Billionaires are often thought to have the newest, flashiest possessions – from luxurious mansions to the most expensive sports cars on the market. Many billionaires though don’t fit that mold. It may come as a surprise to many, but several high-profile billionaires drive older, inexpensive cars that would be familiar to the rest of us. You may even drive one yourself!
What Billionaires Drive
Warren Buffet – Net Worth: $84 Billion
The third richest man in the world drives a 2014 Cadillac XTS. Before this, he drove a 2006 Cadillac DTS. While Cadillacs aren’t necessarily “cheap” cars, they are not out of reach for the average person. Buffet reportedly keeps the same car for years, only upgrading when his daughter encourages him to get a new one.
Michael Bloomberg – Net Worth: $59 Billion
The former Mayor of New York City, Bloomberg has a net worth of about $59 billion. As of 2019, he is the ninth richest man in the United States…and he drives a Chevy Suburban. A savvy businessman and politician, Bloomberg is also known as an environmental leader, who has recently pushed for more environmentally friendly vehicles. Perhaps a Prius will be his next big purchase.
Mark Zuckerberg – Net Worth: $66 Billion
As the founder of Facebook and with a net worth of about $66 billion, Zuckerberg could drive any car he likes. Similar to his other billionaire brethren though, Zuckerberg likes to keep things simple on the road, driving both a Honda Accord and a Honda Fit. Both of which are valued at under $30,000.
Alice Walton – Net Worth: $46 Billion
Walton is the daughter of Walmart founder Sam Walton. As an heiress, she has an estimated net worth of around $46 billion and is the richest woman in the world. While she could easily afford a stable of expensive cars, Walton instead drives a 2006 Ford F-150. It is the high-end King Ranch edition, which is priced at around $40,000 when new. Sam Walton drove a 1979 Ford F-150 until his death in 1992. Driving sensible vehicles for as long as possible must run in the family.
Jeff Bezos – Net Worth $151 Billion
The founder of Amazon, Bezos currently holds the title of Richest Man in the World, with an astonishing net worth of $151 billion. When Amazon first took off, Bezos was driving a 1987 Chevy Blazer. When his net worth reached $12 billion, he got rid of the Blazer and bought a Honda Accord. A car that he still drives today. Why you might ask? You can find the answer in one of Amazon’s Leadership Principals: “Constraints breed resourcefulness, self-sufficiency and invention.”
Sergey Brin & Larry Page – Net Worth: $54 Billion & $55 Billion, Respectively
For many of us, founding a world-changing search engine would give us license to drive some pretty amazing vehicles. For Google co-founders, Sergey Brin and Larry Page though, cars are more about function than fun, especially if they can help the environment. Both men drive a Toyota Prius, which is worth about $30,000 when purchased new.
How to Drive Like a Billionaire
Even though you may not be a billionaire, you can take lessons from their car-buying habits. Buy what you can easily afford and then keep it well beyond the life of the car note. If you find that you can afford your dream car, you should still take extra care that it lasts as long as possible.
That means taking care of your car with regular maintenance and adding a vehicle protection policy when the factory warranty is out. A protection policy not only saves you money in regular maintenance and repairs, but can also save you from stress and worry. Some protection policies even offer roadside assistance and lock-out services.
Protect My Car offers several policies for varying prices and coverage. Check them out today to find the perfect policy for you and your car.