The Top 10 Billionaires Who Drive the Cheapest Cars

Cars, National Money

Billionaires are often thought of as lavish spenders, splurging on collections such as big houses, private resorts, clothes, shoes, and the most common of them all, cars. Many think that if they look at the garage of the world’s wealthiest, they’d surely find a Ferrari, Bentley or a Rolls Royce in it. But of course, there are still those billionaires who drive cars just like the average people do. In short, they choose to be humble and show the world that cars are not the status symbol of being extremely rich.

 Believe it or not, there are still quite a lot of humble billionaires out there. Here are the top ten billionaires who actually drive inexpensive cars.


10. Phil Knight


Philip Hanson Knight or better known as Phil Knight was born on February 24, 1938 and is a philanthropist and a business magnate. He is the chairman and co-founder of Nike, Inc and has served as the CEO of the company. In 2011, Knight has an estimated net worth of $14.4 billion and claimed the 47th position in the list of world’s richest people. He is a humble billionaire and has already donated hundreds of million of dollars to different schools.  Despite his billion net worth, he owns an Audi R8 costing only $120,000.


9. Michael Bloomberg


Michael Rubens Bloomberg is a financial data mogul and the 108th mayor of New York. He was born in 1942, began his career and built a securities brokerage company in 1981. He served as one of the chairman of the board at Johns Hopkins University from 1996 to 2002. He has a net worth of $27 billion and has been known as the 7th-richest person in the United States. He was pushed to run as an independent candidate for the US presidential elections but chose not to seek presidency and decided to give his time and serve New York instead. Mayor Bloomberg drives and Audi R8 worth $120,000 that goes from 0 to 60 mph in approximately 3.2 seconds.


8. Michael Dell


Michael Dell is an author, philanthropist, and a business magnate. He is known to be the CEO and founder of Dell Inc., which is one of the leading personal computers sellers in the world. Dell has 243 million shares of stocks in the company that is worth $3.5 billion, which represents 12% of the company. He has other assets worth approximately $10 billion and had it invested in other companies. He then made a bid to make the company private for $24.4 billion. An with all his assets, he chose to drive an edgy 2004 Porsche Boxter with a price tag of only $80,000.


7. Warren Buffet


Although he is often accuse of being a miser, Warren Buffet still holds the third spot in the list of world’s richest people. He is the CEO, chairman, and the primary shareholder of Berkshire Hathaway. Buffet is coined as the “Wizard of Omaha” because of his frugality and his adherence to the value investing philosophy. Buffet donates some of Berkshire’s profits to several charity organizations. He drives a Cadillac DTS but don’t be intimidated with the car brand; it costs only $45,000.


6. Francois-Henri Pinault


Francois-Henri Pinault was born in 1962 and is a renowned French businessman. He is also the CEO of PPR. He started as the company’s manager in 1988 and was appointed CEO in 1993 after being the CompagnieFrançaise de l’AfriqueOccidentale or CFAO for three years. In 1997, he became the CEO of Fnac. His love for computers led him to develop the company’s Internet activities in the 1990s. On top of it, he also happens to be married to the lovely Salma Hayek. This super rich clothier drives a Lexus SUV worth only $40,000.


5. Laurene Powell Jobs


Born in 1963, Laurene Powell Jobs is the wife of the late Steve Jobs. She is an American business executive and is the co-founder and President of the Board of College Track. She also became a co-founder and the CEO of Apple Inc. Not everybody knows that she controls the $3.9 billion worth of stake in the Steven P. Jobs Trust  in the Walt Disney Company. She drives a silver Audi A5 with the price of approximately $40,000.


4. Alice Walton


Alice Walton is the one and only heiress of the Wal-Mart fortune. She also owns the second spot in the list of the world’s richest women. Walton did have her own fair share of extravagant living as she owned a lot of Porsches over the past years. But because of an incident where she accidently ran over a woman, she decided to stay away from those luxurious cars. She now uses a 2006 Ford F-150 King Ranch, which costs only $40,000.


3. Mark Zuckerberg


Who wouldn’t know Facebook’s CEO and founder, right? Mark Zuckerberg is one of the youngest billionaires in the planet. But he definitely does not want to show the world all his wealth, as seen in the car that he chooses to drive. In fact, he is the youngest billionaire in the list who owns a very inexpensive car – an Acura TSX that costs only $30,000.


2. Steve Ballmer


Steve Ballmer, born in 1956, is considered one of the wealthiest men in the world. He is an American businessman and is currently Microsoft’s CEO. As of 2012, his net worth was estimated to be approximately $15.7 billion, landing him on the 19th spot on the Forbes 400. As humble as he is, he decided to go for a fairly modest automobile, driving a Ford’s Hybrid Fusion that retails for about $19,000.


1.Ingvar Kamprad


Ingvar Kamprad is the founder of Ikea and has a net worth of at least $28 billion. Other billionaires may have chosen cheap cars and can be deemed as humble, well-grounded people. But if being thrifty is concerned, nothing beats Kampard as he chose to drive a humble Volvo 240, which only costs $1500. Aside from that, he prefers to take the bus from time to time.