• Sweden edition
 
Kamprad gives millions to house Swiss retirees

Kamprad gives millions to house Swiss retirees

Published: 27 Jun 2012 12:48 GMT+02:00
Updated: 27 Jun 2012 12:48 GMT+02:00

Kamprad, now 86 years old, has decided to offer the French-speaking town of Epalinges in the canton of Lausanne 10 million francs ($10.4 million) to build special accommodation for retirees, Swiss newspaper 24 Heures reports.

The Swede, whose flatpack furniture empire has made him one of richest people in the world, is a well-known figure in the Swiss town where he has been resident for 36 years.

“Mr Kamprad insisted that the ground and walls should belong to the municipality and not to a foundation," the town's mayor, Maurice Mischler, told the newspaper.

The money will be used mainly to build 20 apartments, with a communal space for entertainment. Rents are to be set at an affordable rate for the new prospective tenants.

“The goal is to focus on people in need,” the mayor told online news site 24 Heures.

Some of the money will be used to fund a study examining the possibility of building fifty more such apartments.

Kamprad has requested that the apartments be constructed close to a school to facilitate communication across the generations, 24 Heures reported.

According to the newspaper, Kamprad's apparent dislike for the town's previous government explained why he waited until now to make his donation.

The Local Switzerland

Follow The Local Switzerland on Twitter

Your comments about this article

13:39 June 27, 2012 by G Kin
Will he retire there himself?. Nice gesture even if it makes the already rich and comfortable even more comfortable.
15:04 June 27, 2012 by Casual
There is no Swiss canton of Lausanne. Epalinges is in the canton of Vaud.
15:20 June 27, 2012 by RobinHood
It's good to see wealthy philanthropists giving money to the needy citizens of Switzerland.

I'm going to follow his example and divert my own small charitable contributions from orphan children in Niger and Congo, and send it to Switzerland instead. Lead the way Mr Kamprad.
15:56 June 27, 2012 by Hauser
@RobinHood

Since there is quite a large number of Swedes living in here Switzerland they will profit from this investment as well (when they are old) :-)
16:37 June 27, 2012 by RobinHood
@hauser

I think those Swedish citizens who have chosen to move themselves and their assets to Switzerland make quite enough profits already thank you very much. Don't you?
16:59 June 27, 2012 by skogsbo
not sure what is wrong with making profit? All of his 10,000 Swedish employees live, work and pay tax in Sweden, plus Ikea will have to pay quite substantial employers tax for them too. He also gave 1 Billion Krona to his home county, so spending a fraction of this amount in the Canton he has himself lived for 36years seems quite nice of him too. Perhaps Robin you can tell us about how generous you have been in the past few years to charities etc. ? I'd imagine he is only trying to keep up with your generosity? ;)
17:20 June 27, 2012 by Hauser
@RobinHood

Yeah probably right.

...and like most expats - including the one's on this page - they like to complain about their host country and its people.
17:55 June 27, 2012 by G Kin
@RobinHood ,

cc Hauser

Have you forgotten that Kamprad has a NAZI PAST?. His money can not just go anywhere on purely grounds of help.
20:23 June 27, 2012 by RobinHood
@Skogsbo

Is it enough if I assure you I have never given a single Crown in charity to Switzerland, and never will?

Perhaps you might tell us about your charitable contributions to Switzerland. You are going to look an awful hypocrite if you haven't made any.
13:15 June 28, 2012 by cohen
why he doesnt think of giving some to the jews he wanted to be dead so badly in the 2ww, it would look more as if he is sorry for his nazi past, or is he?
Today's headlines
New coalition
New coalition reveals 'compromise' budget
Prime Minister Stefan Löfven and Green Party leader Åsa Romson. Photo: TT

New coalition reveals 'compromise' budget

UPDATED: Prime Minister Stefan Löfven's Social Democrat-led coalition has revealed its first budget proposal, listing plans to spend more than 20 billion kronor. READ  

Royal family
Swedish royal couple set wedding date
The couple pictured in the summer. Photo: TT

Swedish royal couple set wedding date

Sweden's Prince Carl Philip and Sofia Hellqvist, who got engaged earlier this year, have announced they will marry next June. READ  

Analysis
Sweden Democrat threats 'just a show'
Sweden Democrat leader Jimmie Åkesson. Photo: TT

Sweden Democrat threats 'just a show'

There is talk that the nationalist Sweden Democrats could trigger a fresh election, by rejecting the new coalition's budget. But leading Political Scientist Li Bennich Björkman tells The Local that the party is just game-playing and should be focusing on getting its fatigued leader back. READ  

Lifestyle
What's On in Sweden: October 24th - 31st
Chocolate and liquorice are on the menu in Gothenburg this weekend. Photo: Shutterstock

What's On in Sweden: October 24th - 31st

A secret gig in Stockholm, a short film festival in Uppsala and a gastronomy event in Gothenburg have caught our eye this week. READ  

