Who Is Ingvar Kamprad? Age, Biography and Wiki
Ingvar Kamprad was born on March 30, 1926, in Pjätteryd, Sweden. He founded IKEA in 1943, initially selling small household items from his home. His innovative vision turned IKEA into a global furniture giant known for its affordable and stylish products. Kamprad led the company with a unique business philosophy that combined cost-efficiency with design appeal, impacting how furniture is manufactured and marketed worldwide. Kamprad passed away on January 27, 2018, but his legacy continues to influence the furniture and retail industries.
| Occupation | Billionaire |
|---|---|
| Date of Birth | March 30, 1926 |
| Age | 91 Years |
| Birth Place | Pjätteryd, Sweden |
| Horoscope | Aries |
| Country | Sweden |
| Date of death | 27 January, 2018 |
| Died Place | Älmhult, Sweden |
Popularity
Ingvar Kamprad's Popularity over time
Height, Weight & Measurements
As of 2025, details about Ingvar Kamprad's physical attributes remain part of his historical profile, not typically discussed in modern terms. During his lifetime, he was known for maintaining a modest frame reflective of his practical lifestyle. Specific measurements were not widely publicized.
Family, Dating & Relationship Status
Ingvar Kamprad was married to Margaretha Kamprad, with whom he had three sons: Peter, Jonas, and Mathias. His family's involvement in the business, especially in leadership roles, has been notable as they continued his legacy after his death. Throughout his life, Kamprad was known for valuing family connections and often included them in significant business decisions.
Feodor Ingvar Kamprad (30 March 1926 – 27 January 2018) was a Swedish billionaire business magnate who founded IKEA in 1943 and grew into a multinational retail company that became the world's largest furniture seller in 2008. He moved to Switzerland with his Swiss wife in 1976, moving back to Småland in 2014 after her death in 2011.
Net Worth and Salary
At the time of his passing, Ingvar Kamprad's net worth was estimated to be around $58.7 billion, making him one of the wealthiest individuals in the world. Much of his wealth stemmed from the massive success of IKEA, which remains one of the top furniture retailers globally. His salary was not publicly disclosed, but it was believed to be significantly tied to the company's revenue, which was in the billions.
In March 2010, Forbes magazine estimated Kamprad's fortune at US$23 billion, making him the eleventh richest person in the world.
A year later, he fell to 162nd after his lawyers produced documents proving that the foundation he established and heads in Liechtenstein owns IKEA, and that its bylaws bar him and his family from benefiting from its funds.
In June 2015, Kamprad was listed as the eighth wealthiest person in the world in the Bloomberg Billionaires Index, with an estimated net worth of $58.7 billion. Forbes reported Kamprad's net worth as of March 2015 to be $3.5 billion.
Career, Business and Investments
Kamprad founded IKEA at a young age, initially selling items via mail order. The brand grew rapidly throughout the late 20th century and is known for its flat-pack furniture concept, which revolutionized the industry. He emphasized cost-cutting measures, efficiency, and a unique shopping experience, allowing customers to assemble products themselves. Apart from IKEA, he was involved in various other investments and business ventures, primarily focused in Sweden and across Europe.
Ingvar attended Gothenburg's Handelsinstitut, now part of Hvitfeldtska Gymnasiet, from 1943 to 1945. In 1943, when he was 17 Kamprad founded IKEA at his uncle Ernst's kitchen table. In 1948, Kamprad diversified his portfolio, adding furniture. His business was mostly mail order.
Social Network
Ingvar Kamprad’s influence extended beyond traditional social networks; however, he was known for his minimalist approach to public scrutiny. Even as a billionaire, Kamprad maintained a low profile and did not engage actively on social media platforms during his lifetime, opting for privacy. His thoughts and insights can be found in various interviews and print publications.
Facing rejection from his family and economic hardship in post-industrial Germany are likely what spurred Achim and Franzisca to leave their homeland and, after seeing an ad in a hunting magazine, purchase a timber estate near Agunnaryd, Sweden, where they moved with their young children in the winter of 1896.
Education
Kamprad had limited formal education, having struggled academically due to dyslexia. However, he was a voracious self-learner and absorbed knowledge on business strategies, marketing, and design through experience and practical learning. His entrepreneurial spirit was demonstrated early when he started his first venture at 5 years old selling matches to neighbors.
In conclusion, Ingvar Kamprad's life and achievements embody the spirit of innovation and resilience. Although he is no longer with us, his impact on furniture design and retail continues to shape the industry, making him a pivotal figure in modern business history.
