• Sweden edition
 
'I am too busy to die': Ingvar Kamprad

'I am too busy to die': Ingvar Kamprad

Published: 07 Oct 2012 11:15 GMT+02:00
Updated: 07 Oct 2012 11:15 GMT+02:00

Ingvar Kamprad, the 86-year-old founder of Swedish furniture giant Ikea says he has no plans to retire and rejects any idea of the company going public.

Kamprad's statements appeared in an interview published in the latest edition of Swiss business magazine Bilanz.

"The company will never go to the market," Ingvar Kamprad told the magazine.

"We want to keep strict self-financing."

Named by Swiss media in June as Europe's richest man with an estimated

fortune of $37.5 billion, including holdings in the family-owned foundation, Lake Geneva resident Kamprad also rubbished recent reports that he intended to step down.

"Oh, I have so much work to do and no time to die," he said, in an apparent

reference to reports in the Swedish media in September that he was about to

pass the baton to his three sons Peter, Jonas and Mathias.

In the interview, Kamprad also spoke about alleged disputes with his sons,

all of whom have key roles in the business that employs 131,000 people in 41

countries, according to Bilanz.

"We do not always agree. But that's normal in a family," Kamprad said.

Despite his enormous wealth Kamprad confirmed his reputation for frugality,

saying he lived "humbly and privately."

Kamprad, who founded Ikea in 1943 in his home town of Älmhult in southern

Sweden, has faced harsh criticism in the past for his ties to the Nazi youth

movement during World War II.

He later described the period as the "folly of youth" and "the greatest

mistake of my life."

AFP/The Local/nr

Follow The Local on Twitter

Don't miss...X
Left Right

Your comments about this article

Today's headlines
Eco-conscious Swedes in hen house trend
Chickens photo: Shutterstock.

Eco-conscious Swedes in hen house trend

Fresh eggs from the hen house at the bottom of the garden is the latest eco-friendly fad being pursued by Swedish urbanites ready to run the risk of a little neighbourhood friction to keep their Saturday pancakes organic. READ () »

Football fan father leaves baby in sweltering car
Parked car photo: Shutterstock.

Football fan father leaves baby in sweltering car

A baby was saved from a car parked in the stifling heat outside of a football stadium in western Sweden on Sunday with the child's father believed to be at the game. READ () »

Police launch probe after Easter ferry smash
A coastguard vessel involved in the rescue operation. Photo: TT

Police launch probe after Easter ferry smash

Stockholm police are investigating criminal negligence in connection with a crash involving a small taxi vessel and a giant Finland-bound ferry on Friday which left three people needing rescue from the icy waters of Stockholm's archipelago. READ () »

Ikea to introduce 'green' vegetarian meatballs

Ikea to introduce 'green' vegetarian meatballs

Swedish furniture giant Ikea is planning to put vegetarian meatballs on the menu in an attempt to cut down on its carbon footprint, the company has announced. READ () »

Students to keep paying off debt beyond 67

Students to keep paying off debt beyond 67

The Swedish government has proposed scrapping the 25-year span for repaying student loans, by suggesting those who attend higher education should keep paying the money back well into retirement. READ () »

Drowned puppies found in crayfish cage
The crayfish cage in the picture is not the one mentioned in the story. Photo: Christine Olsson/TT

Drowned puppies found in crayfish cage

Police in eastern Sweden have launched a preliminary investigation of animal cruelty after two puppies were found drowned in a crayfish cage. READ () »

Three rescued after cruise ship sinks boat
Rickard Rundgren Björk of the coastguard services speaks to the media after the rescue operation on April 19th 2014. Photo: Maja Suslin /TT

Three rescued after cruise ship sinks boat

Three Saturday morning sailors had a lucky escape after their small boat collided and sank after it crashed into a cruise ship whilst sailing in the Stockholm archipelago. READ () »

Missing Swede found alive and well in UK
Sofie Marie Jansson. Photo: Metropolitan Police

Missing Swede found alive and well in UK

British police have found the missing Swedish girl Sofie Jansson in London, exactly a week after she was last seen, with authorities saying she is doing well. READ () »

Social Democrats make tax pledge to elderly

Social Democrats make tax pledge to elderly

Sweden's opposition party has stepped up its efforts to secure the pensioner vote by pledging to lower taxes for the elderly and make higher earners pay more. READ () »

Malmö Nazi attack victim on the mend
Showan Shattak pictured in Malmö before his attack. Photo: Facebook

Malmö Nazi attack victim on the mend

The 25-year-old man, whose stabbing by neo-Nazis sparked mass demonstrations across Sweden, has made a strong recovery in hospital and took to social media to thank supporters for campaigning against fascism. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
TT
Society
Kids in Victorian garb mark Swedish Easter
Shutterstock
National
Swedish MP ordered chemtrail probe
Society
Swedish supermarket Ica pulls contested Easter commercial off air
Kungahuset
Society
Swedish royals set baptism date for princess
finest.se
Gallery
People-watching April 16
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
Advertisement:
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
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
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 »

718
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