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Billionaires Reveal Thriftiness Amid Wealth Accumulation

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Bill Ackman Thriftiness Billionaires Savings

New York, NY – Billionaires like Bill Ackman, Warren Buffett, and Lucy Guo continue to practice thriftiness even after achieving massive wealth. Ackman, founder of Pershing Square Capital, has a net worth of $8.4 billion and emphasizes frugality in his daily life.

In a recent interview with The Wall Street Journal, Ackman shared, “I don’t like wasting money. Dad was very big on not wasting things.” He recalled that his father would get upset if any lights were left on, a habit that Ackman has embraced by turning off lights throughout his home.

Raised in a middle-class family, Ackman’s family home was valued at $56,000 in 1965. Knowing he’d receive no inheritance, Ackman pursued his path, eventually becoming a hedge fund mogul with influence in both finance and politics. Despite his wealth, he remains cautious, opting to drive around for better parking prices and being frustrated after wasting gas.

Warren Buffett, ranked as the 11th richest person globally with a fortune of $122 billion, echoes Ackman’s outlook. He still resides in the Omaha home he purchased for $31,500 in 1958, and has famously noted, “My life would not be happier… it just doesn’t correlate.”

Guo, worth $1.3 billion, also prioritizes saving money. The youngest self-made woman billionaire, she practices budgeting by using deals and wearing inexpensive clothes in her daily life.

Actress Keke Palmer, who became a millionaire at age 12, follows a similar philosophy. She stresses living beneath her means, saying, “If I have $1 million in my pocket, my rent is going to be $1,500.”

These influential figures highlight a common trend among America’s ultra-rich: valuing savings and practicality over extravagance.