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5 Rich People Who Wear Cheap Watches: From Bill Gates to Li Ka Shing


Aulia AkbarCNBC Indonesia

My Money

Sunday, 04/06/2023 08:00 WIB



Jakarta, CNBC Indonesia – A photo of Singapore Prime Minister Lee Hsien Loong wearing a watch worth IDR 1.6 million went viral in early 2023 via a Twitter post from his account Bryan Cheong. As is known, the salary of Lee himself is also very abundant.

As reported by Channel News Asia, the Prime Minister of the neighboring country pocketed a salary of SG$2.2 million or the equivalent of Rp.24 billion a year. If calculated on a monthly basis, Lee’s salary is approximately IDR 2 billion.

With a salary of IDR 2 billion, it is very possible for him to buy luxury watches such as Rolex, Omega, Blancpain, Richard Mille, Audemars Piguet and other luxury brands. However, Lee’s choice of timekeeping accessories fell to his Seiko 5 Automatic SNKK87 Series with a white dial whose market price is IDR 1.6 million on Indonesian e-commerce sites.


Lee is also not alone, several ministers in his cabinet are often caught on camera wearing cheap watches. Call it like Foreign Minister Vivian Balakrishnan, Minister of Education Chan Chun Sing, and others.

But make no mistake, in this part of the world it turns out that there are lots of rich people who often wear cheap watches. Want to know who they are? Here’s the review.

1. Bill Gates

The third richest person in the world has a wealth of IDR 103.4 billion or IDR 1,575 trillion, but the Microsoft founder has never been seen wearing a luxury watch. The two watches that are often used by Bill Gates cost under Rp. 1.5 million.

The cheap watch is the Casio Quartz Diver 200M WR, which costs IDR 1.3 million. This watch is a stylish watch diver A classic (diver) that at a glance looks like a Rolex Submariner from a distance of 1 meter, except that the engine runs on a battery.

And the other one is Casio W214H-1AV which costs IDR 275 thousand. This one is a digital watch that at first glance looks like the Casio G Shock, but this is the cheap version.

2. Steve Jobs

The late Apple founder also often wore cheap watches when he was young. That watch is a Seiko Chariot, which costs the equivalent of Rp. 1.6 million.

When Steve Jobs died, the watch was auctioned and translucent US $ 42,500 or Rp 646 million. Seiko immediately re-released this watch with limited edition status and at that time it was only sold in the Japanese market.

3. Barack Obama

When he was still a Senator, Barack Obama was caught wearing a Tag Heuer watch worth Rp. 10 million. But when he became President, Obama even downcaste.

When he occupied the White House, Obama was more often seen wearing the Jorg Gray 6500 Chronograph, the same watch as members of the Secret Service. Reportedly, this watch was given as a gift for Obama’s 46th birthday.

The price is US$ 350 or around Rp. 5.2 million.

4. Richard Branson

The billionaire owner of the Virgin Group, who often inspires many people, has never been seen wearing a luxury watch. This quirky man is often caught wearing a Torgoen pilot watch.

This watch from Switzerland has a very nice and classic design, but the price is relatively cheap for rich people, namely US $ 320 or Rp. 4.7 million.

5. Li Ka Shing

The richest person in Hong Kong, who is now the 37th richest person in the world according to Forbes, often becomes a topic of conversation because the price of his watch is only Rp. 6 million. The watch is a Citizen Eco-Drive Attesa ATD53-3051 (black titanium).

Several Citizen watch distribution companies even often use Li Ka Shing’s photos for Instagram content to promote the Citizen watches that he sells.

His wealth is US$ 3.4 billion or Rp 523 trillion. This man is the founder of CK Hutchinson and is often referred to as one of the most influential people in Asia.

Li Ka Shing’s business operates in various fields, including transportation, real estate, financial services, and others. Li’s company is one of Hong Kong’s leading multinational conglomerates with operations in more than 50 countries and employs more than 240,000 people worldwide.



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2023-06-04 01:00:00


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