Strange ways billionaires save money

Bill Gates only wears a $10 watch, IKEA billionaire went to Vietnam to get a haircut, and Michael Bloomberg wore 2 pairs of shoes for 10 years.

1. Warren Buffett still eats breakfast for $3.17 or less

2. Ingvar Kamprad gets a cheap haircut and shops at the market Last year, the founder of the IKEA furniture company told the Sydsvenskan newspaper: “I usually get a haircut every time I visit a developing country. Last time was in Vietnam.” This is not the only thrifty habit of the Swedish billionaire. In 2014, when he returned to his homeland, he answered on TV: "I don't think I'm wearing anything that wasn't bought at the flea market." data-reference-id="25132418" data-was-processed="true" src="http://baonghean.vn/dataimages/201710/original/images2024846_Nh_ng_c_ch_ti_t_ki_m_ti_n_k__qu_c_c_a_t__ph__59da2225ebd9a.jpg" style="max-width: 500px; width: 500px; height: 333px;">

Last year, the founder of the IKEA furniture company told the Sydsvenskan newspaper: “I usually get a haircut every time I visit a developing country. Last time was in Vietnam.”

This is not the Swedish billionaire’s only frugal habit. In 2014, when he returned to his homeland, he told TV: “I don’t think I’m wearing anything I didn’t buy at a flea market.”

3. Michael Bloomberg wore 2 pairs of shoes for 10 years

The former mayor of New York, the 10th richest person on the planet, reportedly wore the same two pairs of black shoes to work for more than 10 years. “You just replace the soles and heels. You don’t have to throw them away and buy new ones. You can still wear the old ones,” he told the New York Post in 2010.

4. Bill Gates wears a $10 watch

The Microsoft founder clearly has no interest in fashion trends. With a net worth of $85 billion, he still wears a $10 watch. But the billionaire does splurge occasionally. He recently bought a Porsche 911.

5. David Cheriton reuses tea bags

After introducing Google founders Sergey Brin and Larry Page to venture capitalists at Kleiner Perkins Caufield & Byers, he received a lot of Google stock and made billions of dollars from it.

However, the Stanford computer science professor still lives a frugal lifestyle. He doesn't fly private planes, wears jeans to work, and reuses tea bags.

6. Azim Premji monitors employees' toilet paper usage

The chairman of Wipro Limited – one of the world’s largest IT consulting firms – is now worth more than $18 billion. However, the Indian tech king still reminds his employees to turn off the lights when they leave the office and even keeps track of the number of paper rolls they use.

According to VNE/CNBC