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Ingvar Feodor KAMPRAD

Primary Position:
Senior Advisor
Primary Company:
IKEA Group
Estimated Net Worth:
At least $450 million
Source of Wealth:
Self-Made
Age:
91
Birthday:
30 March 1926
Religion:
Christian
Nationality:
Sweden
Hometown:
Ljungby, Kronoberg, Sweden
Marital Status:
Widowed

Biography

Kamprad was born in a rural farming village in Sweden in 1926. He founded a furniture business named IKEA at age 17 with money from his father for his school achievements. In 1957, Kamprad invented the "flat pack" and opened his first store a year later. He gradually developed the IKEA Group into a global furniture retailer. He left Sweden for Switzerland in the 1970s to avoid paying high taxes. In the 1980s, he relinquished his management and ownership in the group to ...

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Education History

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Interesting Facts

Kamprad's grandparents immigrated to Sweden from Sudetenland (now known as Czech Republic), but his grandfather committed suicide shortly afterwards. Kamprad said his hardworking grandmother who raised three sons on her own was an important role model for him.

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Interests, Passion, Hobbies

Kind of Interests, Passion and Hobbies: Writing
Description: 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, which has since been considered the fundamental ideology of the IKEA furniture retail concept. Additionally, he also worked with Swedish journalist Bertil Torekull on the book "Leading by Design: The IKEA Story" in 1999.

Kind of Interests, Passion and Hobbies: Horticulture
Description: Reportedly likes gardening and cultivating roses.

Kind of Interests, Passion and Hobbies: Alcoholic Beverages
Description: Struggles with alcoholism, and tries to abstain from drinking for short periods, three times per year. Owns a vineyard in Provence, France.

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Philanthropy

Giving Profile: Member of the Board of Directors of the Kamprad Family Foundation, which reportedly had more than $300 million in assets. Also donates through Stichting IKEA Foundation, the philanthropic arm of Stichting INGKA Foundation. Gives primarily to refugee, child rights, immunization, environment and wildlife, education, and medical research causes. Recipients include the United Nations Children's Fund, the United Nations High Commissioner for Refugees, the World Health Organization as well as universities and research centers. Reportedly also donated to Jewish organizations as an atonement for his early Nazi sympathies.

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