Bangalore: Stinginess is not something which only you and I do to save a penny. We always think of getting rich so that we can flee from our middle class lifestyle and enjoy the worldly pleasure and luxury. But you would be surprised to know, that there are few of world’s wealthiest men, who abstain from wasting money and are known for their frugal lifestyle. Here are the names of few billionaires, who usually think twice before spending money on anything, though they can buy everything.

Warren Buffett

$46 Billion

Country: United States

Despite being a multi billionaire, Warren Buffett is known for frugality, as he does not indulge himself in unnecessary expenditure. Buffett is the CEO of Berkshire Hathaway, a multinational holding company with many subsidiary firms primarily engaged in manufacturing, retailing and insurance services. Though, he is considered the most successful investor of the 20th century, he continues to live in the same modest home which he had bought in 1958 for just $31,500 located in Nebraska, United States of America. Surprising, he pays less taxes, as a percentage of income, than all of the other Berkshire Hathaway employees in the company's home office--including the secretaries and receptionists.

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Ingvar Feodor Kamprad

$ 42.2 Billion

Country: Sweden

The Swedish business magnate, Ingvar Kamprad, is the founder of IKEA, a retail company. More than for his wealth, he gained popularity for his pennywise attitude. He saves money in many ways, like he travels in economic class, drives a 1993 Volvo and usually dines at lower-tier restaurants. He also furnishes his home with Ikea's affordable products. Recently, Kamprad was quoted as saying that the only luxuries he splurges on are the occasional expensive cravat and Swedish fish roe.

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