Ingvar Kamprad Net Worth

Ingvar Kamprad Net Worth $3.3 Billion

As the founder of IKEA, Ingvar Kamprad managed to garner a net worth of $52 billion in his life. Since a great deal of the money remained in the business, philanthropic organizations or with his family, his current net worth is only $3.3 Billion. Born on March 30, 1926 in Sweden, Ingvar Kamprad was known for his frugal lifestyle. As a child, he was raised on a farm near Elmtaryd. 

ingvar kamprad

He began a career as a salesman by buying bulk matches before selling them in smaller quantities. Before long, he took the same approach and used it for items like pencils, seeds and fish. Once he had achieved significant business success, Kamprad went on to sell furniture and began a mail-order business that became IKEA. 

In addition to his famed leadership of IKEA, Ingvar Kamprad has developed a reputation for his low-key lifestyle. Whenever he travels, he uses economy class seats and is even known to re-use tea bags. Presently, Ingvar Kamprad continues to live a low-budget existence, but has resigned as the head of IKEA. In his stead, other family members are now leading the company. The majority of his ownership in the furniture company has since been transferred to Stichting INGKA Foundation in order to lower his tax rate.

ingvar kamprad

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