Ingvar Kamprad, the Swede who founded furniture retail chain IKEA, has overtaken Microsoft's Bill Gates as the world's richest man, according to reports on Swedish television.
Citing this week's edition of the Swedish business weekly Veckans Affarer, public service SVT2 television said Kamprad, 77, has a personal fortune of 400 billion crowns - $53 billion.
Gates' fortune is put at $47 billion, according to the latest list of the world's richest people in Forbes magazine.
Flyingbronco05 From United States of America, joined May 2002, 3838 posts, RR: 3 Reply 3, posted (9 years 2 months 2 weeks 2 days 15 hours ago) and read 1043 times:
According to CNN and Forbes, it is still Bill Gates.
rank name age worth ($bil) country of citizenship
1 William H Gates III 47 40.7 United States
2 Warren E Buffett 72 30.5 United States
3 Karl & Theo Albrecht -- 25.6 Germany
4 Paul G Allen 50 20.1 United States
5 Prince Alwaleed Bin Talal Alsaud 46 17.7 Saudi Arabia
6 Lawrence J Ellison 58 16.6 United States
7 Alice L Walton 54 16.5 United States
7 Helen R Walton 83 16.5 United States
7 Jim C Walton 55 16.5 United States
7 John T Walton 57 16.5 United States
7 S Robson Walton 59 16.5 United States
12 Liliane Bettencourt 80 14.5 France
13 Kenneth Thomson & family 79 14.0 Canada
14 Ingvar Kamprad 76 13.0 Sweden
15 Birgit Rausing & family -- 12.9 Sweden
16 Steven A Ballmer 46 11.1 United States
17 John W Kluge 88 10.5 United States
18 Barbara Cox Anthony 79 10.3 United States
18 Anne Cox Chambers 83 10.3 United States
18 Amancio Ortega 67 10.3 Spain
21 Forrest E Mars Jr 71 10.0 United States
21 Jacqueline Mars 64 10.0 United States
21 John F Mars 66 10.0 United States
24 Michael Dell 38 9.8 United States
25 Abigail Johnson 41 8.2 United States
Sevenair From United Kingdom, joined Feb 2001, 1728 posts, RR: 0 Reply 4, posted (9 years 2 months 2 weeks 2 days 15 hours ago) and read 1041 times:
But hey-he is the exact opposite to Bill Gates-he give people good quality stuff at a price that is so low that as many people as possible can afford it-unlike Microsoft, which is both unethical, has monopolies and charges the eart-it is still good old IKEA, with only 160odd stores worldwide who is best. And all this from a man, who at 16 registered the name IKEA when he sold matchsticks at the local market. Well done Ingvar, and remember your old saying "most things still remain to be done, in all, a glorious future". With this in mind IKEA is set to grow even further, and even when I leave IKEA, I will still be a huge fan, and follow the company closely! THe IKEA story is a one of amazement, joy, pain, and learning to do things differently-with one key goal- To create a better every day living for the many people"
From, a devoted member of the IKEA family, Gateshead, (store 143).
MoPac From United States of America, joined Sep 2003, 215 posts, RR: 0 Reply 12, posted (9 years 2 months 2 weeks 2 days 11 hours ago) and read 955 times:
According to CNBC & Mr. Kamprad the only way his net worth could be anywhere near the 53 Billion claim by the Swedish magazine is if you included all of the interests that he's given away to charities over the last 20 years. As commendable as it is, he's given away to charity somewhere in the neighborhood of US$35 Billion at present values. But in the end, since those holdings are no longer in his possession, most rankings do not consider them.
On a side note, I think those reporters might have worked for Donald Trump at one time or another... "I only own 10% of that building??? Well, tell Forbes I own 70% so I will make 'The List'."
LH423 From Canada, joined Jul 1999, 6501 posts, RR: 55 Reply 17, posted (9 years 2 months 2 weeks 2 days 9 hours ago) and read 919 times:
Racko: According to the website, with 700 out of the 5,000 Aldi markets in the US, it'd be a bit of an understatement to say they're just "growing" . We don't have any in Massachusetts yet but I have heard of them.
« On ne voit bien qu'avec le cœur. L'essentiel est invisible pour les yeux » Antoine de Saint-Exupéry
MD11Engineer From Germany, joined Oct 2003, 13369 posts, RR: 64 Reply 18, posted (9 years 2 months 2 weeks 2 days 8 hours ago) and read 904 times:
Aldi definitely made a huge impact in Ireland, where they, together with Lidl, broke the grocery monopoly of Dunnes Stores and Tesco.
BTW, much of my furniture comes from Ikea. One thing I like about their products is that they continue certain items for a long time. I can always get add-ons for my bookshelves if I run out of space, even though I bought the first section almost 20 years ago.
Sevenair From United Kingdom, joined Feb 2001, 1728 posts, RR: 0 Reply 22, posted (9 years 2 months 2 weeks 2 days 4 hours ago) and read 867 times:
MITaero: do you know how much IKEA gives to charity? ANd Ingvar was a Nazi sympathiser in his youth. Now each store has its own nominated charities. We give millions to Unicef and other charities. When you consider how much MS has spare, its not a great deal. IM not geoing into a IKEA/MS debate. IKEA is a MUCH smaller company than MS.
And IKEA products are of a high quality. Since the 1960s, the IKEA products have 'Mobelfactor' (not too sure of the spelling) which came from a review of Swedens leading home furnishings magazine, which proved that IKEA products are of a high quality at a low price. IKEAs costs are lower, so if you comapre a £500 sofa from IKEA< and a £500 sofa from Marks and Spencer Lifestore, the IKEA one would be of a better quality as a greater % of the cost goes into the actual sofa, and not expensive overheads, or large profit margins. 'Throw away products' are not IKEA. ANd when you think about ir, the place has curtains for £3.50, so I doubt you would expect those to last forever.
Sevenair From United Kingdom, joined Feb 2001, 1728 posts, RR: 0 Reply 25, posted (9 years 2 months 2 weeks 1 day 19 hours ago) and read 786 times:
Bofredrik-actually IKEA is totally against worker exploitation-it makes suppliers sign a contract promising fair treatment to all workers, and no child labour and agree that an IKEA representitive will turn up totally unannounced to ensure that the supplier does keep up. So im sorry, 'companies like IKEA' (I take it you mean a multinational) may explout, but IKEA itself does not.
YEah true, other companies may do that, but not at a price that as many people as possible can afford it. And I dunnu, but Ace OF Base (swedish band) Singer 'Ulf' was also a Nazi fan so I dont know if it a Swedish youth thing, but IKEA is a great place to work if you are gay, or black, or a Jew (all the things a Nazi symphasyser would hate), because Ingvar has ensured that IKEA as a workplace is one which is fair and treats all equally. I am going to be in a two page spread inthe company worldwide employee magazine ("ReadME"-which was commissioned by Ingvar) about bein gay in IKEA-and im sure if Ingvar was still a Nazi fan then surely he would do something to stop it as Seniou Advisor to the company. We all do weired stuff when we are young, so I dont see why people stil keep harking on about it