What Billionaires Drive (Forbes article)

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William Gates III

Net Worth: $46.5 billion

Vehicles Owned: 1999 Porsche 911 Convertible; 1988 Porsche 959 Coupe

Source: State of Washington Department of Licensing

Microsoft founder, philanthropist and self-proclaimed nerd William Gates III vents his software stress behind the wheel of two Porsches. His daily driver, a 1999 Porsche 911 Convertible is ripe for replacement, especially considering that Porsche has totally redesigned the latest 911, the 997, for 2005. Now, after waiting some 10 years, Gates can finally enjoy his other favorite Porsche: a rare (1 of 230) 1988 Porsche 959 Coupe. In fact, due to the 959s questionable emissions and unknown crash ratings, it took a federal law signed by President Clinton for Bill Gates to legally drive his 959 on American roads. Rumor has it that Bill Gates and Paul Allen employed Microsoft engineers to write a computer program that could simulate the 959s crashworthiness, which helped in the bills passage.


Warren Buffett

Net Worth: $44 billion

Vehicles Owned: 2001 Lincoln Town Car Signature Series

Source: Nebraska Department of Motor Vehicles

With a license plate that reads THRIFTY, it could belong to no other than billionaire investor Warren Buffett. The car behind the license plate is also relatively thrifty: a 2001 Lincoln Town Car Signature Series. Despite his license plate, one can only wonder why the billionaire splurged on the Signature Series Lincoln Town Car with its stylish half-length vinyl top instead of saving a few thousand dollars on a Ford Crown Victoria. Regardless, Buffett prefers the Lincolns wide bench seats and will take an American Town Car over a Cadillac or Lexus any day.

Prince Alwaleed Bin Talal Alsaud

Net Worth: $23.7 billion

Vehicles Owned: Infiniti FX45; Hummer H1; Volvo XC90; Rolls-Royce Phantom; Daewoo Matiz

Source: French news magazine program, Zone Interdite on broadcasting network M6

Rolls-Royce Phantom
As the nephew of Saudi King Abdullah, Prince Alwaleed Bin Talal Alsaud is no stranger to the finer things in life. His free-spending attitude is easily seen in his garage, where he always buys a duplicate of every one of his vehicles. Two Infiniti FX45s, two Hummer H1s and two Volvo XC90s all take up residency inside the Princes lavish garage. The reason for such excess? The Prince buys one vehicle for himself and an exact duplicate for his body guards. A glimpse inside the Princes garage also reveals a vehicular absurdity: parked next to two Daewoo Matiz are two Rolls-Royce Phantoms. The reason for such an odd placement? The Prince holds a significant stake in Daewoo, the Korean car company now controlled by GM.


Ingvar Kamprad

Net Worth: $23 billion

Vehicles Owned: 1993 Volvo 240 GL

Source: Financial Times

Founder of the Swedish furniture and home goods company IKEA, Ingvar Kamprad is the proud owner of a 13-year-old Volvo 240 GL. Though he may own a Volvo, Kamprad still takes the bus and even uses his pensioners discount card, as he explained in a rare 1999 interview. Despite being a double-digit billionaire, Kamprad also still flies economy class and avoids luxury hotels. In fact, in his self-scribed 1976 Bible, A Furniture Dealer's Testament, Kamprad decries that IKEA people do not drive flashy cars or stay at luxury hotels. Indeed, Ingvar Kamprad practices what he preaches.


Paul Allen

Net Worth: $21 billion

Vehicles Owned: 1988 Porsche 959 Coupe (pictured above); 1988 Mazda B-Series Pickup

Source: State of Washington Department of Licensing

When not sitting at the captains chair of his 413-foot yacht, Octopus, Allen can be found cruising the autobahn in his 1988 Porsche 959 Coupe. Originally, Allen planned to drive his Porsche on American soil, but stringent emissions standards and crash-test ratings kept his and Bill Gates 959s impounded in customs. Frustrated, Allen gave up and decided to ship his 959 back to Europe, where he enjoys driving it today. When he is in Seattle, Allen has a 1988 Mazda B-Series Pickup that he uses to get around.

Lawrence Ellison

Net Worth: $18.4 billion

Vehicles Owned: 2006 Bentley Flying Spur (pictured above); Bentley Continental GT

Source: Business Week magazine

Known as the Oracle, Larry Ellison does not shy from the limelight like some other billionaires on the list. He has a penchant for adventure, be it in his MIG fighter jet or his Americas Cup racing Yacht. Strangely, though, Ellison doesnt drive a BMW as one might assume given that his company co-sponsors an Americas Cup team with the Bavarian company. Instead, Ellison prefers the finer things in life, like the British luxury, style and refinement found only in a Bentley. As the most powerful luxury sedan, the Bentley Flying Spur provides Ellison with the perfect balance of driving exhilaration and four-door practicality.


Jim Walton

Net Worth: $18.2 billion

Vehicles Owned: 2002 Dodge Dakota Pickup (pictured above); 2000 Acura Integra; 1998 Mitsubishi Montero Sport; 1999 Chevrolet Silverado Pickup; 1959 Cadillac

Source: Arkansas Office of Motor Vehicles

Growing up, Jim Walton worked for his Dad at Wal-Mart sweeping stores and stocking shelves. Today, he presides over the largest family empire inside a non-descript building in Bentonville, Ark. that he shares with around 20 employees. For Walton, vehicles are a means to an end. This might explain why his daily driver is a 2002 Dodge Dakota pickup. When payload capacity is of concern, Walton might drive his 1999 Chevrolet Silverado pickup to the dump. But most days, he prefers his Dodge Dakota or 2000 Acura Integra, a nimble vehicle that returns superb fuel economy.


