Ingvar Kamprad Net Worth is$43 Billion
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Profession: Entrepreneur
Date of Birth: Mar 30, 1926
Nicknames: Ingvar Feodor Kamprad
Country: Sweden
What is Ingvar Kamprad's net worth? Ingvar Kamprad is a businessman and the founder of IKEA with an estimated worth of $43 billion dollars. Ingvar Kamprad was born in Sweden and went into business early in life. He is known for his frugality and tendency towards penny pinching, as much as for his amassed wealth and success. He accumulated his net worth largely through his business ventures such as IKEA. Kamprad began his career as a salesman at a very young age, buying matches in bulk and selling them at a discount. From there, it wasn't long before he began selling other items, including fish, Christmas tree decorations, seeds, ballpoint pens, and pencils. Eventually he added furniture to the mix, and the largely mail-order business that was IKEA was born. Kamprad is also well-known for his surprisingly low-key lifestyle given his massive net worth. He only travels by economy class, for instance, and is reported to do things like recycle tea bags and keep salt and pepper from restaurants for himself. This fastidious sense of cost consciousness is reflected in IKEA, which is known for its cost saving measures and its low prices compared to other furniture dealers. It is also reflected in this quote from Kamprad, which also doubles as his personal and corporate philosophy: "It is not only for cost reasons that we avoid the luxury hotels. We don't need flashy cars, impressive titles, uniforms or other status symbols. We rely on our strength and our will!"
Ingvar Feodor Kamprad ( pronunciation (; born 30 March 1926) is a Swedish business magnate and the founder of IKEA, a retail company.
According to Swedish business weekly Veckans Aff"arer, he is the wealthiest person in the world with an estimated wealth of between $50bn and $90bn, owning the IKEA franchise through Interogo Foundation and Stichting INGKA Foundation.
Ingvar Kamprad was born in Pj"atteryd, now part of "Almhult Municipality, and grew up on a farm called Elmtaryd (now spelled "Almtaryd), near the small village of Agunnaryd in Ljungby Municipality in the province of Smaland, Sweden.
He is a second generation Swede of German descent, his grandfather having moved the family to Sweden from Germany.
Kamprads second wife Margareta passed away from an undisclosed disease on the 12th of December, 2011
Kamprad began to develop a business as a young boy, selling matches to neighbors from his bicycle. He found that he could buy matches in bulk very cheaply from Stockholm, sell them individually at a low price, and still make a good profit. From matches, he expanded to selling fish, Christmas tree decorations, seeds, and later ballpoint pens and pencils. When Kamprad was 17, his father gave him a cash reward for succeeding in his studies.
IKEA was founded in 1943 at his uncle Ernst's kitchen table. In 1948, Kamprad diversified his portfolio, adding furniture. His business was mostly-mail order.
The acronym IKEA is made up of the initials of his name (Ingvar Kamprad) plus those of Elmtaryd, the family farm where he was born, and the nearby village Agunnaryd.
Kamprad has lived in Epalinges, Switzerland since 1976. According to an interview with TSR, the French language Swiss TV broadcaster, Kamprad drives a 15-year-old Volvo 240, flies only economy class, and encourages IKEA employees always to write on both sides of a paper. He reportedly recycles tea bags and is known to pocket the salt and pepper packets at restaurants." In additi

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Ingvar Kamprad Latest News

How a Price Simplifying Epiphany Turned IKEA Into a Billion-Dollar Business

British Author, Speaker, Investor, and former Management Consultant and entrepreneur. Ingvar Kamprad has furnished more rooms than anyone else, living or dead. He built up a company from nothing to one worth more than $40 billion. And he’s done it all by ...
Posted: October 25, 2016, 2:06 pm

Ikea Museum

The Ikea Museum opened in the town of Älmhult, Sweden this summer, also known as the hometown of Ikea founder Ingvar Kamprad. The museum is located in the same building the very first Ikea opened in 1958 and the exterior is characterized by a line of V ...
Posted: October 25, 2016, 9:21 am

Couple develops pen to help with dyslexia

The International Dyslexia Association also notes that the condition may have hidden the talents of Ikea founder Ingvar Kamprad, neurosurgeon and former presidential candidate Ben Carson, actress Keira Knightley and many others. But it didn’t stop their ...
Posted: October 13, 2016, 10:11 pm
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