In an interview with “Reddit Ask Me Anything” in 2016, the billionaire said he would not waste money on expensive clothes and jewelery.
“I do not like to spend a lot of money on clothes or jewelry. “
At an event with political leaders in 2014, the tycoon confessed he wears a wristwatch that costs $ 10, and has a reputation for dressing simply.
However, he enjoys some luxuries, such as frequent travel, and he owns a Porsche 911 and a plane.
Warren Gates’ close friend Bill Gates, who once owned a THRIFTY license plate, is another billionaire who avoids wasting money on his clothes. “I’m happy with a pair of persimmons and a sweater. I do not need sophisticated clothes, “he told CBS News in 2013.
Other well-heeled celebrities prefer to wear the same clothes to limit their expenses. Michael Bloomberg, who has a fortune estimated at $ 55 billion, had worn his two pairs of black moccasins for more than 10 years.
“You can do some makeup. You do not need to throw them to buy another, you can just use the old ones. “
Former US President Barack Obama is also a fan of rehearsals. In an interview with Vanity Fair in 2017, Michelle Obama revealed that her husband had been wearing the same tuxedo and shoes for eight consecutive years.
Even billionaire women have decided to follow this trend. Thrive Global founder Arianna Huffington told CNBC:
“Women are wasting so much money and thinking that you have to wear a new outfit for each event. I like to wear a garment many times. “