Mr. Buffett, the 88-year-old Berkshire Hathaway chairman nicknamed “the Oracle of Omaha,” first put the home on the market for $11 million in February 2017. He cut the asking price to $7.9 million in late August in a bid to spur interest. Don’t feel too badly for him: The businessman paid $150,000 for the home in the early 1970s.
His agent, Bill Dolby of Villa Real Estate, declined to comment on the identity of the buyer.
Mr. Buffett previously told The Wall Street Journal he was selling because he wasn’t spending time at the property. He bought the home because his first wife Susan fell in love with it; since she died in 2004, he rarely visits. He also recalled having written Berkshire Hathaway annual reports there during Christmas vacations and when visiting Disneyland with his children.
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