Alice Walton

Net Worth: $18 billion

Vehicles Owned: 2006 Ford F-150 King Ranch

Source: Texas Department of Transportation

A rough-and-tumble woman who isnt afraid of rolling up her sleeves and breaking a nail, Alice Walton lives in Texas on her ranch. Her history with vehicles is bumpy. According to the Springdale, Ark. police department, on April 4, 1989, Alice Walton struck a 50-year-old woman who walked into the path of her 1987 Porsche. No citations were issued to Walton, though the woman later died from her injuries. Also, about nine years later in Springdale, Walton was cited and later fined $925 for driving while intoxicated after she lost control of her 1997 Toyota 4-Runner and slammed it into a gas meter. Walton now has a 2006 Ford F-150 King Ranch, which provides her with an ideal blend of luxury and towing capacity.


Michael Dell

Net Worth: $16 billion

Vehicles Owned: 2004 Porsche Boxster; 2005 Hummer H2

Source: Texas Department of Transportation

The King of the personal computer, Michael Dells empire has allowed him to create a life of luxury. On sunny days in Austin, Texas, Dell can be seen sans top in his 2004 Porsche Boxster. But when the weather turns nasty, Dell enjoys the comfort and security of his latest toy: a 2005 Hummer H2 SUV.


Steven Ballmer

Net Worth: $12.1 billion

Vehicles Owned: 1998 Lincoln Continental

Source: State of Washington Department of Licensing Another Microsoft billionaire, Steven Ballmer grew up in Motor City, USA. With oil running through his veins, one might assume that Ballmer would have a fleet of Ferraris, Porsches and Rolls-Royces. Wrong. Steven Ballmer stays true to his Detroit roots by driving a 1998 Lincoln Continental. Though more sporty than Warren Buffets Lincoln Town Car, Ballmers maroon Lincoln Continental is no red Ferrari. On the horizon: a Lincoln Zephyr, but expect Ballmer to pile on at least another 10,000 miles first.
 
yeah, i have realized that as people get rich enough, they stop "showing" it and try to live a normal nife
 
those billionaires suck. i want to see what an enthusiast billionaire drives. i know there are plenty of enthusiast millionaires who drive nice cars (ralph lauren, leno, etc...), now one of them just needs to make a lot more money :)
 
The people who get rich and stay rich, do so by being smart with their money.

R
 
even if i wasn't an auto enthusiast, if i was making biliions of dollars, my daily driver would be something a little better than a 20 year old mazda truck. Of course, putting a bumper sticker on it that says "my other car is a porsche 959" and actually mean it, would be pretty cool.
 
p5power said:
even if i wasn't an auto enthusiast, if i was making biliions of dollars, my daily driver would be something a little better than a 20 year old mazda truck. Of course, putting a bumper sticker on it that says "my other car is a porsche 959" and actually mean it, would be pretty cool.


Buy that is the whole point. It requires a HUGE amount of mental restraint to NOT go out and buy something better even though you have more than the means to do so. The car is simply a reflection of the willpower that is necessary to obtain that type of fortune. Amassing such significant wealth requires substantial personal sacrifice, all in the name of self-control and laser-like focus on a set goal. Why should they get rid of their 20-year old car if it still serves its purpose? Doing so would only require them to spend money that they might not otherwise have to spend. Every dollar that you don't spend is another dollar that you keep. Every dollar that you keep is another dollar that you can put to work for you.

While I, like you, would buy something better, I recognize that my self-control is less than theirs and I applaud these men for their strength of will and determination.

R
 
you do know that paul allen owns the largest privately owned ship in the world (the above mentioned 413 foot octopus), right? and has a few others that are relatively large? it's not so much about self control as it is about cars not being their thing. bill gates? his house and charities are his thing. the others i'm sure indulge themselves in some way, just not automotively because they see cars as A to B things, nothing more
 
How are you going to be a cheap bastard when you are rich as hell honestly somebody please explain that to me?? I understand you might not want to spend 100,000+ on a car but at least roll with like a new bmw or benz or something
 
jred321 said:
you do know that paul allen owns the largest privately owned ship in the world (the above mentioned 413 foot octopus), right? and has a few others that are relatively large? it's not so much about self control as it is about cars not being their thing. bill gates? his house and charities are his thing. the others i'm sure indulge themselves in some way, just not automotively because they see cars as A to B things, nothing more

That is true jred. They do have SOME vices. But overall I would argue that they possess an unusal strength of will. Such a trait is necessary to get that far in life.

R
 
eh... theyre frickin billionaires. it would take them a long time to blow all that...

and they can't take it all with them.
 
the trick is if you're going to spend money, spend the money on things you really value, and don't waste it on stuff that in reality you don't care about. if paul allen doesn't mind driving an '88 mazda pickup, anything more expensive is a waste of money.

if i were in that situation, i probably wouldn't have a boat or a plane, even though someone on a boat forum might think that was crazy. *shrug*

warren buffett once said, "buy expensive houses and cheap cars." that's wise advice.
 
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all these billionaires have other things on their mind than driving fancy cars........ it's making MORE money.
 
Rainman said:
The people who get rich and stay rich, do so by being smart with their money.

R
so if you buy 1 or 2 exotics I doubt they well even notice the ding in their monatary worth. s***, it's like a months work or something for them
 
Hmmm,

the 959 is a rare bird indeed..

Possibly one of the most uncommon cars out there. Even less common than an Enzo or a Mc-F1
 

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