Billionaires Hiding Status - Choosing the Simplicity Over Luxury (GALLERY)

These five billionaires prefer to keep their personal lifestyles simple. You’ll recognize them from the companies they keep. Enron, Ikea, Meijer Grocery, and Google. They buy suits off the rack, drive around in old cars or trucks, fly commercial airlines, usually coach. Warren Buffet, $57 billion, Ikea’s Ingvar Kamprad, $33 billion, Frederick Meijer, $2 billion, Richard Kinder, Enron, $2.9 billion.

Not-so-affluent wannabe types, on the other hand, choose to fake their status:

Celebs Faking Status - 50 Cent Busted For Fibs About Ferrari Collection (VIDEO)

Faking luxury isn’t just a social crime committed by ordinary folks—celebrities are projected false images too to create the illusion of a raised status. 50 Cent was recently busted on FerrariChat for fibbing about his extensive luxury car collection. On MTV’s Cribs, the rapper proudly flaunted h… [More]