Billionaires who can spend millions on themselves and still not feel a pinch choose to lead a simple style. The reasons could be many ranging from habit to simple lifestyle. They are an example for all of us. Most ordinary people love to show off branded bags, large houses, and are living in a debt. Ladies don’t like repeating the same outfit for stupid reasons. People are borrowing clothes, borrowing money just to show that they have a lot. And here are some multi millionaires who choose to have a frugal style.
Net worth: $16.5 Billion
Azim Premzi is famous for his frugal lifestyle. He is known to fly economy class and stay in budgeted hotels. He drove Ford Escort for many years, before upgrading to Toyota Corolla!
Narayana Murthy : 2 Billion
Net worth: $2 Billion
He still stays in the same house that he was staying in when he had started Infosys. He used to stay in the guesthouses of Infosys while traveling, like his employees. He comes across as a common man, his clothes are ordinary, his lifestyle simple.
Net worth: $60 Billion
He stays in the same house that he bought decades ago, eats at Burger King. He said in an annual shareholders meeting- “ I don’t think standard of living equates with cost of living beyond a certain point. Good housing, good health, good food, good transport. There’s a point you start getting inverse correlation between wealth and quality of life. My life couldn’t be happier. In fact, it’d be worse if I had six or eight houses. So, I have everything I need to have, and I don’t need any more because it doesn’t make a difference after a point. When you get to 10 times or 100 times or 1,000 times, it doesn’t make a difference [in quality of life].”
Carlos Slim Helu
Net worth: $23.5 billion
The richest man of Mexico drives his old Mercedez Benz and is living in the same house since last forty years. The son of a poor Lebanese immigrant, he still keeps the ledgers in which his father made him note down his management of his weekly five pesos pocket money. (He still prefers paper and pen, does not use a computer and insists that advisers confine their briefings to one sheet of paper.)
Net worth: $42.8 billion
The youngest billionaire is known for his cheap lifestyle. The founder of Facebook wears simple T-shirt, hoodie, and jeans uniform daily.
“I really want to clear my life to make it so that I have to make as few decisions as possible about anything except how to best serve this community,” Zuckerberg said.
One of the lessons to be learnt here is to live within and under your means. There is absolutely no need to show off especially when means are limited. People who lead debt free life sleep peacefully.