Tuesday, February 21, 2023

Who is one of the most frugal millionaires out there?

Ingvar Kamprad - the founder of IKEA.

Kamprad was known for his frugal habits, despite being one of the wealthiest people in the world at the time of his death in 2018.

Kamprad was known for his love of bargain hunting and often shopped for his clothes at flea markets. He also drove an old Volvo and flew economy class, even when traveling internationally. He encouraged his employees to be frugal as well and famously said, "wasting resources is a mortal sin at IKEA."

However, Kamprad's frugal habits were not just about saving money, but also about living a sustainable and responsible lifestyle. He believed in creating products that were affordable, functional, and sustainable, and he built his company around those principles.

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