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Mangesh
Billionaire Cheapskates!
by Mangesh - November 28, 2007 - 12:09 PM

billy_02.jpgForbes has a terrific gallery of billionaires who live (somewhat) modestly. My favorites on the list are Ikea’s Ingvar Kamprad (pictured here, and worth an astounding $33 billion) who flies coach, drives a ‘93 Volvo, and furnishes his home with Ikea stuff; and Wipro’s Azim Premji (worth $17.1 billion) who drives a Corolla, walks to work, wears non-branded suits and stays in budget hotels when traveling. Click here to view it. And if you like info on billionaires, you might enjoy Jason English’s great post on billionaire sports owners and how they made their money.

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Comments (4)

  1. I love the quote at the end of the Forbes article. It changed my perspective on the word frugal.

    ‘(David) Cheriton cited the Wikipedia definition of frugality: “The acquiring of and resourceful use of economic goods and services in order to achieve lasting and more fulfilling goals.” He says, “That’s certainly something I aspire to.”‘

    posted by Trena on 11-28-2007 at 1:49 pm

  2. I love this guy. Sam Walton of Walmart fame drove a beat-up old pickup truck.

    posted by Jerry on 11-28-2007 at 3:34 pm

  3. I find it so refreshing to hear the super wealthy who live like ‘normal’ human beings…after seeing excess so many famous people flaunt, its nice to know someone who’s worth 33 billion drives a car older than mine…

    posted by donner on 11-28-2007 at 11:24 pm

  4. Well Duh! How do you think they got rich to begin with? They didn’t spend it all!

    posted by Scott on 11-29-2007 at 11:40 am

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