• Sir Richard Branson , founder of the Virgin Group, has an estimated net worth of $4 billion .
  • When he spends his money indulgently, it's only to make money in return like renting out real estate he owns, such as Necker Island.
  • In fact, Branson once said in an interview that he's "embarrassed" by displays of wealth, like leaving large tips and buying things for "pure luxury."
  • A member of the Giving Pledge, Branson would rather spend his money on philanthropy.
  • Visit Business Insider's homepage for more stories.

Sir Richard Branson wears the same pair of jeans every day, according to Page Six . That's a surprisingly frugal habit for a man with a $4 billion net worth .

The billionaire chair of the Virgin Group , which brings in more than $21 billion annually in global revenue , Branson has overseen approximately 500 companies and is known for his charisma and eccentric behaviors.

Ever the savvy businessman, Branson has spent some of his billions indulgently, but only to make money in return like renting out real estate he owns (think Necker Island ). When it comes down to it, Branson is rather frugal, opting not to own objects of pure luxury. He also donates much of his time and money to philanthropic efforts.

Below, see how the eccentric leader spends his billions.

See the rest of the story at Business Insider

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