Ingvar Kamprad Net Worth

How much is Ingvar Kamprad worth?

$53 Billion

Ingvar Kamprad net worth: Ingvar Kamprad is a businessman and the founder of IKEA who has a net worth of $53 billion dollars. Ingvar Kamprad was born in Sweden and went into business early in life. He is known for his frugality and tendency towards penny pinching, as much as for his amassed wealth and success. He accumulated his net worth largely through his business ventures such as IKEA. Kamprad began his career as a salesman at a very young age, buying matches in bulk and selling them at a discount. From there, it wasn't long before he began selling other items, including fish, Christmas tree decorations, seeds, ballpoint pens, and pencils. Eventually he added furniture to the mix, and the largely mail-order business that was IKEA was born. Kamprad is also well-known for his surprisingly low-key lifestyle given his massive net worth. He only travels by economy class, for instance, and is reported to do things like recycle tea bags and keep salt and pepper from restaurants for himself. This fastidious sense of cost consciousness is reflected in IKEA, which is known for its cost saving measures and its low prices compared to other furniture dealers. It is also reflected in this quote from Kamprad, which also doubles as his personal and corporate philosophy: "It is not only for cost reasons that we avoid the luxury hotels. We don't need flashy cars, impressive titles, uniforms or other status symbols. We rely on our strength and our will!"

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Brian Warner

Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.

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