Meet the 60-Year-Old Billionaire Worth over N380 Billion who Still Commutes by Bicycle

Meet the 60-Year-Old Billionaire Worth over N380 Billion who Still Commutes by Bicycle

  • Marek Piechocki, the co-founder of LPP S.A., Poland's largest fashion retailer, avoids the spotlight and prefers to commute by bicycle
  • Marek Piechocki helped establish a billion-dollar wealth, but he says he will not change his way of living because of it
  • He shuns the limelight, even avoids having his photograph taken, and insists on not being called a billionaire

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Polish business tycoon, Marek Piechocki helped build a billion-dollar fortune, but the billionaire is not letting the wealth change his ways of living.

The co-founder of LPP S.A., the country's largest fashion retailer, avoids the spotlight and prefers to commute by bicycle rather than a limousine, Bloomberg reported.

Inside LPP SA's Reserved store owned by the billionare in London.
Inside LPP SA's Reserved store in London. Photo: Simon Dawson.
Source: UGC

According to the Bloomberg Billionaires Index, despite his family foundation having accumulated about $1.1 billion in wealth.

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According to a company spokeswoman, the 60-year-old insists on not being called a billionaire, arguing the wealth is no longer his.

In 2018, he transferred his shares to the foundation, which counts himself, multiple family members and others as beneficiaries.

Foundation's shares

The foundation is barred from selling LPP shares.

"The ownership model ensures the company will not be sold anytime soon. So for employees, it’s great news," said Slawomir Loboda, LPP’s deputy chief executive officer.

The businessman is not a typical fashion mogul, avoids catwalk shows and business and celebrity events.

At LPP’s headquarters in Gdansk, he does have a separate office, preferring to sit in free desks among the designer teams.

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Billionaires who have shown great deal of humility

Meanwhile, Legit.ng previously reported about 5 billionaires who have shown great humility in the way they play with their workers.

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It is only natural that we start off with who else but the world's richest man even though the list is not in order of financial status.

Famed for his witty quotes and sayings that have served as doses of motivation to many, Jeff Bezos, according to Market Insider, was recently captured in his last annual letter offering life advice to his workers.

He had also vowed in the same circumstance to help his workers. This has no doubt boosted their resolve and motivated them.

Source: Legit

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