8 Frugal Billionaires Who Prove You're Never Too Rich to Value Money

By siliconindia | Friday, 18 March 2016, 11:17 Hrs

BENGALURU: Money can buy you all the luxuries in life, but it can’t buy you simplicity and modesty. It is the principles we follow in life that segregate us from one another. There are millionaires who live lavishly, throw parties, eat in expensive restaurants, and drive expensive cars. And then there are billionaires who believe in simplicity even having all the money in their bank accounts. Here’s a list of 8 billionaires who lead a modest life, and still value money even after its presence in abundance, reports India Times.

1. Michael Bloomberg

Michael Bloomberg is the owner of the Bloomberg Empire. He’s the sixth wealthiest person in the U.S. with a net worth of $41.1 billion. For the past 10 years, Mr. Bloomberg wore and had only two pairs of work shoes, and never changed his loafers as well over this period.

2. John Donald Macarthur

With a fortune of $1 billion, Mr. John Donald Macarthur is an American businessman and philanthropist. By operating from a hotel he owned, he saved a lot of money on office leases, permit fees, and home mortgage.