Here are ten current day billionaires who practise thrifty lifestyles.
1. John Caudwell
A cellphone billionaire, John cuts his own hair and buys suits off the rack.
2. Warren Buffett
3. Azim Premji
An East Indian tycoon, his cooking oil business is worth 12.7 billion. And yet Azim recently traded in his Ford Escort of 8 years for a Toyota Corolla. He flies economy class and stays at budget hotels.
4. Ingvar Kamprad
The IKEA founder, worth $31 billion, wears denim shirts and drives a 1993 Volvo.
5. Carlos Slim
Worth $53 billion, he has lived in the same house for 40 years. He does not own a yacht or a plane.
6. Check Feeney
Much of his Duty Free Shoppers fortune he has donated to Atlantic Philanthropies. He flies economy class, frequents retail stores for clothes and made his teenage children earn their keep by getting summer jobs.
7. Frederik Meijer
His grocery store chain is valued at $5 billion and yet he drives reasonably priced cars and stays at affordable motels. Like Feeney, Meijer gives a lot back to his community.
8. David Cheriton
He owns a chunk of Google stock and yet he bikes to work and drives a Volkswagen or Honda for longer trips. He also cuts his own hair.
9. Jim Walton
The Walmart owner is worth $16 billion and yet he drives a Dodge truck.
10. Richard Kinder
The former Enron President is worth $3.5 billion and yet he flies coach on business trips.