Frugal Billionaires

Warren Buffet
Buffet still lives in the same modest Nebraska home he bought in 1958 for $31,500. He recently traded in his 6-year-old Lincoln Town Car for a 2006 Cadillac DTS.

Jim C. Walton
The Wal-Mart scion likes pickup trucks to sports cars. He is said to drive a 15-year-old Dodge Dakota.

Ingvar Kamprad
The self-made tycoon built a $33 billion fortune selling affordable furniture to the masses. The Ikea founder drives a 15-year-old Volvo, flies economy, avoids wearing suits and often eats meals at lower-tier restaurants.

Azim Premji
This Indian billionaire made his $17.1 billion fortune through tech-services business Wipro. he drives a Toyota Corolla, flies economy and stays in company guest houses instead of five-star hotels when traveling on business.

David Cheriton
The Stanford professor made his billions by introducing Google founders Sergey Brin and Larry Page to the venture capitalists at Kleiner Perkins Caufield & Byers. He was rewarded with Google stock. He says he prefers to ride his bike around his Palo Alto, Calif., neighborhood, and relies on an old Volkswagen van or a Honda sedan when he needs to drive.

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