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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTop Secrets of Penny-Pinching Billionaires:
Billionaire and cheap.
Those are two words you dont often see together but the frugal billionaire is a more common phenomenon than you might think.
From John D. Rockefeller who made his only son wear his big sisters hand-me-downs to Warren Buffett, who still lives in the Omaha, Nebraska home he purchased for $31,000 in 1955, billionaires have long shown us you dont have to spend the money that you make.
The Daily Ticker brings you four of the thriftiest billionaires around today:
1. Azim Premji
Premji is the founder of Bangalore-based Wipro (WIT) and worth $17 billion, according to Forbes. The Indian tech titan reportedly monitors the number of toilet paper rolls used in Wipro facilities. And according to India Today, he used paper plates at his sons wedding to save money.
http://finance.yahoo.com/blogs/daily-ticker/top-secrets-penny-pinching-billionaires-warren-buffett-company-215640350.html
Actually, this makes me think better of those on the list (execpt for the first guy's toilet paper monitoring) as most of thier cheapness affects them, and not others.
GoneFishin
(5,217 posts)do to faceless, nameless strangers for money.
joeybee12
(56,177 posts)So the more he's frugal, the more he can give.