You would be tempted to think every dollar billionaire in the world yearns for an opportunity to spend their money on the best things money can buy (including cars). This isn’t the case. The wealthiest people in the world or billionaires may be the top 1% earners worldwide however some of them are not moved by cars. Although most don’t hold back when it comes to spending their money, there are a few who don’t jump at every opportunity to own the latest cars in the market.
These billionaires have the kind of money people dream off however, they choose to drive what everyone else is driving or slightly better. Even ordinary citizens let alone Hollywood celebrities drive better cars than these billionaires. If you are interested in finding out the cheap cars the top 1% earners are driving, you are in the right place. Below is a list of the top 10 cheapest cars been driven by some of the wealthiest people in the world. Here are the Top 10 Cheap Cars Driven by Top One Percenters (1%’ers)
10. Audi R8 ($120,000)
Number 10 on this list is the Audi R8 belonging to Phil Knight who has a net worth of $19.1 billion according to the latest Forbes estimates. There is nothing cheap and ordinary about the Audi R8 when you are an ordinary citizen. In fact, this car is considered expensive by most millionaires however if you are worth billions like Phil Knight, there is nothing extraordinary about driving a car that costs less than $1,000,000. This is precisely why this car makes it to this list.
It is a cheap car in billionaire standards. Phil Knight however sees nothing wrong with the car. He is the co-founder and current chairman of Nike, Inc. He is the 44th richest person in the world with many billions to spend however, he still prefers this car over many other newer car models in the market today. Considering Phil Knight has $19.1 billion, he shouldn’t be driving an Audi R8.
9. Porsche Boxster ($80,000)
Number 9 on this list is the 2004 Porsche Boxster belonging to Michal Dell; Founder, CEO and Chairman of Dell, Inc. Michael dell is worth $18.7 billion according to the latest estimates however he drives a car most people in America can afford. His modest spending habits can be attributed to the fact that Dell, Inc started with just $1,000 capital after Michael Dell decided to drop out of college. History aside, a man worth $18.7 billion shouldn’t be driving a 2004 Porsche Boxster worth $80,000. The latest model would make more sense however it is still not expensive enough for a billionaire.
8. Cadillac DTS ($45,000)
Warren buffet’s name is synonymous with wealth, modest living and philanthropy. No wonder his car makes it to this list. His $45,000 Cadillac DTS has caught the attention of many people worldwide considering he has enjoyed the title of world’s richest man more than once. He shouldn’t be driving a car considered cheap by most households in America considering he is worth $65.7 billion according to the latest estimates.
7. Lexus SUV ($40,000)
Francois Henri Pinault’s Lexus SUV also makes it to this list because he is worth $15.8 billion but drives a car worth $40,000. The most interesting thing is that Francois is the CEO of PPR, a French luxury goods company. You would think he would consider buying a luxurious car just by virtue of being the CEO of a luxury goods company however it appears he has nothing for luxury cars. His $40,000 car has nothing luxurious written on it in billionaire standards.
6. Audi A5 ($38,000)
Lauren Powell Job’s Audi A5 takes 6th position in this list. Considering she is the wife of the late Steve Jobs, you would expect her to drive something better than an Audi A5 which costs only ($38,000). She is worth $15.8 billion according to the latest estimates which means she can afford any jet, yatch let alone car if she wanted. Considering she controls the Steven P. Jobs trust worth billions, she drives a relatively cheap car. This is precisely why her car features in this list.
5. Ford F 150 King Ranch ($37,000)
Position 5 in this list is Alice Walton’s 2006 Ford F King Ranch which costs $37,000. With a net worth of 35.2 billion, this is a very cheap car for a woman ranked 12th on Forbes. There is nothing special about this car considering there are very many similar cars on our roads today. Although Alice Walton owned a better car before (a Porsche) she has stuck to her current car Ford F 150 King Ranch after she was involved in an accident with the Porsche. Nevertheless, there better and safer cars within her reach if safety is her number one concern.
4. Acura TSX ($30,000)
Mark Zuckerberg’s car makes it to 4th place in this list. Considering Zuckerberg is the CEO of the largest social media site in the world, you would expect him to drive one of the best sports cars in the world. His current car costs $30,000 only and doesn’t do his title and status justice according to most people considering he is one of the richest young people in the world. Youthfulness is associated with lavish spending especially if you are worth a few millions let alone billions. Apparently, Mark Zuckerberg isn’t moved by money. He recently purchased a home for less than $10 million surprising most people with his modesty. Considering he is worth $27.8 billion according to the latest Forbes estimates, he deserves a better car than an Acura TSX. At least that’s what many people feel.
3. Ford Fusion Hybrid ($19,000)
Steve Ballmer’s Ford Fusion Hybrid makes it to the top 3 spot of this list given the fact that Steve Ballmer is worth an estimated $20.8 billion but drives a car which costs $19,000. Steve Ballmer is the current CEO of Microsoft. He is ranked number 33 on Forbes list of richest people in the world. You would expect him to drive something safer and better however it seems he has a thing for the environment. With his many billions, Steve Ballmer prefers an environmental friendly car that can be afforded by most households in America. This car is really cheap for a man of his status.
2. Toyota Prius ($17,000)
Number 2 on this list is Sergey Brin’s $17,000 Toyota Prius. It seems Sergey Brin (Google co-founder) has a soft spot for the environment like his billionaire counterpart Steve Ballmer. He is estimated to be worth $30.9 billion but still prefers to drive around in a $17,000 car because it is compact, light weight and ”green”. Of course there are better safer cars in the market today which meet and surpass his preferences for a Toyota Prius. Why he chooses to continue driving a cheap car is anyone’s guess.
1. Volvo 240 ($ 1,500)
Number one on this list is Ingvar Kamprad’s $1,500 Volvo 240. You might argue that IKEA founder Ingvar Kamprad prefers this car because he is 87 years old however, it is important to note that there are older people with less money driving better cars. The Volvo 240 is the ultimate definition of a cheap car even in the eyes of a 17 year old shopping for a first car. Ingvar Kamprand therefore needs a better reason to be driving such a cheap car considering he sits on a $4.1 billion fortune. It doesn’t get cheaper than this even for an ordinary citizen let alone a dollar billionaire.