• 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

Ikea founder Ingvar Kamprad is using some of the fortune he made helping people furnish their homes to help a small town in Switzerland build housing for elderly people.

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

Don't miss...X
Left Right

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
Ica pulls contested Easter commercial off TV
Grossed out Ica woman at Easter dinner. Screengrab from Ica

Ica pulls contested Easter commercial off TV

A Swedish supermarket has decided to withdraw its Easter commercial, after Christians complained it made a mockery of communion - "They crossed the line." Sweden's advertising watchdog will now look into the case. READ () »

Dismemberment killer gets sentence cut
The search and rescue operation in northern Sweden. File photo: TT

Dismemberment killer gets sentence cut

The 22-year-old man convicted of murdering his ex-girlfriend in northern Sweden had his sentence reduced on Wednesday, in part due to his "peculiar personality". READ () »

School gas leak sends 25 to hospital

School gas leak sends 25 to hospital

An elementary school in southern Sweden was evacuated on Wednesday and dozens of pupils were taken to hospital after the smell of gas spread through the rooms. READ () »

Swedes vote for country's nicest cock
The Flymen Church weathercock in all its newly gilded glory. Photo: TT

Swedes vote for country's nicest cock

A Swedish churchwarden has reacted with joy upon finding out the parish has Sweden's nicest weathercock. READ () »

Greens push rich tax to finance schools
Per Bolund of The Greens. File photo: TT

Greens push rich tax to finance schools

Sweden's third largest party The Greens revealed its shadow budget on Wednesday, targeting schools and youth employment. High earners would have to pitch in more. READ () »

Holiday status updates 'not a burglary risk'
Ibiza, you say? File photo: Jonas Ekströmer/TT

Holiday status updates 'not a burglary risk'

Mythbusting Swedish researchers have found no link between gushing about your upcoming holiday online and returning to an emptied house. They told The Local that a trip to Ikea could be much more dangerous. READ () »

Woman charged after accusing beggar of theft
The people in this picture are not those from the story. Photo: TT

Woman charged after accusing beggar of theft

A woman in Gothenburg who accused a beggar of robbing her has been charged with fraud and false accusations. READ () »

Swedish royals set baptism date for princess
Photo: Kungahuset

Swedish royals set baptism date for princess

Sweden's royal family has set the date for the baptism of Princess Leonore. READ () »

The Local List
Evidence Game of Thrones is set in Sweden

Evidence Game of Thrones is set in Sweden

With Swedish Game of Thrones fans frothing at the mouth at the season four premiere, The Local revisits its list of ten reasons why the hit books and show are (probably) based in Sweden. READ () »

'Baffling' Swedish raid on German sub makers
The Kockums Malmö shipyard and FMV headquarters. Files: TT

'Baffling' Swedish raid on German sub makers

After the Swedish military raided the Malmö premises of German defence giant Thyssen Krupp, a military expert tells The Local why recent Russian aggression means Sweden's Saab needs to take control of national submarine production. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
Politics
Who's the prime minister's heir?
Alfie Atkins
Society
Are children's books the key to families integrating in Sweden?
National
'Sweden Dem protests cater to party's martyr image'
National
'Swedish research grants were fantastic, but now it's like Australia'
Society
Only in Sweden: The ten problems you'd never encounter elsewhere
National
Swedes stopped to take my picture, but didn't look me in the eyes
Business & Money
A swipe of the hand replaced cash and cards in Lund
YouTube
Features
Video: Oliver Gee finds out how to embrace The Swedish Hug
TT
National
Abba duo hints at reunion
Private
National
Flash mobs hug it out across Sweden
Finest.se
Gallery
People-watching April 11-13
TT
Politics
Swedes to give six-hour workday a go
Advertisement:
TT
Society
Aussie choir member wows Abba in Sweden
YouTube
Society
Stockholm magic a surprise YouTube hit
Fastighetsbyrån
Society
Gallery: The Local's Property of the Week
Private
Society
Swedes find 200-year-old gravestone in living room
Stockholm School of Economics
Sponsored Article
Why a bachelor's degree is no longer enough
Deepti Vashisht
Features
Deepti Vashisht dissects the magic of Sweden's personal ID number
Shutterstock
Society
Ten signs you've been in Sweden too long
Society
Jimi Fritze heard every word when doctors discussed taking his organs
Society
A Swedish farmer explains why the new bestiality ban is 'pointless'
Society
'Blondes have more brains': Swedish study
TT
Society
VIDEO: Leaked 'Save Slussen' film goes viral
finest.se
Gallery
People-watching, March 28-30
ESL
Sponsored Article
Learning Swedish the easy way
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 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

Blog Update: The Diplomatic Dispatch

28 October 15:16

The Green Growth Group Summit »

"Today on the 28 October in Brussels, a large group of key EU Ministers and business people, including UK Secretary of State for Energy and Climate Change Edward Davey, and Swedish Environment Minister Lena Ek, will meet to discuss green growth. They all have a stake in resolving a challenge which, although it is crucial..." READ »

737
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