Top Secrets of Penny-Pinching Billionaires:

[joeybee12]

Billionaire and cheap.

Those are two words you don’t often see together but the frugal billionaire is a more common phenomenon than you might think.

From John D. Rockefeller – who made his only son wear his big sister’s hand-me-downs – to Warren Buffett, who still lives in the Omaha, Nebraska home he purchased for $31,000 in 1955, billionaires have long shown us you don’t have to spend the money that you make.

The Daily Ticker brings you four of the thriftiest billionaires around today:

1. Azim Premji

Premji is the founder of Bangalore-based Wipro (WIT) and worth $17 billion, according to Forbes. The Indian tech titan reportedly monitors the number of toilet paper rolls used in Wipro facilities. And according to India Today, he used paper plates at his son’s wedding to save money.

http://finance.yahoo.com/blogs/daily-ticker/top-secrets-penny-pinching-billionaires-warren-buffett-company-215640350.html

Actually, this makes me think better of those on the list (execpt for the first guy's toilet paper monitoring) as most of thier cheapness affects them, and not others.

[GoneFishin]

1. Sort of. But if they are willing to inconvenience themselves to save money, imagine what they might

do to faceless, nameless strangers for money.

[joeybee12]

2. The last guy on the list is giving all his money away...

So the more he's frugal, the more he can give.

[GoneFishin]

3. That is pretty cool.