Citizendia
Your Ad Here

Ingvar Kamprad

Ingvar Kamprad lecturing a group of students at Växjö University (March 23, 2004). Växjö University or Växjö universitet is a state University in Växjö, Sweden. Events 1174 - Jocelin, Abbot of Melrose, is elected Bishop of Glasgow. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again "
Born March 30, 1926 (1926-03-30) (age 82)
Ljungby, Sweden
Occupation Entrepreneur
Net worth ▼ US$31 billion[1]

Ingvar Feodor Kamprad (pronunciation (help·info)) (born March 30, 1926) is a Swedish entrepreneur who is the founder of the home furnishing retail chain IKEA. Events 240 BC - 1st recorded Perihelion passage of Halley's Comet. Year 1926 ( MCMXXVI) was a Common year starting on Friday (link will display the full calendar of the Gregorian calendar. "Sverige" redirects here For other uses see Sweden (disambiguation and Sverige (disambiguation. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Events 240 BC - 1st recorded Perihelion passage of Halley's Comet. Year 1926 ( MCMXXVI) was a Common year starting on Friday (link will display the full calendar of the Gregorian calendar. An entrepreneur is a person who has possession over a company enterprise, or Venture, and assumes significant accountability for the inherent risks and the outcome A home is a place of Residence or Refuge. It is usually a place where an individual or a family can rest in and be able to store Personal property. The decorative arts are traditionally defined as ornamental and functional works in Ceramic, Wood, Glass, Metal, or Textile. Chain stores are Retail outlets that share a Brand and central management and usually have standardized business methods and practices IKEA is a privately-held international home products retailer that sells flat pack Furniture, accessories bathrooms and kitchens at retail stores around the world As of 2008 he is the richest European-born person and the 7th richest person in the world according to Forbes magazine, with an estimated net worth of around US$31 billion. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Forbes is an American Publishing and media company Its flagship publication Forbes magazine is published bi-weekly For the film entitled Net Worth see Net Worth (film. In business net worth (sometimes called net assets) is the total Assets [1]

Contents

Biography

Kamprad was born on a farm called Elmtaryd (now spelled Älmtaryd), near the small village of Agunnaryd of the Ljungby municipality in the province of Småland, Sweden. Agunnaryd is a small locality and a Parish in Ljungby Municipality, Kronoberg County (and in the informal province of Småland) southern is a historical province ( landskap) in southern Sweden. Småland borders Blekinge, Scania or Skåne Halland, "Sverige" redirects here For other uses see Sweden (disambiguation and Sverige (disambiguation. Kamprad began to develop a business as a young boy, selling matches to neighbors from his bicycle. A match is a consumable Tool for lighting a Fire under controlled circumstances on demand 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. ('stɔkhɔlm is Sweden 's Capital and its largest City. It is the site of the national Swedish government, the parliament, and the From matches, he expanded to selling fish, Christmas tree decorations, seeds and later ball-point pens and pencils. A ballpoint pen ( Hungarian: golyóstoll also Eponymously known in British English and Australian English as a biro and ˈbaɪroʊ When Kamprad was 17, his father gave him a reward for succeeding in his studies [2]. He used this money to establish what has grown into IKEA.

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 admitted that his dyslexia played a large part in the inner workings of the company. Dyslexia is considered to be a Learning disability. It manifests primarily as a difficulty with written language particularly with Reading and Spelling For example, the Swedish-sounding names of the furniture sold by IKEA were originally chosen by Kamprad because he had difficulty remembering stock keeping units (numbers).

Kamprad has lived in Epalinges, Switzerland since 1976. Epalinges is a municipality in the district of Lausanne in the canton of Vaud in Switzerland. Switzerland (English pronunciation; Schweiz Swiss German: Schwyz or Schwiiz Suisse Svizzera Svizra officially the Swiss Confederation Year 1976 ( MCMLXXVI) was a Leap year starting on Thursday (link will display full calendar of the Gregorian calendar. According to an interview with TSR, the French language Swiss TV broadcaster, Kamprad drives a 15 year old Volvo, flies only economy class, and encourages IKEA employees to always write on both sides of a paper. This article is about Volvo Group - AB Volvo Volvo Cars is the passenger vehicle maker owned by Ford Motor Company, using the Volvo Trademark __FORCETOC__ Economy class, (also called coach class, is the lowest class of seating in Air travel and rail travel [3] In addition Kamprad has been known to visit IKEA for a cheap meal. He is also known to buy Christmas paper and presents in the post-Christmas sales. While Kamprad's frugality is well documented, it is also an important part of the carefully managed image presented to IKEA employees and the general public. Frugality is the practice of acquiring goods and services in a restrained manner and resourcefully using already owned economic goods and services to achieve He less frequently mentions that he owns a villa in an upmarket part of Switzerland, a large country estate in Sweden and a vineyard in Provence in France or that he drove a Porsche for several years. For other uses see Estate. An estate comprises the houses and outbuildings and supporting farmland and woods that surround the gardens and grounds "Sverige" redirects here For other uses see Sweden (disambiguation and Sverige (disambiguation. A vineyard is a Plantation of Grape -bearing Vines grown mainly for Winemaking, but also Raisins Table grapes and non-alcoholic Provence ( Provençal Occitan: Provença in classical norm or Prouvènço in Mistralian norm is a region of southeastern France This article is about the country For a topic outline on this subject see List of basic France topics. [4][5][6]

