Kevin O’Leary, the Canadian businessman and Shark Tank investor with an estimated net worth of $400 million, continues to shop at Walmart for everyday essentials, including $29 jeans. In a recent Instagram video, O’Leary highlighted his frugal approach, emphasizing his preference for saving money on items like batteries, butter, paper towels, and laundry spray, despite his substantial wealth, according to fortune.com.
O’Leary, 72, explained that his wife sent him to Walmart to buy essentials, but he took the opportunity to hunt for deals. He pointed out the value of buying cheaper alternatives, such as Bounty paper towels, which offer more rolls for less money. He has repeatedly argued that paying more for everyday items is unnecessary and that saving money is important even for those with significant wealth, fortune.com reported.
This approach aligns with a broader trend among wealthy individuals who prioritize financial prudence. O’Leary’s stance echoes that of other billionaires like Warren Buffett and Scale AI’s Lucy Guo, who also seek ways to save on everyday expenses. His public endorsement of budget shopping challenges common perceptions about the spending habits of the ultra-rich, highlighting a practical mindset toward money management, per fortune.com.
O’Leary’s frugality was also evident in a 2021 interview with CNBC, where he expressed a strong dislike for wasting money and emphasized the difficulty of earning it. His continued Walmart visits and public sharing of his shopping habits underscore his consistent message about financial discipline, as detailed by fortune.com.