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“Scavenges food from bins: ‘World’s most frugal millionaire'”

Heinz B., an 80-year-old German man, has gained fame as “the world’s most frugal millionaire” due to his unconventional lifestyle choices. Despite owning nine properties and having a significant bank balance, Heinz prefers to live modestly, often relying on discarded food he finds in trash cans.

His financial situation is quite intriguing. Despite withdrawing a hefty sum of 700,000 euros to purchase his tenth property, Heinz reportedly keeps just 15 euros in his checking account. Additionally, he has around 100,000 euros stored in a fixed-term savings account.

Residing in Darmstadt, Germany, Heinz’s journey to financial independence began a few years ago when he owned seven houses and two apartments, along with half a million euros in his bank account. Over time, he expanded his real estate portfolio to ten properties, demonstrating his knack for prudent saving and investment.

Despite his wealth, Heinz maintains a simple lifestyle. He relies primarily on his monthly pension of 3,756 euros and spends very little on groceries, often salvaging food from discarded sources. The only other expense he incurs is internet service for his laptop.

With no immediate family or siblings, Heinz is uncertain about the future of his estate. While he has distant relatives, he questions their ability to handle the inheritance tax implications.

Heinz’s story challenges traditional notions of wealth and happiness, highlighting the importance of frugality and contentment in achieving financial independence.

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