Furniture for all: IKEA founder Ingvar Kamprad dies at 91

Founder of Swedish furniture firm Ikea Ingvar Kamprad dead aged 91

Billionaire IKEA founder Ingvar Kamprad has died aged 91, the Swedish company said on Sunday, with the furniture empire he launched more than half a century ago familiar around the globe.

Founded in 1943 when Kamprad was 17, Ikea sold picture frames, nylon stockings, udder balm and other small-town necessities before turning to low-cost furniture and home furnishings. The founder of Ikea, as well as a bank for its customers, Ikano, "was "surrounded by his loved ones", and died "following a short illness".

Born in 1926 to a farming family in Smaland, Kamprad, whose 2017 fortune was estimated at €37.3 billion (1.45 trillion baht) according to the Swiss economic magazine 1, founded the company at the age of 17. Whether it's easy to assemble is another matter entirely, and following Krampad's death, several people on Twitter made the same light-hearted joke poking fun at the difficulty of building an IKEA piece. Kamprad disavowed his participation with the groups, describing it in a letter to Ikea employees as a youthful mistake and "a part of my life which I bitterly regret".

"People have tried to reproduce and copy that, but unsuccessfully", he said. "He really left an indelible imprint on retail and on consumers' lives".

Around that time, Kamprad's management style also came under criticism.

"Now I have told all I can", he said at a book release ceremony at an IKEA store in suburban Stockholm. But Kamprad's relationship with his homeland was sometimes complicated.

In the 1970s he moved to Switzerland to avoid paying Swedish taxes, which were the highest in the world, and only moved back in 2011. He chose to return home only after his second wife Margaretha died in 2011. They had two cars, a 2008 Skoda and a 1993 Volvo 240.

Sweden's King Carl XVI Gustaf said Sunday in an emailed statement to news agency TT that Kamprad was "a true entrepreneur" who brought the Scandinavian country "out to the world" while remaining "a down-to-earth person with a great commitment". But the heady valuations assumed his assets were Ikea's, and in the last several decades the company has restructured so that its assets are owned by a foundation created by Kamprad. Records from his estate showed he donated more than $20 million to philanthropic causes in 2012 alone.

Famously frugal - reusing teabags and flying economy class - Mr Kamprad's most robust design is not the Kilppan sofa or the Billy bookshelf, but the Ikea empire itself.

"There was an unwritten law for Ikea's upper management - loyalty to Ingvar until death", Stenebo wrote.

Related news:

Hot News

isis-killer-beheading-video-story-top Shinsuke Nakamura Wins Royal Rumble, "Wrestlemania XXXIV" Title Match Set
Jan 29, 2018 - 05:48
The match often features legends from the past and its conclusion officially kicks off the so-called road to WrestleMania . Tonight's Royal Rumble is wide open with about a dozen possible ways the 30-man over the top battle royal could play out.

isis-killer-beheading-video-story-top Westbrook, Anthony lead Thunder past Pistons
Jan 29, 2018 - 05:47
The Pistons infamously picked Darko Milicic over Anthony in the 2003 draft, and Anthony hasn't forgotten. Oklahoma City rattled off its eighth straight win Sunday with a 122-112 home victory over the 76ers.

isis-killer-beheading-video-story-top Deadly Attack at Small Town Car Wash
Jan 29, 2018 - 05:43
Shots rang out about 2:40 Ed's Car Wash in Melcroft, about 53 miles (85 km) southeast of Pittsburgh, police said. There's no word if the shooter was one of the deceased but sources say there is no immediate threat to the public.

isis-killer-beheading-video-story-top Harry Kane rescues draw for Spurs against Newport County
Jan 29, 2018 - 05:40
Spurs introduced Son Heung-Min at half-time and Dele Alli shortly afterwards, and the visitors dominated the second period. In the 35th minute, Spurs were awarded a free kick thirty yards out from goal after Labadie brought down Kane.

isis-killer-beheading-video-story-top Elton John: What Prince Harry inherited from Princess Diana
Jan 28, 2018 - 00:42
So, though everyone keeps calling Meghan Markle Princess Meghan, she won't technically have that title even after she marries Prince Harry in May.

isis-killer-beheading-video-story-top Caroline Wozniacki holds off Simona Halep to secure first grand slam title
Jan 28, 2018 - 00:41
But back to 1990, which also happens to be the year that Caroline Wozniacki , Danish tennis star and diehard Reds fan, was born. Halep had two matches ahead of the final where she faced match points , while Wozniacki only had one encounter.

isis-killer-beheading-video-story-top Democrats, Trump blamed equally for U.S. gov't shutdown
Jan 28, 2018 - 00:40
During that race, Cruz notably told a DACA recipient he believed she should be sent back to her home country. Trump initially pledged to support whatever DACA bill congressional negotiators came up with.

isis-killer-beheading-video-story-top WRAPUP 1-HIGHLIGHTS-Tennis-Australian Open day 12
Jan 28, 2018 - 00:39
He had previously conquered Federer in three sets in the semi-finals on the way to his 2014 US Open triumph. He said: "I thought the first set was kind of normal, I couldn't tell what was going on with my opponent".

isis-killer-beheading-video-story-top Chelsea vs Newcastle United, FA Cup fourth round
Jan 28, 2018 - 00:19
The Blues boss, whose side crashed out of the Carabao Cup at Arsenal this week, insists he does not fear the bullet himself. Chelsea will also be without Thibaut Courtois and Willian when they host Newcastle in the fourth round of the FA Cup .

isis-killer-beheading-video-story-top Closing arguments set in road rage killing of ex-NFL player
Jan 28, 2018 - 00:17
Prosecutors told jurors Friday the evidence shows Gasser angrily pursued McKnight and shot him from inside his own auto . McKnight, 28, spent his professional years with the New York Jets and Kansas City Chiefs .

isis-killer-beheading-video-story-top February's Games With Gold Lineup Features Swords and Speed
Jan 27, 2018 - 20:23
The first Shadow Warrior game launched in 1997 and was heralded as significant evolution for the first-person shooter genre. Some of the downloadable contents will be made available on the first day and the others on the 16th of the month.

isis-killer-beheading-video-story-top Henry Cavill thought Mission: Impossible 6 would kill him
Jan 27, 2018 - 20:21
Speaking about the forthcoming movie, Tom said: "There is one big set piece, which has been two years in the planning". Cavill - who was also on the show along with Ferguson and Pegg - admits that the scene frightened him a bit.

isis-killer-beheading-video-story-top Rep. Joe Kennedy to Deliver Dem Response to Trump's SOTU
Jan 27, 2018 - 20:19
Elizabeth Guzman of Virginia will deliver the Spanish-language response to Trump's speech. Senate Minority Leader Chuck Schumer, D-N.Y., offered praise for Kennedy and Guzman.

isis-killer-beheading-video-story-top IPL Auction 2018: Start Time, Players List and Remaining Budgets
Jan 27, 2018 - 20:19
Kings XI Punjab , Mumbai Indians and RR fought for the player, who was sold to Kings XI Punjab with highest bid of Rs 5.2 crore. Stokes remains a hot pick after his phenomenal IPL debut last season with Rising Pune Supergiant, who finished runners-up.

isis-killer-beheading-video-story-top Samsung Galaxy S9 and S9
Jan 27, 2018 - 20:18
With the Galaxy S9 series, Samsung is putting more focus on mobile photography as evident from its invite for the Unpacked event. The Galaxy S9 and Galaxy S9 + will be iterative updates to Galaxy S8 and Galaxy S8+ and will have minor design changes.