Some Frugal Billionaire

by admin on April 4, 2010

Big spending and billionaire are almost synonymous. World most billionaires are famous for their careless spending like having luxury yacht, private jet or a posh home. But it may sound bizarre that at least some world top richest persons are famous for their frugality and make example for others.

Carlos Slim

A man who toppled bill gates in recent times by amassing $53 billion fortune just little more than gates. A man from Mexico who lives in same house for more than 40 years. Even he has no yacht or private jet. Could you believe it?

Warren Buffett

May carols slim follows warren buffet. Warren buffet another richest person well known for shrewd investor. He has an estimated $47 billion wealth. Buffet is more famous for his frugality than wealth.  He and his wife still live in their modest home in Omaha, Nebraska which they purchased for just $31,500 more than 50 years ago. He thinks a yacht is just like a annoying toys.

Ingvar Kamprad

Ingvar Kamprad, owner of legendary Swedish furniture named Ikea. Ikea success secret is providing furniture in affordable cost.  Kamprad believes that saving money or frugality has a unique personal value. He still uses public transport or fly in business class. Even he drives his 15 year old Volvo till now.

Chuck Feeney

Chuck Feeney, an Irish – American billionaire and philanthropist. Mainly famous for his frugality and must for his big donation in different charity. His first priority is working hard not luster for money. He only spends if it’s needed. He is a regular user of public transportation, flies economy class, and buys clothes from retail stores. Even his children do the same normal summer jobs as most teens.

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