13 Frugal Habits of the Super Rich and Famous

Becoming wealthy and staying that way takes a certain level of discipline.

A hand holds a fistful of American cash
(Image credit: Getty Images)

Becoming wealthy and staying that way takes a certain level of discipline. Sure, an occasional splurge won't put you in the poor house, but frequent frivolous spending can quickly erode your net worth. The frugal habits necessary to achieve financial success and maintain it can be surprisingly simple. Read on to meet 14 business leaders and celebrities, including renowned investor Warren Buffett and retired race car driver Danica Patrick, whose penny-pinching choices -- from clipping coupons to clipping their own hair -- have helped them build and maintain their fortunes.

As Knight Kiplinger observed in The Invisible Rich, "the biggest barrier to becoming rich is living like you're rich before you are." Learn more about the cost-cutting moves that help make these successful millionaires and billionaires who they are.

NOTE: Net-worth estimates are as of May 2019 and were sourced from Forbes.com (opens in new tab) and CelebrityNetWorth.com (opens in new tab).

Andrea Browne Taylor
Online Editor, Kiplinger.com
Browne Taylor joined Kiplinger in 2011 and is a channel editor for Kiplinger.com covering living and family finance topics. She previously worked at the Washington Post as a Web producer in the Style section and prior to that covered the Jobs, Cars and Real Estate sections. She earned a BA in journalism from Howard University in Washington, D.C.