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'I'm a billionaire - but I'm still wearing £29 Zara jeans'

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Despite living in the UK's most expensive home and owning a luxury yacht and vintage cars, one British billionaire says he hates splurging his money.

He might be known for his his flashy wardrobe of glittery jackets, the 71-year-old says he prefers to shop on the high street for staples, with one pair of jeans costing him just £29 from Zara.

Caudwell's frugality may be a nod to his humble beginnings in Wellesley Street, Shelton, before moving to the Bentilee council estate.

From there, he built a business empire and is now worth around £1.5 billion. In an interview with the iPaper, the former Berry Hill High School student described himself as both 'flashy' and 'frugal'.

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