Posted: August 12th, 2010 | Author: | Filed under: People | Tags: | No Comments »

A penny saved is a penny earned--even for billionaires

Some of the richest people have the most parsimonious habits. Jim C. Walton, an heir to the Walmart legacy, was worth $16.4 billion as of 2007 but reportedly drove a 15-year-old Dodge Dakota. Similarly, Ikea founder Ingvar Kamprad was worth $33 billion but drove a 15-year-old Volvo and regularly flew coach. Warren Buffet had a net value of $57 billion yet lived in the same home he had bought for $31,500 nearly 50 years earlier.

Parsimonious (pronounced “par-seh-MOE-nee-es”)

Excessively sparing or frugal.


From Latin parcere, “to spare, save”, plus monia, a suffix indicating action, state, or condition.


stingy, miserly, penurious


ABC News |   Photo by: kevin

Leave a Reply