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Warren Buffet has made headlines recently for his enormous gift of $50.5 billion, the largest charitable donation by an individual in U.S. history. He has always been an admired, sometimes revered tycoon, nicknamed the “Oracle of Omaha” by the press for his astute investing.

The interesting thing about this gift however, is that not having the money will mean little, if anything, to Buffet’s day-to-day life. Buffett is famous for his unpretentious lifestyle. He lives in the same house in Omaha he bought in 1958 for $43,000. His annual chairman’s salary from Berkshire Hathaway of $136,000 is modest by U.S. corporate standards.