Akon, a Senegalese-American singer, has discussed why he is frugal with his money. He claims to be “the stingiest man on the planet” because it takes stinginess to keep wealth. The singer of “Blame It On Me” revealed this while appearing as a guest on the most recent Impulsive Podcast episode.
According to Akon: “If you want to stay rich, stay stingy. I’m the stingiest man on the planet.” He also advised colleagues and fans against owning a private jet if they want to “stay rich.”
He said, “Whatever you do, do not own a [private] jet. Bro, owning a jet is spending at least 2-3 million dollars a year just for upkeep [maintenance].
You spend more on the maintenance than the actual jet cost. This is the advice I give everybody. The money that you have now has to last you a lifetime. When you reason it that way, you are going to be very prudent.”