Science
Astronaut helps launch first student satellite
Christer Fuglesang on a previous space mission. Photo: TT

Astronaut helps launch first student satellite

Sweden's debut astronaut Christer Fuglesang is helping students at KTH Royal Institute of Technology to become the first in the country to make their own satellite and send it into space. READ  

Weather
Sweden braces for ten centimetres of snow
Kiruna, in far northern Sweden, has already been hit by snow this season. Photo: TT

Sweden braces for ten centimetres of snow

Sweden's weather agency has warned that up to ten centimetres of snow are on the way for Sweden. READ  

Business and Money
Global profit boost for Handelsbanken
Handelsbanken is Sweden's second largest bank. Photo: Bertil Eriksson/TT

Global profit boost for Handelsbanken

Sweden's second-largest bank, Handelsbanken, has reported a rise in third-quarter profits, boosted by higher income from its loan book as it continues its expansion overseas. READ  

Stockholm 'sub hunt'
Sweden pulls back 'submarine' search
Navy vessels remain in the archipelago. Photo: Lars Pehrson/TT

Sweden pulls back 'submarine' search

Sweden is pulling back part of the naval operation which has been searching for a suspected Russian submarine off the coast of Stockholm for nearly a week. READ  

Julian Assange
Assange prepares for court ruling in Sweden
Julian Assange at Ecuador's embassy in the UK. Photo: Anthony Devlin

Assange prepares for court ruling in Sweden

WikiLeaks founder Julian Assange says he is "confident" his asylum status will be resolved, as he awaits an imminent ruling on his case by a Swedish court. READ  

Opinion
'Why were we kept in the dark for years?'
The submarine hunt is now in it's sixth day. Photo: TT

'Why were we kept in the dark for years?'

Military expert Johanne Hildebrandt tells The Local that the biggest question in the Stockholm submarine hunt hasn't been answered yet - why don't we know more about the "other operations" from the last few years? READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Gallery
People-watching: October 22nd
Gallery
In Pictures: Prince Carl Philip and Sofia Hellqvist
Lifestyle
Eight things to love about renting a Swedish apartment
National
Vasa ship cannon blasted in Sweden
National
Sub hunt: Day-by-day
Blog updates

21 October

Denna & den här (The Swedish Teacher) »

"?Denna? or ?den hr?? Swedish language students often ask question about different pronouns. One pronoun that especially..." READ »

 

19 October

Getting it (Blogweiser) »

"Follow Joel Sherwood on FB Few watch baseball in Sweden. This is excellent when your team loses..." READ »

 
 
 
National
Sub hunt: Stockholm islanders share their fears with The Local
Sponsored Article
The best options for oversea transfers
National
Get 20% off unique Swedish homeware
National
Dentist gives free care to Roma beggars
Business & Money
Get your own office in Gothenburg or Stockholm - free for a day
Gallery
Property of the week: Malmö
Gallery
PHOTOS: 'Foreign activity' in Swedish waters
Gallery
People-watching: October 19th
TT
Society
QUIZ: How good is your Swedish?
Lifestyle
What's on in Sweden: October 17th - 24th
Society
The nudity... and nine other things expat men notice in Sweden
Gallery
People-watching: October 15th
Gallery
Your views: Should outdoor smoking be banned in Sweden?
Business & Money
Sweden has 'large hole' in finances
Sponsored Article
Introducing... Finding a job in Stockholm
Society
Monster salmon caught in northern Sweden
Gallery
Property of the week: Lorensberg
National
Scandinavia's child bride
National
Ebola crisis: How is Sweden preparing?
Business & Money
How Sweden is becoming a cashless society
Gallery
Stockholm Burlesque Festival 2014
National
How a little red horse became a symbol for Sweden
Gallery
People-watching: October 12th
Business & Money
The hottest start-ups from southern Sweden
National
What's on in Sweden: October 10th - 17th
National
Stockholm is 'best' region for well-being
Gallery
People-watching: October 8th
National
Five facts to know about Patrick Modiano
Society
My Swedish Career: A French fashionista in Sweden
Society
Swede's anti-bully Facebook tale goes viral
Society
Have you seen Sweden's viral subway cancer campaign?
National
Isis: Swedes linked to Turkish prisoner swap
National
Should Swedes be banned from buying sex abroad?
Gallery
Fredrik Reinfeldt's leaving presents
National
Five Swedish TV shows you shouldn't miss
Gallery
A tool belt, a casserole, and a book. Fredrik Reinfeldt's parliament gifts
TT
Lifestyle
Top five winter festivals in Sweden
TT
National
Sami reindeer herders win mine reprieve
Gallery
Property of the Week: Gamla Enskede
Sponsored Article
How to catch the first lobster of the year
Politics
Ten new minister faces you should know
Team SCA
Sponsored Article
All-female SCA team takes off on Volvo Ocean Race
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

978
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
AA-EUROPE.ORG/SWEDEN