Net Worth: $43.7 Billion
- Source of Wealth IKEA
- Birth Place Älmhult, Sweden
- Marital Status Married (Margaretha Kamprad)
- Full Name Ingvar Feodor Kamprad
- Nationality Sweden
- Date of Birth March 30, 1926
- Ethnicity Lebanese
- Occupation Businessman
- Education Cornell University
- Children 3 (Jonas Kamprad, Peter Kamprad, Annika Kamprad, Mathias Kamprad)
About Ingvar Kamprad
Best recognized as the founder of the retailing company IKEA, Swedish business magnate and billionaire Ingvar Kamprad has an estimated net worth of $43.7 billion in May 2017, according to Bloomberg.
At such a very young age, this successful businessman has shown impressive business skills by selling matches from his bicycle. Later on, he began selling other items like seeds, ballpoint pens, pencils, fish and Christmas tree decorations. It was in 1943 when he founded his company IKEA which was actually taken from the first later of his name, Ingvar Kamprad, E from Elmtaryd, the family to which he was born and A for Agunnaryd which is just a nearby village.
Since he almost own his company, Ingvar Kamprad is considered as one of the wealthiest businessmen in the world today. In fact, in 2007, he became the 4th richest person in the world with his net worth, at the time, of US$33. Despite the significant reduction on his net worth from 2007, Kamprad still became the 10th richest person in the world in 2010 with his $23 billion worth of fortune. In 2011, the final value of his assets was estimated to be around $6 billion. And as of March 2013, his net worth was reduced to $3.3 billion only.
Despite his massive net worth, Kamprad is still known for his low-profile living. In fact, he still takes the economy class when he travels. Also, his company IKEA, is noted for its cost-saving measures. According to him, humans primarily depend on will and strength and that they don’t need extravagant titles, uniforms and flashy cars.
Ingvar Kamprad was married Margaretha Kamprad until the latter’s death in 2011. This billionaire has four children named Jonas, Peter, Anikka, and Mathias.