Billionaires Who Are Incredibly Frugal And Thrifty!

The lifestyle of a billionaire may seem to be one full of luxury and over the top indulgence, but for many billionaires who have grown up with more frugal values, their everyday lives are quite different. These individuals have made their fortunes through hard work, smart investments and a desire to live within their means. Many of these frugal billionaires continue to lead modest lifestyles that focus on giving back and living intentionally.

Warren Buffett

Take Warren Buffett as an example. The third richest man in the world is known for his thriftiness. According to The Wall Street Journal, he still lives in the same five-bedroom stucco house in Omaha that he bought in 1958 for $31,500. He famously drives himself around town in an eight-year-old Cadillac XTS and prefers not to fly private jets or stay at expensive resorts when traveling abroad.

John Griffiths/Pexels | Buffett still drives his Cadillac which is 8 years old.

Bill Gates

Bill Gates is another billionaire who has adopted a frugal way of life. Though he could easily afford it, Gates chooses to fly coach when traveling by air, often sitting amid the general public rather than splurging on first-class tickets or private jets. He reportedly drives a Porsche 959 sports car from 1987 and is also said to buy his clothes from discount stores like Kmart and Target rather than spending thousands on designer labels. 

Mark Zuckerberg

Billionaire Mark Zuckerberg’s approach to money reflects his humble upbringing as well as his dedication towards helping others. He wears only one type of t-shirt (a gray Hanes hoodie) which he buys from Walmart for less than $20 each so that he doesn’t need to worry about what he will wear day-to-day which allows him more time to focus on running his company Facebook Inc., which is now worth billions of dollars! Zuckerberg also famously donated 99 percent of his Facebook stocks–worth around $45 billion–to charities throughout his lifetime.

Tobias Dziuba/Pexels | Mark Zuckerberg is one of the co-founders of Facebook

Conclusion

These examples show us that although having extraordinary wealth can open up countless possibilities, it doesn’t necessarily mean you have to give into every whim or extravagance you can think of; many billionaires have adopted frugal lifestyles so they can focus on making wise investments with their wealth or give back through philanthropic causes without being weighed down by materialism or unnecessary expenses. By living intentionally and being mindful with their money, these billionaires are able to demonstrate that true wealth comes from how we use our resources wisely rather than how much money we possess.

Alexander Mils/Pexels | these billionaires choose to live an economical life so that they can put all their focus into making good investment decisions