Ingvar Kamprad & family’s profile picture

Ingvar Kamprad & family

Ingvar Kamprad & family’s profile picture
Net worth 2018: $3.5 Billion
Country: Sweden
BirthDay: 30 March 1926
Sigh: Aries
Children: 4

Ingvar Kamprad & family was bornon 30 March 1926 in Sweden. Known for his relentless pursuit of efficiency, Ikea founder Ingvar Kamprad introduced the flat-pack in 1953, then moved production of his cheap chic furniture to Soviet Poland in 1961 to minimize labor costs. On the way to growing his home furnishings empire he published the Furniture Dealer's Testament or the "Ikea Bible," which includes maxims such as "wasting resources is a mortal sin at Ikea." He stepped down as chairman in 2013, leaving the company in the hands of son Mathias. In 2011 his net worth took a drastic slide after his lawyers produced documents proving that he had irrevocably transferred the majority of his stake in Ikea to entities beyond his economic control decades earlier, later selling them the balance. But with the exception of his winery in Provence, Kamprad, 88, has historically shown little interest in the trappings of wealth. He reportedly prefers to fly economy and for more than two decades drove a Volvo until he was convinced it was no longer safe. He has interests in banking, real estate, asset management and insurance. He famously left Sweden to avoid punitive taxes in 1973, but in 2014 he moved back to Älmhult, the rural town close to where he grew up that is home to Ikea's headquarters.


$23 Billion


$6 Billion


$3 Billion


$3.3 Billion


$4.1 Billion


$3.5 Billion


$3.5 Billion


Forbes reported Kamprad's net worth as of February 2016 to be $3


In June 2015, Kamprad was listed as the eighth wealthiest person in the world in the Bloomberg Billionaires Index, with an estimated net worth of $43


In June 2013, Kamprad announced that he intended to move back to Småland in Sweden by the end of the year, and did so in March 2014


Writing in UK newspaper The Daily Telegraph in August 2011, Richard Orange noted of the 1943 file: "It proves for the first time that Mr Kamprad was an active member of Svensk Socialistisk Samling – the successor to the Swedish Nationalist Socialist Workers Party – even detailing his membership number, 4013


The company he created is still known for the attention it gives to cost control, operational details and continuous product development, allowing it to lower its prices by an average of 2-3% over the decade to 2010, while continuing its global expansion


In May 2006 the charitable foundation was reported by The Economist to be the world's wealthiest charity, however The Bill and Melinda Gates Foundation has since become larger


In 2004 he said that his drinking was under control


Kamprad devotes two chapters to this time in Nysvenska Rörelsen in his book Leading by Design: The IKEA Story and, in a 1994 letter to IKEA employees, called his affiliation with the organization the "greatest mistake of his life"


According to an interview with TSR, the French-language Swiss TV broadcaster, Kamprad drives a 1993 Volvo 240, flies only economy class, and encourages IKEA employees to use both sides of pieces of paper


He lived in Épalinges, Switzerland, from 1976 to 2014


In the 1960s, Kamprad married his second wife, Margaretha Kamprad-Stennert (1940-2011), whom he met when she was twenty years old


When Kamprad quit the group is unknown, but he remained a friend of Engdahl until the early 1950s


In 1948, Kamprad diversified his portfolio, adding furniture


Kamprad had raised funds for and recruited members to said group at least as late as September 1945


IKEA was founded in 1943, selling replicas of Kamprad's uncle Ernst's kitchen table


Ingvar Feodor Kamprad (Swedish: [ˈɪŋːvar ˈkamːprad] ( listen); born 30 March 1926) is a Swedish business magnate

(3.5/193 votes)
Related Person
Philip & Cristina Green’s profile picture
Philip & Cristina Green
Net Worth is $4.87 Billion
Micky Jagtiani’s profile picture
Micky Jagtiani
Net Worth is $4.74 Billion
Karl-Heinz Kipp’s profile picture
Karl-Heinz Kipp
Net Worth is $4.5 Billion
Jeronimo Arango’s profile picture
Jeronimo Arango
Net Worth is $4.38 Billion
Richard Schulze’s profile picture
Richard Schulze
Net Worth is $4.27 Billion
Roger Wang’s profile picture
Roger Wang
Net Worth is $4.26 Billion