Billionaires love to drive old cars

Facebook owner, billionaire Warren Buffett... only uses cars that cost no more than 50,000 USD despite owning assets worth tens of billions of USD.

Warren Buffett

The Berkshire Hathaway CEO is known for his frugal habits. He never spends more than $3.17 on breakfast. He still lives in the house he bought in 1958 for $31,500.

The carbillionaire warren buffettcurrently priced at $45,000.

In 2014, he spent $45,000 on a Cadillac XTS. Previously, he had a 2006 Cadillac DTS. Buffett decided to upgrade after his daughter Susie said his old car was no longer suitable for him.

"I only drive about 5,000 kilometers a year, so I rarely buy a new car," Buffett told Forbes.

Mark Zuckerberg

The Facebook founder is often seen driving an Acura TSX, worth about $30,000. The boss of the world's largest social network shared that he likes to choose this car because it is safe, comfortable and not ostentatious. Zuckerberg also owns a Volkswagen GTI, which costs the same as the Acura TSX.

The car the Facebook founder is driving costs $30,000.

Alice Walton

The heir to the Wal-Mart empire is nowAlice Walton. She became the richest female billionaire in the world, after billionaireLiliane Bettencourt died last week. However, Mrs. Walton only used the car2006 Ford F-150 King Ranch. The model costs around $40,000.

Wal-Mart founder Sam Walton - the billionaire's father - also drove a similar pickup truck, a 1979 version until his death in 1992.

Billionaire Alice Walton - heiress to the Wal-Mart empire, has a hobby of driving pickup trucks. The car she owns costs 40,000 USD.

Ingvar Kamprad

The founder of the world's largest furniture retailer doesn't like to spend money on things he doesn't need. Mr Kamprad once said he saves money by only getting his hair cut when he visits developing countries.

The car that billionaire Ingvar Kamparad drives only costs a few thousand dollars.

The billionaire drove a 1993 Volvo 240 GL for two decades, only to give it up recently after people convinced him it was too dangerous to drive at age 91. The Volvo 240 GL sold for around $22,000 when it was first introduced, but is now worth just a few thousand dollars.

Steve Ballmer

Los Angeles Clippers basketball team owner and former Microsoft CEO Steve Ballmer is proud to drive Fords because his father was a Ford Motor executive.In 2009, Ballmer was given a Ford Fusion Hybrid by then-Ford CEO Alan Mulally. The car costs about $28,000.

The Los Angeles basketball team owner's car costs $28,000.

According to VNE