While working with furniture manufacturers in Poland earlier in his career, Kamprad became an alcoholic. Alcoholism is a term with multiple and sometimes conflicting definitions He has however stated that his drinking is now under control. [7]

Net worth

According to Swedish business weekly Veckans Affärer[8], he is the wealthiest person in the world. Veckans Affärer ("Weekly Business" is a Swedish business journal published weekly dealing in all matters business related both in Sweden and international For the film entitled Net Worth see Net Worth (film. In business net worth (sometimes called net assets) is the total Assets This report is based on the assumption that Kamprad owns the entire company, an approach that both IKEA and the Kamprad family reject. Kamprad personally retains little ownership in the company, having transferred his interest to Stichting INGKA Foundation and INGKA Holding as part of a complex tax sheltering scheme that leaves his actual degree of control vague. The Stichting INGKA Foundation is a Dutch foundation founded in 1982 by Ingvar Kamprad, who is chairman The Stichting INGKA Foundation is a Dutch foundation founded in 1982 by Ingvar Kamprad, who is chairman [9]

As at March 2005, the sliding value of the U.S. dollar put Kamprad ahead as the richest person in the world in another report. March 2005: ← - January 2005 - February 2005 - March - April 2005 - May 2005 - June 2005 - July 2005 The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been In March 2008, Forbes magazine estimated his fortune at US$31 billion, making him the 7th richest person in the world. International holidays March 2 - Mothering Sunday (Britain March 7 - Nyepi (Indonesia [1]

FORBES TOP 10 (in $bn)[10]:

  1. Warren Buffett (US): 62
  2. Carlos Slim (Mexico): 60
  3. Bill Gates (US): 58
  4. Lakshmi Mittal (India): 45
  5. Mukesh Ambani (India): 43
  6. Anil Ambani (India): 42
  7. Ingvar Kamprad (Sweden): 31
  8. KP Singh (India): 30
  9. Oleg Deripaska (Russia): 28
  10. Karl Albrecht (Germany): 27

Stichting INGKA Foundation

The Dutch-registered Stichting INGKA Foundation is named after Kamprad, and owns INGKA Holding, the parent company for all IKEA stores. Warren Buffett (born August 30 1930 is an American Investor, Businessman, and Philanthropist. Carlos Slim Helú (born January 28 1940) is a Mexican Businessman born to Lebanese parents largely focused on the Telecommunications If you would like to experiment with Wikipedia please copy Lakshmi Mittal (or Lakshmi Narayan Mittal, लक्ष्मि नारायण मित्तल born 15 June 1950 is a London -based Indian Mukesh Ambani (born April 19, 1957 in Yemen) is an Indian Businessman and the world's fifth Richest man, with a net worth of approximately Anil Ambani (born June 4, 1959) is an Indian businessman As of October 6th 2007 he has a net-worth of US$42 billion making him the 6th richest person in Kushal Pal Singh or KP Singh was born on August 15, 1931, at Bulandshahar in Uttar Pradesh. Oleg Vladimirovich Deripaska ( Олег Владимирович Дерипаска) (born January 2 1968 in Dzerzhinsk, Nizhny Novgorod Karl Hans Albrecht (born 20 February 1920) is a German entrepreneur who founded the discount Supermarket chain Aldi with his The Netherlands ( Dutch:, ˈnedərlɑnt is the European part of the Kingdom of the Netherlands, which consists of the Netherlands the Netherlands A parent company is a Company that owns enough voting stock in another firm to control management and operations by influencing or electing its Board of directors The charitable foundation was reported by the business newspaper The Economist in May 2006 to be technically the world's wealthiest charity - with an estimated value of at least US$36 billion in 2006 (larger than the Bill & Melinda Gates Foundation) - but its primary purpose is, by some, believed to be corporate tax-avoidance and anti-takeover protection for IKEA. A foundation is a legal categorization of Nonprofit organizations. The Economist is an English-language weekly news and International affairs publication owned by The Economist Newspaper Ltd and edited in London The Bill & Melinda Gates Foundation (B&MGF is the largest transparently operated Private foundation in the world founded by Bill and Melinda Corporate tax refers to a Tax levied by various jurisdictions on the Profits made by companies or associations. In business a takeover is the purchase of one company (the target) by another (the acquirer, or bidder) [9] Kamprad is chairman of the foundation.

