Showing posts with label tightwad tips from billionaires. Show all posts
Showing posts with label tightwad tips from billionaires. Show all posts

Sunday, September 5, 2010

Tightwad Tips from Billionaires

Jean Folger, Investopedia, discusses some billionaires' spending habits in "7 Spending Tips from Frugal Billionaires."  Although this article doesn't mention their vacation styles, I'll bet these frugal billionaires are tightwad travelers! 

Carlos Slim Helu (Carlos Slim), a telecom tycoon and billionaire with well-known frugal tendencies, has a net worth of $60.6 billion according to Forbes. Assuming no changes in his net worth, he could spend $1,150 a minute for the next 100 years before he ran out of money. To put this in perspective, he could spend in 13 minutes what a minimum-wage earner brings home after an entire year of the daily grind.

Granted, the world's billionaires (all 1,011 of them) are in the debatably enviable position of having, quite literally, more money than they can possibly spend, yet some are still living well below their means, and save money in surprising places. Even non-billionaires (currently 6,864,605,142 of us) can partake in these seven spending tips from frugal billionaires.