Have you ever wondered why do rich people try to look poor? Reading the article below, you will get the answer for it.
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Dressing Simply Helps Save Mental Energy
Despite of $185 billion fortune, Mark Zuckerberg is still seen wearing the same grey shirts and simple jeans.
Apple legend Steve Jobs, who wore the same black turtleneck for years, and even Elon Musk are often seen wearing a loose-fitting T-shirt.
Even though they have $195 billion to their name, sometimes they even pretend to be poor, just like Warren Buffett, who has a net worth of $138 billion and is known to frequent McDonald’s.
So what’s going on here? Why do rich people try to look poor? Is there a secret behind this simplicity that we should all use? Or is it all a conspiracy to fool us and pretend to be poor?
Is this some sort of propaganda strategy to normalize these billionaires when in reality they are buying islands. The real answer will surprise you.
How much do you think Mark Zuckerberg’s simple grey T-shirts cost? Is it $1,000 to $2,000, $300 to $400 or $5 to $10? Keep reading, and you will find the answer below.
They Don’t Need to Prove Anything
In this age of social media flex culture, it’s appropriate to show off and be proud of how rich you’ve become. I mean, you see a lot of rappers doing it, especially the ones who come from the bottom and then reach the top.
The more you try to look rich, the more obvious it becomes that you’re showing off, we call it poverty peacocking.
Because extremely rich people have 6 brilliant reasons to look poor, just like ordinary people have reasons to make themselves look richer than they really are. So why do rich people try to look poor?
6 Great reasons to look poor
1. What You Can Learn from Billionaire Simplicity
You will understand why a person with the level of influence of Mark Zuckerberg would still wear the same old shirt.
Even unimportant choices like what to wear, what to have for breakfast, etc., drain your energy. And if I spend my energy on things that are unimportant in my life, then I feel like I am not doing my job properly. This is what Zuckerberg says.
Before we get to the second reason, let’s talk about Steve Jobs and his turtleneck, because he used this strategy very cleverly. Look at this image.
Often wearing turtleneck tops with jeans and sneakers was clearly a conscious decision by Jobs to be seen as a creative visionary. Steve Jobs says you have to use ideas, not a hierarchy. The best ideas will win.
2. They seem more trustworthy to investors.
Do you know the guy? Billionaire Sam Bankman-Fried was called the poster boy of crypto. He actually used this cheap strategy to his advantage and fooled everyone who invested their money in it before he was convicted of fraud.
With baggy shirts, high socks, sneakers and his big, curly hair, he is believed to have wanted to look like a boy genius, a young Einstein the theoretical physicist
That’s why you’ll see this same pattern with many other tech founders who try to represent their companies properly.
Like Twitter co-founder Jack Dorsey uses his hippie innovator vibe. Apple CEO, Tim Cook, always looks like he’s a normal corporate guy. Someone you can always count on.
3. All this is part of a big P.R.
Warren Buffett: I’m sure you’ve heard at one time or another about how simply he lives his life, with his old, broken-down car and his usual McDonald’s meals.
If you look at this man, you’ll see the image of a humble grandfather who got lucky with his investments. If investors see Warren Buffett as a frugal person, they’ll have more confidence in him and the honesty of his business practices.
4. Looking poor may get you less attention.
For example, people in public would likely receive less attention from bad guys who might steal from them, swindle them, or kidnap them because of their obvious wealth.
When you know that Elon Musk lives in a small house near the SpaceX factory, you start to think of him as a more humble person.
And so you suddenly forget how powerful a person he really is and how he could abuse his influence.
Furthermore, the Wall Street Journal claimed that instead, Elon Musk spent most of his time in his 8,000-square-foot, $1.2 million home. And that’s where it gets dangerous.
5. It’s a clever trick that keeps people in poverty.
Because when billionaires are photographed in the media living simple lives, wearing ordinary clothes, eating fast food, and saving every penny for their business, it becomes difficult for their own employees to demand better wages from their big bosses.
After all, if Warren Buffett drives an old car, why do you need a new car? And if Elon Musk is living in a tiny house, why would you demand more?
All these billionaires want to show is that all your problems can be solved if you don’t spend too much.
6. As the saying goes, money talks.
Billionaires don’t need to prove to anybody how rich they are. Because once you reach a certain level of luxury in life, there’s nothing left to impress.
People who are wearing Louis Vuitton are trying to look rich; they’re doing nothing but making the owner of Louis Vuitton richer.
Those billionaires will wear simple clothes so they can attract true friendships with people who won’t just associate with them for their money.
They won’t wear flashy jewelry because that will make them feel more jealous. First of all, they know they never got to their current status by buying sports cars or things with big designer logos.
When you have enough money, be the same old person and impress others by being who you are. Don’t show off until you become successful. Be as simple as you can be even after you are rich.
So Mark Zuckerberg’s simple grey shirts cost $300 to $400. Because Zuckerberg’s iconic grey shirts were custom-made by luxury brand Brunello Cucinelli.
And this was years ago, so they are more expensive now. Jeff Bezos is not buying his clothes from Amazon.
Friends, if you have read this whole blog, then you must have come to know one thing that you must learn from these smart billionaires today: that is, never judge a person by his looks or dressing.
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