Jeff Bezos Is the World’s Richest Person But Still Drives This Surprisingly Cheap Car
Jeff Bezos is a great many things. He’s an electrical engineer, a generous philanthropist, a CEO and, of course, the current richest person in the world.
But did you know that he’s also a very frugal person? In fact, he’s so committed to living a frugal lifestyle he has opted to drive some surprisingly affordable cars ever since the launching of Amazon in the 1990s.
A Perfectly Good Car
When Bezos founded the now-multibillion company, he was driving a modest 1987 Chevy Blazer. When the company found success and finally went public three years later, he decided to ‘upgrade’ to a Honda Accord.
Asian car manufacturers may have a good reputation for the quality of their vehicles, but they’re still not up there yet with other famed and more expensive ones like Audi, BMW and Rolls-Royce.
So, why did Bezos choose this particular car when he can afford just about any luxury car in the market?
Bezos has a simple answer: it’s a perfectly good car.
This preference for the not-so-luxurious things in life also reflects the image he wanted Amazon to have ever since its foundation.
In fact, during the late 1990s, when Bezos and his company were already worth the big bucks, he opted to place the Amazon headquarters in a relatively unconventional part of town among pawnshops and other similarly small businesses.
He also revealed how he and his employees used desks made from wood scraps and repurposed doors to save costs.
Amazon and Maintaining Frugal Practices
All of these frugal practices were intentional though.
According to Bezos, it’s important to show customers how the company is spending money on things that matter instead of things that really don’t. Thus, employees still use door desks and Bezos is still seen driving Honda cars until today.
This frugality has even been enshrined in the company’s ‘14 Leadership Principals’ highlighting the belief that frugality results in self-sufficiency, invention and resourcefulness.
The motto is perhaps best seen in action in the annual ‘Door Desk Award’ given to Amazon employees who are able to come up with the best ideas on how to save money for the corporation.
Even executives aren’t exempt from this practice. The company only pays for economy class flights for its senior executives. And should they want an upgrade to business class, they need to pay for it out of their own pocket.
Other admirable real-life applications of this motto include the company’s DIY approach to acquiring their software and hardware technology needs.
Instead of buying things like computer servers, network routers and other networking equipment, Amazon engineers strive to design and build their own at arguably lower costs.
Because of this, the company only has to pay for product features which they absolutely need.
More in Pocket Change
The Crazy Story About How Comedian Katt Williams Allegedly Lost $59 Million of His Fortune
It’s ironic how it’s actually comedians, whose job is making other people laugh, that usually tend to live troubled and unhappy...July 1, 2019
Here’s Why These Nuns and Katy Perry Are Fighting Over Multi-Million Dollar Former California Convent
Katy Perry has been involved in quite a few controversies throughout her career as a pop star. But none of them...June 30, 2019
Rihanna is Living Her Best Life With Billionaire Boyfriend Hassan Jameel — Here’s Proof
Rihanna has surely gone a long way from her humble beginnings in her home country of Barbados. Not only is she...June 30, 2019
Gayle King Signs a Huge Contact with CBS, And You Won’t Believe How Much She’s Being Paid!
The renowned TV host, Gayle King, has knocked the ball out of the park with her recently CBS renewed contract that...June 29, 2019
The Amazing Story of How Will Smith Became a Real Life ‘Fresh Prince’ With an Expansive Real Estate Portfolio
Will Smith has had one of the most interesting career tracks in Hollywood. Starting out as a rapper donning the name ‘The...June 23, 2019
Experts Say That You Can Never Succeed in Business If You Do This
Everyone wants to be a successful businessman, but over time, we notice that some people have a better chance at being...June 23, 2019
Pink Lost the Grammy But Her Kids Consoled Her With This Heartwarming Gift
There is no better consolation for an entertainer than winning a Grammy Award. Every star wants to hold that prestigious award in their...June 20, 2019
Are The Presleys Broke? Elvis’ Ex-Wife Priscilla is Selling This Property to Save Her Daughter
With how popular the late Elvis Presley remains to this day, most people would think that his immediate family will all...June 19, 2019
Jay-Z Just Declared World’s First Ever Billionaire Rapper–Here’s the Surprising Non-Music Business That Bolstered His Fortune
It’s no secret that entertainers earn a lot of money. But not many of them can accumulate a billion-dollar fortune. Rapper-turned-businessman...June 19, 2019