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Kiplinger: Frugal Habits of the Super Rich

David Cheriton

Age: 61

Estimated net worth: $1.3 billion

How he struck it rich: An early private investor in Google

Frugal habit: When having dinner at a nice restaurant, he saves half of his meal for the next day.

In addition to knowing how to make a good meal last, the Stanford University professor -- who played an integral role in the founding of Google -- has also been cutting his own hair for the past 15 years and drives a 1986 Volkswagen Vanagon.

Cheriton's been pinching pennies his whole life. "Many of my frugal habits come from my parents, who grew up during the Depression and passed along the same careful habits," he told Kiplinger. "My rule is never spend in a way that I can't explain to my parents without apology or embarrassment. It's kind of a personal version of 'never do anything you don't want to see presented on "60 Minutes."

(CREDIT: Martin Dee, The Univ. of British Columbia)
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Kiplinger
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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