These 10 Wealthy People with the Most Miserly and Cheap Habits Will Surprise You
Money isn’t everything and though we may think that these millionaires might have lead lavish lives, they instead were extremely frugal in their thoughts. Most of these 10 wealthy people with cheap habits will surprise you.
1 John F. Kennedy – American President
Kennedy was the son of a wealthy businessman and his trust fund was worth millions. However Kennedy wasn’t a spendthrift at all and was notorious for being cheap to the extent of conveniently forgetting his wallet at home. It was always his date or his friends picking up the tab for him. He would cut down on the groceries and argue with Jackie on the expensive wardrobe.
2 Cary Grant – Movie Star
Even though Cary Grant married the Heiress Barbara Hutton, he was always very cheap. He would charge house guests for water in case he did their laundry, cut his buttons of old shirts and even marked milk bottles to stop servants drinking from them. He even charged fans 25 cents for an autograph.
3 David Cheriton – College Professor
It was Cheriton who helped the founders of Google get the company on its feet. It earned him big bucks and the nickname Professor Billionaire. But The Stanford Professor is miserly in many ways. Although owning a car, he rides a bike to work and saves half his restaurant meals to eat the following day. He even reuses tea bags.
4 Ingvar Kamprad – Founder of IKEA
IKEA is an affordable furniture Chan from Sweden. Its founder Ingvar Kamprad was well known for his haggling habits at the grocery store check outline. He would also take away salt packets from restaurants and wait till Christmas was over to purchase discounted gift wrapping paper. It was rumored that his business was a front to disguise how much money he had.
5 J. Paul Getty – Oil Baron
Among wealthy people with cheap habits, everyone knew the oil baron J.P. Getty and what a rich tycoon he was. But Getty was a miserly man who installed a pay phone in his lobby just to cut down his phone bill as he felt workers were habituated in using his phone. When Getty’s grandson was kidnapped in Italy, he haggled over the ransom which the kidnappers demanded $3.2 million. He ended up paying $2.2 million. He loaned his son the balance amount at 4% interest.
6 Charlie Chaplin – Movie Star and Director
Charles Chaplin was making more than $10,000 a week at the peak of his career but his biographer noted that he never seemed to have any money. He was always waiting for his friends to pick up the tab when dining out. Chaplin also borrowed the set builders from Hollywood studios to construct his mansion in Los Angeles. Chaplin’s shoddy and flimsy home was nick named “Breakaway House”
7 Leona Helmsley – Hotel Tycoon
She was given the nick name The “Queen of Mean” both by friends and even her enemies. She was so miserly that at one time 8 contractors sued her simultaneously for failing to pay their bills. All this inspite of making millions. She would never pay her taxes which ultimately landed her in Jail for tax evasion. This is what Trump had to say about her at one time. “I can feel sorry for my worst enemy, but I can’t feel sorry for Leona Helmsley,” Trump said once. “She deserves whatever she gets.”
8 Azim Premji – Tech Tycoon
Azim Premji is the founder and head of one of India’s biggest tech and consumer companies Wipro. But form Premji’s behavior one would never guess so as the man always flies economy class and even takes a rickshaw home from the airport instead of a car. He never stays in a hotel but prefers the company’s guest house. His employees have known to remark that he makes Uncle Scrooge look like Santa Claus. Workers have to turn off the lights when they leave a room failing which they would be told off by Premji. He would even keep tabs on the amount of toilet paper used in the office.
9 Mark Zuckerberg – Founder of Facebook
One of the world’s richest men is worth a cool $70 billion but he is a miserly man who arranged his marriage to Priscilla Chan in his backyard. On their Italian honeymoon, they even ate at McDonalds rather than a fancy restaurant. Zuckerberg still drives his old Volkswagen.
10 Hetty Green – Stockbroker
Perhaps the cheapest habits of wealthy people can be summed up by the “Witch of wall Street” who wasn’t dubbed so for nothing. At one time Hetty Green the stockbroker carried $200,000 into her bank in bonds. When the teller asked her to use a carriage instead, she replied back “A carriage indeed!” she answered, “perhaps you can afford a ride in a carriage—I cannot!” Green always lived as if she was broke and even visited free clinics in disguise just to avoid paying a doctor. It is believed that she carried around oatmeal just to save on meals.