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About Ingvar Kamprad Net Worth
Ingvar Kamprad, a Swedish entrepreneur, amassed a wealth of $42.5 billion before his passing in 2018. He achieved this financial success by establishing the multinational retail giant IKEA, which presently generates an annual revenue exceeding $40 billion.
Throughout his life, Ingvar Kamprad managed IKEA using a blend of moderately intricate foundations and investment trusts. Notably, the Interogo Foundation played a pivotal role in overseeing the IKEA concept and trademarks, receiving royalties from all merchandise bearing the IKEA name. Another significant entity, the Dutch organization Stichting INGKA Foundation, functioned as a charitable entity that held ownership of INGKA Holding, the parent company overseeing all IKEA stores. Although once regarded as the world’s wealthiest charity in May 2006, as reported by The Economist, its status was later surpassed by the Bill & Melinda Gates Foundation. At present, his three sons are in charge of the family’s investment firm, Ikano, which operates as both an investment fund and the proprietor of franchise rights for IKEA in various countries.
Back in March 2010, Forbes calculated his wealth to be around $23 billion in United States dollars, positioning him as the eleventh wealthiest individual globally during that time. Within a mere year, his ranking plummeted to 162nd place. This decline occurred after his legal team presented evidence confirming that the foundation he established and oversees in Liechtenstein actually held ownership of IKEA. Additionally, the foundation’s regulations prohibited him and his family from reaping any financial benefits from its assets.
By June 2015, he made a comeback to the financial spotlight, securing the eighth spot on the list of the world’s richest people according to the Bloomberg Billionaires Index. However, as of February 2016, Forbes revised his net worth to a figure of $3.4 billion.
Ingvar Kamprad Net Worth
Ingvar Kamprad has an estimated net worth of up to $42.5 Billion.
| Net Worth: | $42.5 Billion |
| Date of Birth: | Mar 30, 1926 – Jan 27, 2018 (91 years old) |
| Age: | 91 years old |
| Gender: | Male |
| Profession: | Entrepreneur |
| Nationality: | Switzerland |
| Country | Switzerland |
| Ethnicity | Agunnaryd |
| Residence | Switzerland |
| Complexion | White |
In 1970, Kamprad relocated his family to Switzerland in order to escape the considerably high taxes in Sweden. Over time, his theoretical net worth expanded significantly, reaching an estimated range of $40-50 billion. He eventually returned to Sweden in 2011. Prior to this move, he strategically transferred the ownership of IKEA into a series of intricate trusts and foundations. This maneuver effectively decreased his readily available liquid assets to a mere $113 million. However, as he retained a technical connection as the beneficiary and possessor of these trusts, many sources concurred that his actual net worth could still reasonably be approximated within the ballpark of $40 billion or more.
Ingvar Kamprad Biography
Ingvar Kamprad was born in Sweden on March 30, 1926. He resided in Switzerland from 1976 to 2014. Kamprad initiated his career as a youthful salesperson. At the tender age of 5, he bought matches in bulk from Stockholm and retailed them at a discounted rate. By the time he was seven, he ventured on bicycle trips to sell to nearby residents. He discovered that he could maintain a low selling price while still achieving substantial profits due to his cost-effective bulk purchases. This experience led him to expand his repertoire to include various products such as fish, Christmas tree decorations, seeds, ballpoint pens, and pencils.
Kamprad, along with his first wife Kerstin Wadling, adopted a daughter named Annika. In the 1960s, he entered a second marriage with Margaretha Kamprad Stennert, who sadly passed away in 2011. Together, they were parents to three sons: Peter, Jonas, and Mathias. During his earlier interactions with furniture manufacturers in Poland, Kamprad grappled with alcoholism. However, by 2004, he informed the New York Times that he had successfully managed his drinking habits, employing a strategy of “drying out” three times annually to maintain control. Despite his economical approach to many aspects of his life, Kamprad possessed a villa in Switzerland, an expansive country estate in Sweden, and even a vineyard located in the southern regions of France. When not behind the wheel of his Volvo, he opted for a Porsche for his transportation needs.
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