We all have a massive list of what we will do if we get a lot of money. But ever wondered what billionaires actually do with that much money? However, to your utter surprise, not all billionaires choose a lavish life; some are just happy with simple living. You will fall in love with the simple and easy living of these Billionaires.
Billionaires who have frugal money habit
1. Ingvar Kamprad (IKEA)
Ingvar Kamprad, a Swedish business magnate and founder of IKEA, is a stern believer of using money efficiently. He is still travelling in economy class and drives a 15-year-old car Volvo. He often goes out to cheap restaurants with his family.
2. David Green (Hobby Lobby)
David Green, the American businessman, is among the billionaires who want to be remembered for good causes than for his money. He is the founder of Hobby Lobby who is a chain of arts and crafts shops. Green is one of the well-known individuals who has made a substantial effort towards religious causes in America.
3. Warren Buffet (Berkshire Hathaway)
Though Warren Buffet is one of the wealthiest CEOs in the world, he chooses a simple life for himself. He still lives in his $31,500 house which he bought in 1958. Buffet begins his day with a cheap meal from McDonald’s. He even begged Washington DC to increase his taxes.
4. Jim C. Walton (Walmart and Arvest Bank)
Jim C. Walton, who has a net worth of $41.9 billion, belongs to one of the wealthiest families but has followed the simple footsteps of his father in his life. Jim still stays in Bentonville, Ark. He runs the family’s wealth management company from the upstairs office of an old brick building in downtown Bentonville.
5. Tony Hsieh (Zappos)
Another business tycoon, Tony Hsieh, is also a believer in low profile living. He is the CEO of the online shoe and clothing company Zappos. But before creating Zappos, he earned $265 million by selling his internet advertising network Link Exchange company to Microsoft in 1998. He then invested $350 million in building downtown Las Vegas into a technology hub. He says that he would be pleased with $1 in his pocket until he is around people who care about him.
6. Amancio Ortega (Zara)
This Spanish industrialist did not let his success get over his head. He lives a simple life with his wife in a distinct apartment in La Coruña, Spain. He regularly wears the same kind of uniform, blue blazer, white shirt and grey pants. This billionaire likes having lunch with his employees at the Zara cafeteria every day.
7. Mark Zuckerberg (Facebook)
Who does not know this man? The founder of Facebook has a shallow profile life. This billionaire owns several version of grey t-shirts which he wears every day at work. He even establishes Chan Zuckerberg Initiative where he provides health care and education to the needy.
8. Carlos Slim Helu (Chairman and CEO of Telmex)
Billionaires are needed to be workaholic, and Carlos Slim Helu is one of them. Slim, with his family, lives in a six-bedroom house for 30 years, and he even drives to work by himself.
9. Tim Cook (Apple)
The CEO of Apple Inc., Timothy Donald Cook is one of the wealthiest men in the earth. However, he also likes to live a simple life. He cherishes to stay in a peaceful surrounding because that reminds him of his origins. He is rich but still frugal.
10. Azim Premji (Wipro)
In spite of being one of India’s wealthiest men, Premji is still very down to earth and simple person. He still owns a 1996 Ford. Premji is such a prominent Industrialist but still every time he returns from a business trip; he takes auto rickshaws from the airport to get back to his home/office. Moreover, this multi-billionaire is also very practical as he always ensures that his employees use minimum toilet paper rolls and switch off the electricity when not in use.
So, guys these multi-billionaires always strike a balance between spending and saving. They are really practical and spend money according to their needs and not for just showing off to the people. They don’t spend money unnecessarily and have normal life like us.