Cheap cars

Why these 5 billionaires always drive these cheap cars

Billionaires build their fortunes on wise financial decisions. Once those fortunes are made, however, they can afford to splurge on things they don’t really need, like luxury cars.

For example, Microsoft co-founder and the richest person in the world, Bill Gates, recently bought himself a Supercar Porsche 911. Virgin founder Sir Richard Branson also drives his famous amphibious Gibbs Aquada in the United Kingdom But there are other billionaires who have never given up the saving habits that have contributed to their success.

Here are five remarkably modest vehicles owned by five of the richest people in the world:

Warren Buffett

Berkshire Hathaway CEO is well known for his frugal quirks. He never spends more than $ 3.17 on breakfast, and he lives in the same house he bought for $ 31,500 in 1958 (or $ 260,000 in today’s dollars).

In 2014 he would have bought a Cadillac XTS, a car with a retail price of approximately $ 45,000. It was an upgrade from his previous car: a 2006 Cadillac DTS, which he decided to get rid of when his daughter Susie told him it was embarrassing.

The business mogul justified the delay, as one would expect, pragmatically, saying Forbes: “I only drive about 3,500 miles a year, so I buy a new car very rarely.”

Mark Zuckerberg

Acura TSX

Richard Hartog | Getty Images

Alice walton

Ford F-150

Boston Globe | Getty Images

Ingvar Kamprad

Ikea founder Ingvar Kamprad doesn’t like spending money on what he doesn’t need. He once claimed to save by only get a haircut when it’s in developing countries.

In 2014, upon his return to Sweden after 40 years of tax exile, The telegraph reported that he said on TV, “If you look at me now, I don’t think I’m wearing something that wasn’t bought at a flea market.

For two decades he drove a 1993 Volvo 240GL. He only recently gave it up when someone persuaded the 91-year-old that driving it was too dangerous. Originally, the car was worth about $ 22,000, but today it wouldn’t cost more than a few thousand dollars.

Steve ballmer

2010 Ford Fusion Hybrid

Bloomberg | Getty Images

The owner of the Los Angeles Clippers and former CEO of Microsoft has proudly driven Fords throughout his life because his father was a manager at Ford Motor Company.

In 2009, Ballmer was delivered personally a new Ford Fusion Hybrid by then-Ford CEO Alan Mulally to celebrate their millionth vehicle equipped with SYNC, an in-car communications and entertainment system.

The original retail price of the car was around $ 28,000.

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