. “Give me a perfect score or I’ll buy you.”

    Comment by mbhunter — Apr 2nd 2008 @ 1:25 am
  5. After I paid off my house, Capital One Bank canceled my visa. Why? Because my debt to credit ratios went down do to paying off the loan for my home.

    There I was with more money each and every month and no debt except $7,000 on a student loan at $80 per month and $3,000 left on a car loan at $260 per month. That was it and I was a bad credit risk.

    The next month Capital One sent me an application for a visa with a limit for the same amount but 0% for one year.

    Go figure. First they let me go then they want to give me money with out rent.

    I’ll go back but I want a free round trip ticket anywhere in the USA.

    Comment by Biff Tanner — Apr 3rd 2008 @ 1:51 am
  6. Wow,

    The credit companies were actually dumb enough to post a billionaires credit score.

    The credibility of those companies was low before, now I really wonder where they get their scores. My guess would be they use a random number generator

    Comment by djames — Apr 14th 2008 @ 1:46 pm
  7. it’s probably because he doesn’t have much personal debt and because he doesn’t have a wide variety of personal debt. it makes sense that his score wouldn’t be perfect.

    Comment by Tim — Dec 4th 2008 @ 5:36 am
  8. Mr.buffets HAS PROBABLY ENOUGH MONEY TO BUY YES TO BUY ALL THE B.S. CREDIT SCORES COMPANY,AND COME NOW WITH THAT LAME SCORE,FOR ALL OF US THAT IS HARD TO MAKE END MEET,BETWEEN PAYING RIGHT OR GET REPORTED TO THE CREDIT BUREAU.I DONT BUY THIS !!!!!!!!! DO YOU!!!!

    Comment by luis — Feb 27th 2010 @ 7:46 pm
  9. I’d trade WB his money for my considerably better credit score anytime! LOL!

    Comment by christine — Feb 27th 2010 @ 8:48 pm
  10. This shows you how inacurate the credit bureau is!!!!

    Comment by Bryan — Feb 27th 2010 @ 9:19 pm
  11. I guess thats why we gave out bad loans. Credit bureau isnt accurate!!!!!!

    Comment by Bryan — Feb 27th 2010 @ 9:29 pm
  12. A FICO “credit score” is really a way to show how much debt you have. A true way to show someone’s net worth is to use a debt-to-equity ratio. I am surprised that Warren Buffet’s FICO credit score is so high. I have absolutly no debt (my house is even paid off) and I do not have a FICO score. This is the reason our financial institutions are in so much trouble. They don’t even know how to handle money.

    Comment by Greg — Feb 27th 2010 @ 9:39 pm
  13. His score is low because ALL credit scoring systems have no way to evaluate an individual’s WEALTH or INCOME. Mr. Buffet’s income from wages is relatively small…maybe $100K a year or so. The credit score is based on factors that Mr. B has no interest in fixing: having a home loan, having revolving credit that isn’t being rolled from month to month, or having a car note. He probably has an Amex Centurion card (due in full each month) and maybe a GEICO credit card (ha!) and that’s it. So no 800 score for the Boss.

    Comment by Max A Million — Feb 27th 2010 @ 10:17 pm
  14. This is a stupid thing to even be writing about, but he doesn’t need credit. So, why would he really have a super high credit score? Why pay interest when you don’t have to? Who cares about his credit score? Credit only stresses people out and makes them live outside their means. You do not need credit to make a happy comfortable life in this world. You are probably more secure without it. So, why does everyone expect the entire world has massive debt.

    This is what cause the whole economy to go down the tubes. This line of thinking about credit. Why don’t you try saving your money for what you want? It is really simple. Just don’t buy all dumb things you think you need but don’t. Then you too can live a who the F*** cares what my credit score is life.

    I find it amusing how people judge others by their credit score. Seriously I have no clue what my score is and don’t really care. I pay my bills on time. I have a cell phone. I have everything I want. I pay cash for my cars. I splurge here and there on a nice dinner.
    But, I never use credit cards. I don’t need them.

    You see here is where the problem lies. The credit propaganda has made people believe they need credit. Right now you can buy a house even with out credit save your money for a few years and see what you have. Imagine living a debt free life. Where you don’t need credit.

    You see this is what the credit card distributors want is people to think they need credit. That mentality is what makes them millions every month. So, maybe instead following along blindly with the pack you should reevalute your line of thinking where this matter is concerned.

    Comment by mandy — Feb 28th 2010 @ 1:00 am
  15. Credit score isn’t the only thing that determines your purchase power or ability to get approved for new credit. Other factors include: highest credit limit, types of credit (loan, credit card, mortgage, etc), and length of credit history. Even though Buffet may have a lower score because he doesn’t care about his utilization ratios (one example), he probably has VERY high limit cards and over half a century of credit history.

    Comment by Basil Siddiqui — Oct 15th 2010 @ 7:38 pm
  16. Wow, this was amusing especially the comments posted on here! I’m sure that with all of Buffet’s money, I’m sure that he doesn’t really care what his credit score is and probably would find this information to be quite amusing to say the very least!!! The man has enough $$$ to buy whatever he or any of us other normal folks could ever possibly want and more! However he’s known to be quite conservative when it comes to lavishousness, so it makes it all the more amusing to see stories such as this. :)

    Comment by RoTimi Waddy — Jan 14th 2011 @ 2:38 am
  17. something is very very wrong.with the people that got us into this mess are holding the country back with such illogical scoring. anyone can get an 800 plus score but getting a dozen credit cards and paying them off within a year. Somebody with 10 million dollars in the bank who lives on 50-thousand dollars a year scores low and can’t buy a house. This MBA mentality is ruining the country. PLEASE STOP!!!!!!

    Comment by william deane — Jan 28th 2011 @ 11:33 am
  18. He probably has a low score because his credit utilization is so low. He has the money to buy whatever he wants, why would he pay interest? Credit utilization and length of open accounts impacts your score. These are just a couple of the flaws with the FICO system. Pay off debt quickly and not being heavily reliant on credit actually hurts your score. Also, applying for credit to see if you qualify for the lowest interest rates hurts your score. Those are called hard inquiries. FICO is a bogus system.

    Comment by Matt — Jul 23rd 2011 @ 5:07 am

Leave a comment

Subscribe without commenting

Get free updates...

Articles via e-mail:

Search this site...

Sponsors...


Credit card resources...


Recent articles...

Recent comments...

  • Carol J. Henry: Meade & Assoc.has already been paid off for ER Physicians...
  • Leigh: Title says 35 secrets, but there is only 10…?
  • George: Personally, I think that credit cards should be paid off first since...
  • John: Hi , could someone tell me how much my credit card is worth ,, I have a...
  • mark Kesler: Where is the link to sign up online? I can’t find an...
  • teresa swett: my business was needing IRS 1040 – Schedule E earlier...
  • Marie: Hello, I have vintage credit cards I would say from the 1960’s...
  • 118 118 Money: Get more information about how 118 118 money loans work : Who...

Most talked about...

Disclaimer...

    The terms of third-party offers referenced on this website are subject to change without notice. While we strive to maintain timely and accurate information, offer details may be out of date. Visitors should thus verify the terms of any such offers prior to participating in them. Please see our terms of service for additional details.