• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Chris Sacca

Billionaire Venture Capitalist Chris Sacca on the Quickest Way to Get Rich

By
Kim Lachance Shandrow
Kim Lachance Shandrow
and
Entrepreneur
Entrepreneur
Down Arrow Button Icon
By
Kim Lachance Shandrow
Kim Lachance Shandrow
and
Entrepreneur
Entrepreneur
Down Arrow Button Icon
June 30, 2016, 1:00 PM ET
TechCrunch Disrupt Conference
Chris Sacca, founder of Lowercase Capital, speaks at the TechCrunch Disrupt conference in San Francisco, California, U.S., on Monday, Sept. 27, 2010. TechCrunch runs until Sept. 29. Photographer: Noah Berger/Bloomberg via Getty ImagesBloomberg via Getty Images

This piece originally appeared on Entrepreneur.

We’d sure like to borrow Chris Sacca’s crystal ball. The former Google (GOOGL) exec and Shark Tank guest star has made some incredibly smart money moves, also known as Twitter (TWTR), Uber, Instagram, and Kickstarter to name a few. He invested in all of these Silicon Valley beasts before they blew up and became household names.

We caught up with the cowboy shirt-rocking billionaire “super angel” and Lowercase Capital founder on the set of Shark Tank last week, where he shared his number-one tip for getting rich.

“My best piece of advice for the quickest way to get rich is to not spend any of your money, and then you’ll have more than you need,” Sacca told Entrepreneur. “People get out ahead of themselves in debt with spending on all of their desires. But if you learn to live pretty simply and well, well under your means, you feel incredibly, incredibly rich and that frees you up and gives you the option to start something new, to leave the job you’re not excited about, where there might be a glass ceiling on you. Just don’t spend your money and you’re well on your way to becoming a millionaire.”

Save, don’t spend. If only it were that simple. Well, it might actually be.

For more on money, watch this Fortune video:

Sacca pointed to Travis Kalanick, a former door-to-door knife salesman and the co-founder and CEO of Uber, as an example of a person cha-chinging billions while remaining relatively frugal.

“Just yesterday Travis posted a pic of himself flying Southwest Airlines (LUV), coach class, on his way home for Father’s Day,” he says. “This guy is worth $11 billion dollars on paper and yet is riding in the back of the bus still, so I don’t think showiness correlates to success necessarily.”

Bear in mind that neither Kalanick nor Sacca need to cut corners or coupons. Sacca, 41, is worth an estimated $1.2 billion. He lays claim to 4 percent of Uber, not a bad slice of a potentially $62.5 billion-dollar pie. Kalanick, 39, clocking in with an estimated net worth of $6.2 billion, isn’t exactly on a budget either.

Still, it’s sort of refreshing to occasionally see billionaires behaving like the rest of us, sucking it up on budget airlines and carbing out on McDonald’s (like Warren Buffett regularly does), perhaps not to save a buck, but maybe, just maybe, to keep it real.

More from Entrepreneur:
• Mark Cuban Slams Y Combinator Co-Founder for Dissing Shark Tank
• Shark Tank’s Kevin O’Leary: Having Dyslexia Is a ‘Superpower’ in Business

• Ex-Googler Launching $5 Million VC Fund

As for Sacca’s signature embroidered rockabilly shirts, he told us he bought his first one on sale at a Reno-Tahoe International Airport gift shop. “It was 80 percent off,” he points out, cranking up his voice and grinning, seeming genuinely stoked. “I was like, ‘Yeah, score!’”

Apparently, even billionaires dig a deep discount. Like Sacca says, “You don’t get rich blowing your money, that’s for sure.”

About the Authors
By Kim Lachance Shandrow
See full bioRight Arrow Button Icon
By Entrepreneur
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

You should pick your credit card perks like how Warren Buffett picks his stocks, TD Bank exec says
Personal FinancePersonal Finance Evergreen
You should pick your credit card perks like how Warren Buffett picks his stocks, TD Bank exec says
By Catherina GioinoApril 27, 2026
13 minutes ago
Elon Musk and Sam Altman on-stage together at a 2015 conference.
LawSam Altman
Musk vs. Altman: Burning Man, a ‘diary,’ and a trial almost no one thinks Musk can win
By Eva RoytburgApril 27, 2026
33 minutes ago
quesada
Commentaryfertilizer
Former president of Costa Rica on de-risking fertilizer shocks: how $700 billion in subsidies can do more
By Carlos Alvarado QuesadaApril 27, 2026
55 minutes ago
chernobyl
PoliticsUkraine
‘Strikes on nuclear facilities and other hazardous sites has now become reality’: Ukrainians deal with risks at Chernobyl after Russia invaded
By The Associated Press and Hanna ArhirovaApril 27, 2026
1 hour ago
Strategy co-founder and executive chairman Michael Saylor speaks during the Bitcoin 2025 conference in Las Vegas
CryptoBitcoin
Bitcoin drives back toward $80k—but one billionaire may be fueling much of the rally
By Jack KubinecApril 27, 2026
2 hours ago
Trump points while flanked by men in suits
PoliticsWhite House
White House to evaluate event security protocols after third shooting attempt against Trump
By Jacqueline MunisApril 27, 2026
3 hours ago

Most Popular

Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: 'It won't matter'
Future of Work
Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: 'It won't matter'
By Marco Quiroz-GutierrezApril 26, 2026
1 day ago
The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles
Politics
The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles
By Sasha RogelbergApril 24, 2026
3 days ago
Baby boomers have now 'gobbled up' nearly one-third of America's wealth share, and they're leaving Gen Z and millennials behind
Investing
Baby boomers have now 'gobbled up' nearly one-third of America's wealth share, and they're leaving Gen Z and millennials behind
By Sasha RogelbergApril 26, 2026
1 day ago
More than 90,000 tech workers have been laid off this year. But here’s why companies like Microsoft are offering voluntary buyouts instead
Big Tech
More than 90,000 tech workers have been laid off this year. But here’s why companies like Microsoft are offering voluntary buyouts instead
By Jacqueline MunisApril 26, 2026
1 day ago
'You feel radicalized': A Meta AI exec watched agents beat her top workers. Now she's built a nonprofit to help Gen Z find jobs before they disappear
Future of Work
'You feel radicalized': A Meta AI exec watched agents beat her top workers. Now she's built a nonprofit to help Gen Z find jobs before they disappear
By Jake AngeloApril 26, 2026
2 days ago
This CEO lived on canned soup and took just two days off for his daughter’s birth. Now he admits he lost sight of proper work-life balance
Success
This CEO lived on canned soup and took just two days off for his daughter’s birth. Now he admits he lost sight of proper work-life balance
By Preston ForeApril 25, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.