IKEA's Billionaire Owner Ingvar Kamprad Buys Secondhand Clothes To Save Money

By on March 16, 2016 in ArticlesBillionaire News

It has been said that old habits die hard, and for proof, just take a look at the wardrobe of billionaire IKEA owner, Ingvar Kamprad. During a recent interview with a TV channel in his native Sweden, which is now being reported by several other outlets, Kamprad made the claim "I don't think I'm wearing anything that wasn't bought at a flea market."

Kamprad is worth a staggering $42.5 billion, but he credits his Swedish upbringing for his continued frugal habits when it comes to buying clothes: "it's in the nature of a Smaland to be thrifty" (Smaland is a small rural province in Sweden, and the place where IKEA was started by Kamprad, way back in 1943). And this isn't just some isolated quirk associated only with clothing, as in addition to all the secondhand threads, Kamprad also says he has an unusual habit when getting his hair cut, too, presumably one that also saves him a little bit of money:

"Normally, I try to get my haircut when I'm in a developing country. Last time it was in Vietnam."

Chris Jackson/Getty Images

Chris Jackson/Getty Images

Not counting travel expenses, that's probably a good way to save money on haircuts, especially if you're not picky about styling. But if you are interested in styling, Ingvar Kamprad makes it extremely easy to dress in good faith like a billionaire – all you have to do is pick up your clothes at a thrift shop and enjoy the savings.