Azim Premji Car

Azim Premji Car

Azim Premji is a Frugal Billionaire. He is India’s second richest person after Mukesh Ambani (The Chairman of Reliance Industries) having a net worth of US $ 17.5 Billion according to Forbes.

But well, who believes that Azim premji drives Toyota Corolla, A Car having market value of just Rs.12-16 Lakhs? (See the above Pohotograph).

Well, Yes. This is true. Azim Premji drives a Toyota Corolla, a car that any upper middle class can afford. In comparison to his enormous wealth (74% Stake in WIPRO Technologies, World’s Top 100 Technology Company), he drives very small car.

However, up till now Premji has made do with an ancient Ford Escort, which has done 145,000km on India's dreadful roads. And, despite his new Toyota, Premji is not getting rid of the old banger.

"Why do I have it? Because it's a good car. And what's more, it's a lucky car," he smiles, with a twinkle in his eye. "The original reason I bought it was because it was one of the few cars available at the time that had had its suspension engineered for Indian roads. And it fell within our company's acquisition policy. And now I can't get rid of it because it's part of my brand."

This shows his frugal lifestyle.

Not only this but he prefers to travel via economy class by air and not the business class.

Azim Premji bought his new TOYOTA Corolla in 2005 only. He is really a simple living but down to earth person.