iv. A profile of the Entrepreneur and the business.
Ingvar Feodor Kamprad; born 30 March 1926) is a Swedish business magnate and the founder of IKEA, a retail company.
Name Origin :
Acronym comprising the initials of the founder's name (Ingar Kamprad), the farm where he grew up, (Elmtaryd), and his home parish (Agunnayard, in Smaland, South Sweden)
Billionaire Ranking :
11th, worth 23 Billion.
Salary :
Unknown.
Drives :
15 years old Volvo 240.
Package :
IKEA hatched the flat package idea in 1950s when an employee could not fit a table in the trunk of a car. The worker decide to take the legs off and reattach them later. By shipping furniture unassembled in flat packages. IKEA saved on shipping costs and assembly.
Employees :
75, 000.
Sales :
$31.7 Billion.
Charity :
The Dutch-registered Stichting INGKA Foundation is named after Kamprad, and owns INGKA Holding, the parent company of all IKEA stores.
Known For :
Good Design, Good Function, Good Quality with Low Prices.
Fun Facts :
When he was turning 80 he said : "I have a lot things to do, I don't have time for dying".
