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A friend of mine's stepdad was the Texas millionaire T. Cullen Davis who was brought up on murder charges back in the 70's...he was the original OJ LOL
Anyway, I went over to spend the night one time and it was the first time I met Cullen and he was wearing cut off jean shorts and a pair of tennis shoes that my dad wouldn't have let us wear...those things were raggedy.
From what I understand he was like that about a lot of stuff...sure he bought nice suits to wear to work and functions..but in general he was not "thrifty" but cheap.
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