Forbes magazine has published their annual list of the world’s richest men. The World’s Billionaires lists Ingvar Kamprad as #7 on the list of the wealthiest men.
Though he’s been on the list of billionaires for a number of years now, it might surprise many to know that Ingvar Kamprad does not actually own IKEA. Noone does. IKEA is actually held by a foundation - that’s right…the world’s largest furniture company is legally governed under Dutch laws for charities. From the article, IKEA Corporate Structure
IKEA is privately held by a foundation, which in turn owns a group that controls the companies that run IKEA’s individual operations. Responsible for this tangled web of corporations, foundations and tax shelters is IKANO, a Swedish group also owned by the Kamprad family that is primarily concerned with managing the Kamprad family fortune, though interestingly, in 2008 it owned 25% of Habitat, another large European based furniture store.
Still, the story of IKEA and Ingvar Kamprad’s life are fascinating. Read about Kamprad’s rise to success in the article, IKEA History.

February 2009 





