GIG-OS ENGLISH: How do the rich save money?

How do the rich save money?

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It turns out that even billionaires know a lot about saving and are not always into squandering. What are their secrets and tricks?

Michael Bloomberg – $34.3 billion

Ex-Mayor of New York and founder of the Bloomberg L.P. corporation can afford anything. However, this rich man has... only 2 pairs of shoes. These are black loafers that are comfortable, functional and practical. Mr. Bloomberg prefers not to spend money on shoes that he will never wear, and he does right.

Ingvar Kamprad – $53 billion

The name of this person is on everyone's lips, unlike his brainchild: IKEA. The creator of interior items available to everyone believes that some expenses are completely unnecessary, even if you are fabulously rich. And he proves his words by deeds by flying in economy class and not changing his favorite chair for 30 years.

Warren Buffett – $77.3 billion

One of the world's richest investors and entrepreneurs is also the largest philanthropist in the history of mankind: he has already given over 40 billion dollars for charity! However, he keeps living in a modest house in Omaha, which he bought back in 1958 for $31,500. Mr. Buffett believes that he doesn’t have to live in a huge mansion just because he can afford it.

John Caudwell – $2.6 billion

The British billionaire who has made a fortune in the mobile phone industry also isn’t into showing off his wealth. So, he rides a motorcycle, uses public transport and often goes on foot. Another beautiful gesture belongs to him: when saying goodbye to his team while retiring, he awarded each employee with a voucher with a thousand pounds for every year worked out at his command.

David Cheriton – $1.7 billion

One of the first investors of Google who has already earned millions of profits since his investments in 1998, is also fond of saving money. For example, he decided to give up hairdressing services and cuts his hair himself. It makes you think about how much money we spend on what we can do ourselves.