Works

While generally a private person, Ingvar Kamprad has published a few notable works. He first detailed the IKEA concept of frugality and enthusiasm in a manifesto entitled "A Testament of a Furniture Dealer". Written in 1976, it has since been considered the fundamental ideology of the IKEA furniture retail concept. He also worked with Swedish journalist Bertil Torekull on the book "Leading By Design: The IKEA Story". In the autobiographical account, he further describes his philosophies and the trials and triumphs of the founding of IKEA. [11]

Controversy

In 1994 the personal letters of the Swedish fascist activist Per Engdahl were made public after his death, and it was revealed that Kamprad had joined Engdahl's pro-Nazi group in 1942. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) Fascism is a totalitarian nationalist and corporatist ideology Per Claes Sven Edvard Engdahl (born February 25, 1909 in Jönköping, died May 4, 1994 in Malmö) was a leading Swedish Nazism, which was a short name for National Socialism (Nationalsozialismus refers primarily to the Ideology and practices of the National Socialist German Year 1942 ( MCMXLII) was a Common year starting on Thursday (the link will display the full 1942 calendar of the Gregorian calendar. Kamprad had raised funds for and recruited members to said group at least as late as September 1945. Year 1945 ( MCMXLV) was a Common year starting on Monday (link will display the full calendar When Kamprad quit the group is unknown, but he remained a friend of Engdahl until the early 1950s. The 1950s Decade refers to the years of 1950 to 1959 inclusive

Since the public revelation Kamprad has said that he bitterly regrets that part of his life, calling it his greatest mistake and he subsequently wrote letters of apology to all IKEA employees of Jewish descent. PLEASE TAKE NOTE************ It is believed that the fact that IKEA is one of the few retailers to have a store in Israel even though it also does business with the Arab world reflects an attempt to temper this controversy. IKEA is a privately-held international home products retailer that sells flat pack Furniture, accessories bathrooms and kitchens at retail stores around the world For a topic outline on this subject see List of basic Israel topics. [12]

References

  1. ^ a b c "The World's Billionaires 2008", Forbes, 2008-03-05. Forbes is an American Publishing and media company Its flagship publication Forbes magazine is published bi-weekly 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 363 - Roman Emperor Julian moves from Antioch with an army of 90000 to attack the Sassanid Empire, in a Retrieved on 2008-03-05. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 363 - Roman Emperor Julian moves from Antioch with an army of 90000 to attack the Sassanid Empire, in a  
  2. ^ Ingvar Kamprad: IKEA Founder and One of the World's Richest People (About.com Entrepreneurs)
  3. ^ "Cheap is good, says furniture magnate" NZZ Online, March 27, 2006
  4. ^ Ikea-Kamprads lyxvillor, Expressen, August 22, 2004
  5. ^ Folkhemsmöbleraren 80 år, Dagens Industri, March 29, 2006
  6. ^ Lyxhusen som Kamprad vill tala tyst om, Dagens Nyheter, August 19, 2004
  7. ^ "It started in a shed" The Age, July 15, 2004
  8. ^ "Who's really the world's richest?" CNNMoney. Aboutcom is an online source for original information and advice and is among the top 15 US Websites ( Nielsen Online Spring 2008 com, April 6, 2004
  9. ^ a b IKEA: Flat-pack accounting. The Economist. Retrieved on 2007-01-02. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 366 - The Alamanni cross the frozen Rhine River in large numbers invading the Roman Empire.
  10. ^ The World's Billionaires. forbes. com (March 5, 2008). Retrieved on 2008-04-27. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1124 - David I becomes King of Scotland. 1296 - Battle of Dunbar: The Scots are defeated
  11. ^ Kamprad, Ingvar and Torekull, Bertil Leading By Design: The IKEA Story Harper Collins, Sept. 1, 1999. ISBN 978-0066620381
  12. ^ "Swedish goulash and sofas whet Israeli appetites at Netanya Ikea" Jewish News Weekly of Northern California, April 6, 2001

See also

External links

Persondata
NAME Kamprad, Ingvar
ALTERNATIVE NAMES Kamprad, Ingvar Feodor
SHORT DESCRIPTION Entrepreneur
DATE OF BIRTH March 30, 1926
PLACE OF BIRTH Älmtaryd, Sweden
DATE OF DEATH
PLACE OF DEATH
This list of the 100 wealthiest people is a list of the world's 100 wealthiest people as of February 11 2008, based on each person's total net worth IKANO is a Swedish group that is owned by the family Kamprad, that also founded IKEA. Aboutcom is an online source for original information and advice and is among the top 15 US Websites ( Nielsen Online Spring 2008 Events 240 BC - 1st recorded Perihelion passage of Halley's Comet. Year 1926 ( MCMXXVI) was a Common year starting on Friday (link will display the full calendar of the Gregorian calendar. "Sverige" redirects here For other uses see Sweden (disambiguation and Sverige (disambiguation.
© 2009 citizendia.org; parts available under the terms of GNU Free Documentation License, from http://en.wikipedia.org
 Dapyx Software network: MP3 Explorer | Ebook Manager | Zenithic