Mark Zuckerberg is among the youngest billionaires in the world. He is only 28 years old and his net worth is $67.8 billion.
His wedding was held in his backyard. The couple was seen eating at an inexpensive restaurant while they were on their honeymoon in Italy.
Zuckerberg reportedly drives an Acura “because it’s safe and not ostentatious.”
If you notice one thing about this young billionaire, it is that he wears the same casual outfit every day. He wears the same gray t-shirt, jeans, and hoodie. GQ has named him “Worst Dressed Man of Silicon Valley.” His entire wardrobe probably costs less than $700, and it probably costs less than $200 a year to keep his wardrobe updated. Considering that the average American family spends around $1,700 a year on clothing, Zuckerberg definitely has the right idea on saving money.
The trappings of wealth have never impressed him. Zuckerberg announced that he would donate 99% of his Facebook shares during his lifetime.
Ingvar Kamprad is the founder of IKEA. His net worth is $23 billion.
Swede Ingvar Kamprad began with two empty hands to become one of the richest people in the world.
The Swedish furniture-maker prefers to live simply. Kamprad is one of the richest people in Europe, but you wouldn’t know it when flying next to him in economy class or eating lunch with him in Ikea’s cafeteria. He calls his employees ‘co-workers’ and encourages everyone to dress informally. He stays in cheap hotels. He drives a 15-year-old Volvo. His home in Switzerland was decorated mostly with inexpensive IKEA furniture.
Ingvar Kamprad still flies economy and often rides the bus. Arriving at a gala event to receive a Businessman Of The Year Award, he was at first refused entry by security because he had come off the bus. The security guard thought that it wasn’t really Mr. Kamprad; rather it was someone who pretended to be him so he could enter the gala since how could a rich man like Ingvar Kamprad ride a bus?
Rather than dining in expensive restaurants, he likes to drop in to one of his stores for a cheap meal of his favorite Swedish meatballs. Kamprad and his wife are often seen eating in inexpensive restaurants and haggling over prices at the market.
He prefers to do his shopping in the local market (always near closing time when vendors are more likely to drop their prices). Dressed in his scruffy coat, one would assume he was just another elderly man living on a tight budget rather than the fifth wealthiest entrepreneur in the world.
That is just how Ingvar Kamprad likes it. He regards luxury not merely as an indulgence but almost as a sin. In his memoir he wrote:
“We don’t need flashy cars, impressive titles, uniforms or other status symbols. We rely on our strength, and our will!”
Tony Hsieh is a CEO of Zappos. His net worth is $840 million.
After selling a company to Microsoft for $265 million, Tony Hsieh could have retired in luxury. Instead, he has invested $350 million of his own money into his online business.
And by all accounts his lifestyle hasn’t changed since his early days in business.
“Money is just a way for Tony to get to his endgame,” said Zappos investor. “Money just doesn’t matter to him. If he only had a million dollars left, he’d spend $999,999 to make business work. He would be just as happy with a dollar in the bank and being around people he cares about and care about him.”
Jim Walton is the son of the Wal-Mart Founder Sam Walton. His net worth is $35.5 billion.
He is the youngest among the siblings. Despite the fact that Jim came from a very wealthy family, he followed the simple ways of living of his father.
The youngest and most private of the Walton siblings, Jim still resides in Bentonville, Ark., where he runs the family’s personal wealth management company from the upstairs office of “a plain old brick building” in downtown Bentonville. He drives a 15-year-old Dodge Dakota.
Warren Buffett is the chairman and CEO of Berkshire Hathaway. He is well-known for being one of the most influential and richest people in the world. His net worth is $75.6 billion
Despite Warren Buffett being the second richest man in the world, he seems to possess the wise virtue of simplicity, something which is very rare in these days of materialism and complex living.
He doesn’t spend on gadgets or electronics and doesn’t even carry a mobile phone. He doesn’t even own a yacht and says that, “Most toys are just a pain in the neck.”
Buffett is also known for being generous to various charitable institutions. He has given billions of dollars to different foundations.
Warren Buffett still lives in the Omaha, Nebraska, home he bought for $31,500 more than 50 years ago. He bought a house he could afford, and has called it one of his best investments because, “my family and I gained 52 years of terrific memories with more to come.”
He never travels by private jet, although he owns the world’s largest private jet company.
When he got married, rather than a lavish affair, it was a brief afternoon wedding at his house in Omaha.
Most of us probably dream to become a billionaire someday. Who wouldn’t want to be one? Being a billionaire can give you the opportunity to travel around the world, be on expensive trips, buy almost anything you want, ride and acquire the most expensive car, yacht or even own a private jet.
But given the chances and opportunities to engage with such a luxurious lifestyle, there are some billionaires who chose to live a modest life themselves but give generously to others.
Being a billionaire doesn’t mean one must be an extravagant spender. One can still live a simple life and share the overflowing blessings to those who are in need.These billionaires are good examples that life can be lived in modest ways. Also, this can serve as a good reminder for all of us that we must not live beyond our means because too much, sometimes, is bad enough.
Charlie Ergen is a chairman of Dish Network. His net worth is $14.4 billion.
Charlie Ergen is a famous for living simply business leader, but he also nickels and dimes in his personal life.
Ergen has said that his being satisfied with little traces back to his mother’s childhood. “My mom grew up in the Depression, I don’t have a mahogany desk.”
The self-made billionaire packs a brown-bag lunch of a sandwich and Gatorade before work every day and, until recently, he shared hotel rooms with colleagues during travel.
Sergey Brin is a co-founder of Google. His net worth is $39.1 billion.
He learned to live a simple life because of his parents who really raised him well.
“From my parents, I certainly learned to live simply and to be happy without many things. It’s interesting—I still find myself not wanting to leave anything on the plate uneaten. I still look at prices. I try to force myself to do this less. But I was raised being happy with not so much.”
Judy Faulkner is a founder of Epic Systems. She is worth $2.5 billion
She is a press-shy software programmer built Epic–a private health care company that sells medical-records software–from the ground up, launching in 1979 with about $70,000 in capital.
Her company’s success has made her a multi billionaire, but the 72-year-old has never been one to splurge. According to reports, Faulkner has had only two cars in the past 15 years and has lived with her husband in the same Madison, Wisconsin, suburb for nearly three decades.
In a May 2015 letter announcing her Giving Pledge membership and a promise to donate half of her fortune to charity, Faulkner wrote, “I never had any personal desire to be a wealthy billionaire living lavishly,” and said that, instead, she’ll use her money to help others gain access to “food, warmth, shelter, healthcare, education.”
Chuck Feeney, is the co-founder of Duty Free Shoppers Group. His net worth is $2 million that’s because he has given away billions!
Over the last 30 years he’s crisscrossed the globe conducting operation to give away a $7.5 billion
A Depression-era veteran with a strict personal motto: “I set out to work hard, not get rich.”
The co-founder of Duty Free Shoppers has donated more than $4 billion to disadvantaged children and public health initiatives, all while going to great lengths to remain an anonymous donor.
“He has no ego . . . He always chooses the second-cheapest wine from the wine list,” according to his biographer, former Irish Times journalist Conor O’Clery. “When we traveled together he was always dressed like a down-at-heel American tourist.”