Ingvar Kamprad was a Swedish business magnate. Kamprad was the founder of the Retail Company of furniture at IKEA which is a multinational company. He lived for almost 38 years in Switzerland from 1976 to 2014. His first detail was on philosophies of frugality and also a Furniture Dealer. He died in the year 2018 at the age of 91. Keep reading to know more about the net worth of Ingvar Kamprad in 2020.
Early life and Biography
Ingvar Kamprad was born on March 30, 1926, in Smaland, Sweden. His father belongs to Germany while his mother was formed Swedish. Kamprad grandfather was from Altenburger Land in Thuringia and grandmother from the Radoniz.
Kamprad was married to Kerstin Wadling and adopted daughter, Annika. He married second time with Margaretha Kamprad-Stennert in 1940 and left her in 2011.
Career, Awards, and Nominations
Ingvar has started his career in the field of business. At the age of five, he starts selling matches and later started selling while riding a bicycle. After, he starts selling to Stockholm in the bulk quantity with the low price which helped him to get the good profit instantly. Later, he starts selling seeds, pencils, and pens. He also received the cash reward for completing studies.
In 1943, he was the founder of IKEA located in Sweden and later added furniture in his business. He provides services while accepting requests on mails. The first two alphabets of his company IKEA has taken from his name Ingvar Kamprad and the third work Elmtaryd from his born place and last Agunnaryd from his village where he rose.
In 2006, the company was reported by The Economist to be the wealthiest charity of the world. An article has revealed that the Kamprad was the world’s wealthiest people, the family has directly rejected this. He worked as a private person and published different notable works. His work in Swedish journalist Bertil Torekull was also mentioned in his one of the philosophies and revealed everything about the founding of IKEA.
In his book leading by Design, he mentioned the Nysvenska Rorelsen and said that joining the organization was the huge mistake that he did in his life. He revealed all about his engagement with the New Swedish Movement at the teenage time and was influenced politically by father and grandmother.
Net Worth and Earnings
Ingvar has made his net worth of around $59 billion. His earning from IKEA has been calculated about $1.5 billion while his daughter received $300,000 from the company. He earned about $23 billion before eight years, and in 2016 his earning has been increases about $3.4 billion. Later, he increased his earnings quickly and became one of the richest business personalities.
Kamprad has earned huge respect in his business and started a business at the age of five. His skills helped him to make his business wider and later founded IKEA. In 2018, he died while at the age of 91 and his half inheritance will be used for the projects which he left.