Ingvar Kamprad Biography– Feodor Ingvar Kamprad, March 30, 1926, was a Swedish billionaire business entrepreneur best known for creating IKEA, an international furniture retailer. From 1976 through 2014, he lived in Switzerland.
Feodor Kamprad (1893–1984) and Berta Linnea Matilda Nilsson (1903–1956) were married at Pjätteryd (now part of lmhult Municipality), Kronobergs län, in Smland, Sweden. His mother was Swedish, while his father was born in Germany and moved to Sweden with his parents when he was one year old.
Kamprad’s paternal grandpa, Achim Erdmann Kamprad, was born in Altenburger Land in Thuringia, and his paternal grandmother, Franzisca (“Fanny”) Glatz, was born in Radonitz (Radonice) in Bohemia in then-Austria-Hungary; they immigrated to Sweden from Germany in 1896.
The surname Kamprad is a variation of “Kamerade” (“Comrade”) and originated from the 14th century; the Kamprad family had become wealthy land owners in Thuringia by the 19th century. Paul von Hindenburg’s mother was a distant relative of Achim Kamprad.
Achim was the younger son of a landowner who had purchased the farm Elmtaryd (now standardized lmtaryd) near the little community of Agunnaryd (now part of Ljungby Municipality) in the province of Smland, which contained 449 hectares of land. He died a few years after Frans Feodor was born, leaving the property to Franzisca and, eventually, Franz Feodor. From the age of six, Ingvar Kamprad lived on the farm with his parents, sister, and grandmother.
Who is Ingvar Kamprad?
Ingvar Kamprad is a Swedish business entrepreneur with a net worth of $43.2 billion dollars.
He was born on the farm Elmtaryd in Pjätteryd, now part of the lmhult Municipality in Sweden, to Frans Feodor Kamprad, a German immigrant, and Berta Linnea Matilda Nilsson.
He began his career as a young lad, selling matches to neighbors from his bicycle. It all started when he learned he could buy matches in bulk from Stockholm at a low price and sell them individually for a high profit.
From matches, he quickly moved on to selling fish, Christmas tree ornaments, seeds, and eventually ballpoint pens and pencils.
His father played him when he was 17 years old.
Ingvar Kamprad Net Worth: How much does he have?
At the time of his death in 2018, Swedish billionaire Ingvar Kamprad had a net worth of $42.5 billion. Ingvar made his money as the co-founder of IKEA, an international retailer. IKEA now generates over $40 billion in annual revenue.
Ingvar controlled IKEA for the most of his life through a complex network of foundations and investment trusts. The Interogo Foundation, for example, owns the IKEA concept and trademarks and receives a fee on all IKEA-branded products. Stichting INGKA Foundation is a Dutch foundation that controls INGKA Holding, which is the parent corporation of all IKEA stores.
The nonprofit foundation was named the world’s wealthiest charity by The Economist in May 2006, although the Bill & Melinda Gates Foundation has since grown in size.
Ingvar Kamprad Career
He appointed his youngest son, Mathias Kamprad, as CEO of Inter IKEA Holding SA after stepping down as chairman.
Mathias and his two older brothers, who are also corporate leaders, work on the company’s overall vision and long-term strategy.
Ingvar is the head of the INGKA Foundation, which controls INGKA Holding, the parent company of all IKEA stores and is named after him.
He still owns a small percentage of the company, having moved his shareholding to Stichting INGKA Foundation and INGKA Holding as part of a complicated tax sheltering strategy.
Ingvar Kamprad was named the 11th richest person in the world by Forbes in 2013, with a net worth of $42.5 billion.
His net has grown since then.
As a result, he dropped to 162nd place on Forbes’ list.
He has a home in Switzerland, a big country estate in Sweden, and a vineyard in the Provence region of France.
He’s also been driving a Porsche for a while.
Ingvar Kamprad Age: How old is he now?
Ingvar Kamprad, the founder of Sweden’s Ikea furniture brand is 81 years old and he died at the age of 91.
Kamprad, whom the company characterized as “one of the greatest entrepreneurs of the twentieth century,” “peacefully passed away at his home” on Saturday, according to the company.
Ingvar Kamprad Wife: Facts about Margaretha Kamprad
Mrs. Margaretha Kamprad was Ikea founder Ingvar Kamprad’s second wife. At the age of 17, the Swedish billionaire launched his company. Mr. Kamprad died peacefully in his sleep on January 27, 2018, at his home in Sweden, at the age of 91.
Mr. Kamprad married his first wife Kerstin Wadling in 1950 when he was 24 years old. They had one child together, Annika Kihlbom, but their marriage did not work out and they divorced in 1960.