Up until recently, when he donated most of his wealth to charity, Warren Buffett was the richest man on the face of the earth. If you had a net worth of more than $60,000,000,000 you would think your credit score would be perfect. Not the case with good old Warren – his FICO score was only 718. While this isn’t a bad score, it’s certainly around average.
Why would he only score 718? Simple. FICO is not based on income, but rather your credit history. If Warren never had a car payment or a mortgage, what is there to base it off of?
Gosh, if for no other reason, you would have thought such a penny-pinching wise man would have used reward credit cards for the cashback and airline miles if for no other reason. :p