Kamprad was listed among the world’s richest people with hundreds of furniture stores and fortune worth 41 billion dollars.
In a statement from the company’s social media accounts, Ingvar Kamprad’s Smaland region announced that he died in his sleep at home. Ingvar Kamprad, born in 1926 in Smaland, opened the first IKEA furniture store in 1943. Kamprad was listed among the world’s richest people with hundreds of furniture stores and fortune worth 41 billion dollars. WHO IS INGVAR KAMPRAD? Ingvar Kamprad was born in 1926 in southern Switzerland. He spent his childhood on the Elmtardy farm near the town of Agunnardy. At a younger age, Ingvar started selling matches to neighboring neighbors, buying them at a cheap price from Stockholm and selling them individually. Even though he sold it for a cheap price, he still made a good profit and he sold fish, Christmas tree decorations, fodder and pencils after the chapters.
FOUNDED İKEA WİTH HİS FATHER’S GİFT
IKEA’S GIFT In 1943, using the gift given to him by his father, he founded IKEA and started to sell under that name. IKEA oluşturyler name and the town where the names of the farm formed the initials. Under the IKEA brand, he sold pens, wallets, picture frames, watches, jewels and nylon stockings, and kept these at affordable prices.
SHOWROOM IS IKEA’S TURNING POINT
Kamprad began to sell furniture two years later, received positive reactions and expanded its line, in the following years Almhult’s furniture for the following years was completely focused on home furniture. The opening of the showroom was the turning point of IKEA because for the first time people had the opportunity to see and touch them before ordering the furniture. Thus, despite the risk of lowering the quality of the price wars entered with competitors, quality furniture and affordable price policy came to the fore. In 1955, IKEA began designing its own furniture after the pressures from competitors and boycotts of suppliers.
4th in the Millionaire List
In 2006, Ingvar Kamprad was ranked fourth in the esi billionaires list et of Forbes Magazine with a fortune of 28 billion dollars. Kamprad began to live in Epalinges in Switzerland since 1976. In a local television interview, Ingvar uses a fifteen-year-old car, only flying in the economy class, and always advising his employees in IKEA to use both sides of the paper.