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Ingvar Feodor Kamprad, born 30 March 1926 is a Swedish entrepreneur who is the founder of the home furnishing retail chain IKEA. As of 2010, he is the eleventh wealthiest person in the world, according to Forbes magazine, with an estimated net worth of around US$23 billion.
Peddled matches, fish, pens, Christmas cards and other items by bicycle as a teenager. Started selling furniture in 1947. Now his company Ikea, which sells hip designs for the cost conscious, is one of the most beloved retailers in the world, with an almost cultlike following. Ikea now has stores in 40 countries, from Sunrise, Florida, to Guangzhou in China. As egalitarian as his brand, Kamprad avoids wearing suits, flies economy class and frequents cheap restaurants. Has been quoted as saying that his luxuries are the occasional nice cravat and Swedish fish roe. Says his home is furnished mostly with his own Ikea products. Last May was awarded the Global Economy Prize by the University of Kiel for his contributions to society.
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.
He is considered being stingy, driving a 15 year old Volvo and visiting IKEA for a cheap meal. He is dyslexic and lives in Epalinges, Switzerland since 1976.
Ingvar Kamprad
Age: 84
Fortune: self made
Source: Ikea
Net Worth: $31.0 bil
Country Of Citizenship: Sweden
Residence: Lausanne , Switzerland, Europe & Russia
Industry: Retailing
Marital Status: married, 4 children
Education: NA
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