A lot of regular people like to daydream about what it would be like to be a billionaire. We’ve all had discussions with our friends about what we would do with a billion dollars. Some would buy yachts and private jets, while others would just kick back and spend the rest of their days in some of the biggest mansions on the planet. But, while we’re all thinking about what it’s like to be a billionaire, we don’t even realize that maybe we’re spending our days in the exact same way as extremely rich people.
The thing is, most of the people on this list are simply in love with their job; and when you’re really passionate about what you do, chances are that you’re going to be good at it. This is why people like this don’t really feel the need to spend money in order to feel better – they feel awesome whenever they get some work done.
It is a popular business theory that if your only objective is to make money when you start working, you’re never going to be successful at your job. You should always choose a job you can be passionate about, even if the pay isn’t good. Knowing how to be appreciative of the things you have is a greater fortune than having all the money in the world.
Some of the richest people in the world have figured this out, so they never feel the need to splurge. We present you with 10 extremely rich people who lead a modest lifestyle.
10. Tony Hsieh
Tony Hsieh may not be as rich as the other people you’ll find on this list (he has a current net worth of $840 million), but he still deserves to be mentioned due to his extreme modesty. He is a 41-year-old internet entrepreneur who got his start by selling his internet advertising network LinkExchange to Microsoft for $265 million. After that, he founded Zappos, an online clothing and shoe store. Tony invested more than $350 million so that downtown Las Vegas would be transformed into a tech hub. People say that he simply never cared about money. All that matters to him is that he is surrounded by the people he cares about.
9. David Cheriton
David Cheriton is a professor at Stanford University. But, when he’s not teaching classes, he is investing in various tech companies. He made his most notable investment in 1998, when he gave $100,000 to two of his students for their startup company. That startup company was Google. He made over a billion dollars from that investment alone, but he still refuses to buy a nice car or a large house. He lives in a house that he owned for 30 years, claiming that he doesn’t understand why people always need to buy new things. His current net worth is $2.8 billion.
8. Ingvar Kamprad
Ingvar Kamprad is a business magnate from a small town in Sweden, known for being the founder of the popular multinational group of companies IKEA, which he founded when he was only 17 years old. He was always interested in business. As a kid, he would often go to Stockholm to buy matches in bulk for a cheap price, and then return to his town and sell the packages individually at a higher price. This is how he made his first profit. Now, this 89-year-old businessman is worth $3.3 billion. Nevertheless, he never enjoyed spending a lot of money. He always ate at cheap restaurants, haggled over prices at the local markets, and always flew economy class.
7. Chuck Feeney
Chuck Feeney is a very successful Irish-American businessman, born in 1931. What’s interesting about him is that his current net worth is around $2 million, but only because he has given over $7.5 billion during the last 30 years. He is a known philanthropist, and his money is currently being spent on improving science, education, civil rights, and health care in the United States, Ireland, and four other countries. He earned his fortune by being the co-founder of the Duty Free Shoppers Group. He said that when he started working, his only objective was to work hard, not to get rich. This is why he has absolutely no problem with giving away his money. He lives a modest life, doesn’t own expensive clothes, and always orders the second cheapest wine when he’s at a restaurant.
6. Azim Premji
Azim Premji is a business tycoon from India, who managed to earn his fortune by being the chairman of Wipro Limited, a multinational IT consulting company. The company was founded by Azim’s father Mohamed. Azim now owns 75% of Wipro and is currently among the 100 richest people in the world, with a net worth $17.4 billion. However, his lifestyle is far from lavish. He always flies economy class, and drives a 10-year-old Honda City. He is known for giving away more than a quarter of the money he made, and says that he will continue to donate even more money.
5. Mark Zuckerberg
Almost everybody is familiar with Mark Zuckerberg. Although he is only 30 years old, he is currently ranked as the 15th richest man in the world, with a net worth of $35.5 billion. He made his fortune by creating (along with four other people) the world’s most popular social networking website – Facebook. However, all that money doesn’t have much of an effect on this young entrepreneur. He wears the same hoodie and gray t-shirt every day, and he drives an Acura. The only expensive thing he ever bought was a house in Palo Alto, California that set him back $7 million. But, considering how much he’s worth, the money for the house was pocket change for him.
4. Jim C. Walton
Jim Walton is the 11th richest man in the world, with a net worth of $37.3 billion. He is the youngest son of Sam Walton, the man who founded Walmart – the largest retailer in the world. Jim lives his life by following the same philosophy as his father, which is that you need to stay humble and frugal no matter how much money you earn. Walton drives an old Dodge Dakota, and has an office in a plain old brick building in Arkansas.
3. Christy Walton
Christy Walton is currently the ninth richest person in the world, with a net worth of $38.8 billion. Her father-in-law is Sam Walton, the founder of Walmart. She was married to John T. Walton, who died in a plane crash nearly 10 years ago. His net worth before his death was $18.2 billion, all of which he left to his wife and son. Christy was always known for her philanthropic activity, having donated a lot of money to the University of Arkansas, as well as a few other universities. She never experienced the lavish lifestyle her money can afford, because she wanted her son to have a normal upbringing. She even donated her house after her husband died.
2. Warren Buffett
Buffett is known for living a modest life. He is the third richest man in the world, with a net worth of $69.6 billion. Warren was the most successful investor of the last century, known for his work ethic and philanthropy. Money is clearly not important to him, as he lives in a house that he bought over 50 years ago for $31,500. He doesn’t own a yacht or a plane (or even a mobile phone!), and was never fond of giving money to his children because he wanted them to be financially independent. He made his first investment at the age of 11, and although he is 84 now, he still goes to work every day, simply because he never lost his passion for investing.
1. Carlos Slim Helu
Carlos Slim is currently the second richest man in the world, with a net worth of $75.8 billion. He is a very successful investor (people call him the “Warren Buffett of Mexico”), who accumulated his fortune by having shares in a large number of Mexican companies. He is also the owner of the successful Grupo Carso conglomerate. But, he never really saw the reason for spending an insane amount of money on material things. He lives a modest house that he has owned for the last 30 years.
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