Billionaire Ikea founder says he saves money by buying used clothing

Ingvar Kamprad, the founder of Ikea, is by some estimates worth roughly $40 billion, but when it comes to some day-to-day necessities, he likes tokeep his budget tight.

In a documentary aired on Swedish channel TV4 recently, Kamprad reveals he buys his clothes at flea markets.

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According to AFP, in the film he comments, "I don't think I'm wearing anything that wasn't bought at a flea market. It means that I want to set a good example."

The high style, low price visionary also notes, "Normally, I try to get my haircut when I'm in a developing country. Last time it was in Vietnam."

Kamprad credits his frugality to his upbringing in Smaland, Sweden, a place where being thrifty is deeply embedded in the culture.

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