Thursday, September 28, 2023

The Billionaire Men Who Save More Money Than You Think

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Shreya Christina
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Six of the top billionaires saving money they make in their daily lives. Oscar Wilde once said, “When I was young I thought money was the most important thing in the world. I know it’s true today.” But not every billionaire feels the same way, many of them have built huge fortunes over the years, but in their private lives they tend to be cheap, living in tiny houses, eating at fast food restaurants and not owning luxury cars.

Here are six billionaire men who are saving more money than we think, despite having a lot of money. They still like to keep a low profile.

Mark Zuckerberg

Since he created Facebook and bought Instagram, WhatsApp and other companies, his net worth is estimated to be around $71.5 billion. The CEO of Meta does not drive a Porsche. For years he toured California in a $31,500 VW Golf GTI, but increasingly he is seen in a Honda Fit, which is even cheaper.

Sometimes Mark Zuckerberg eats at McDonald’s sometimes. He too likes to wear T-shirts and jeans instead of expensive suits. The founder also does not need a huge luxury villa. When he bought his Palo Alto house in 2011, it cost him “only” $7 million. Compared to the prices of the houses of some Hollywood stars, this price is very low.

But even Mark Zuckerberg doesn’t have everything he wants. According to some news sources, he has finally fallen for a super sports car. He is said to have a Pagani Huayra in his garage worth $1.5 million. You must have fun.

Bill Gates

Bill Gates (founder of Microsoft) is a businessman who has made a lot of money. Bill Gates doesn’t wear diamond Rolex watches every day. After all, a $10 wristwatch can also tell the time. The founder of Microsoft is one of the richest people in the world. His estimated wealth is $125 billion, but he gives most of it away to charities and does his own dishes instead of paying someone else to do them.

In other ways too, the billionaire doesn’t value material things much: “I don’t like to spend a lot of money on clothes or jewelry.” But Bill Gates’ children must also learn to be humble, as they will only receive a “small portion” of their father’s billions.

Warren Buffet

Warren Buffet is the largest investor in Berkshire Hathaway. Warren Buffet is known for living a very simple life. He is one of the world’s richest people, with an estimated net worth of over $111 billion, but according to reports, he still lives in the house he bought in 1958 for just over $30,000. Buffett once told CNBC about his tiny house, “I wouldn’t trade it for anything.” Also the big investor known as the ‘Oracle of Omaha’ still has breakfast for two or three dollars at McDonald’s. Every morning his wife gives him the money.

Karl Albrecht and Theo (founders of Aldi)

Karl and Theo Albrecht made a lot of money with supermarket chain Aldi, but didn’t talk much about it, partly to maintain their privacy. They saved money in business and in their personal lives whenever they could.

It is said that even top management meetings were held in the dark to minimize electricity consumption and save money. Aldi has done very well in recent years due to its low prices. It has grown into one of the largest discounters in the world. So it’s still going strong, even though the founders are dead. The founders’ heirs received millions of dollars and the Aldi empire has almost no debt.

Amancio Ortega (founder of Zara)

Amancio Ortega has a fortune of about USD 58 billion, most of which comes from his Zara empire. He lives alone in a small apartment complex. Every day he has lunch with his employees in the company canteen and drinks coffee at a local coffee shop. Although the businessman has a very expensive private jet, he does not use it often.

Ingvar Kamprad (founder of IKEA)

IKEA founder Ingvar Kamprad has also not gone mad because of the success of his company. One of the richest people in Europe, who is worth an estimated CHF 37 billion, always sits in economy class on flights instead of taking his own plane. When he’s not taking the bus, he drives an old Volvo. Like Amancio Ortega, he eats in the company canteen. He also moved back to his old one-storey house in 2013 because he didn’t need a Porsche or a luxury villa.

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