Tom Beahon cofounder of Castore, a successful premium sportswear brand, exemplifies frugality despite his billion-dollar company. He avoids luxury purchases like expensive clothes and watches, opting to fly economy even on long flights. His journey began as a youth football player who transitioned into finance before founding Castore. The early years were financially challenging, with the cofounders paying themselves minimal salaries and experiencing rough financial times. Beahon's mindset reflects a reluctance to indulge in luxury, prioritizing the sustainability and success of his business over personal extravagance.
"I've never bought an expensive watch, I don't spend lots of money on clothes. I don't fly business class...even to Australia, I flew economy," Beahon recently told the Financial Times.
Tom used to be a professional youth football player, starting off by playing for the Tranmere Rovers in his late teens, then joining Spanish club Jerez Industrial CF.
For the first three years, the cofounders and co-CEOs paid themselves £1,000 ($1,355) a month in order to preserve money for the business.
Tom said he moved back in with his parents, while Philip's soon-to-be wife paid his rent. The ex-footballer noted these were "rough times financially."
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