IKEA founder at top of world rich list
Published: 10 Mar 06 14:00 CET | Print version
Online: http://www.thelocal.se/3247/20060310/
IKEA founder Ingvar Kamprad has moved from number six to number four on the list of the world’s dollar billionaires published annually by Forbes Magazine.
- Ikea founder steps down from key board post (5 Jun 13)
- Brits repulsed by Ikea's gnome-bashing advert (29 May 13)
- Ikea founder rated fifth richest in the world (17 May 13)
Top of the list for the twelfth year in a row is American Bill Gates, founder and Chairman of Microsoft, with 396 billion kronor ($49.4 billion).
Only Gates, American Financier Warren Buffet with 332 billion kronor ($41.5 billion) and Mexican telecom mogul Carlos Slim Helu with 233 billion kronor ($30 billion) are worth more than Kamprad, according to the annual study.
Seven other Swedes are on the Forbes list, including H&M owner Stefan Persson (97 billion kronor, $12.1 billion) at number 32 and Sweden’s wealthiest woman, Birgit Rausing (68 billion kronor, $8.5 billion), widow to Tetra Pak founder Gad Rausing, at number 55.
According to Forbes, there are 793 dollar billionaires in the world. The total is up 15 percent from last year.
Swedish dollar billionaires
4. Ingvar Kamprad, 221 billion kronor ($21.5 billion)
32. Stefan Persson, 97 billion kronor ($12.1 billion)
55. Birgit Rausing, 68 billion kronor ($8.5 billion)
56. Hans Rausing, 67 billion kronor ($8.4 billion)
158. Antonia Ax:son Johnson, 43 billion kronor ($5.4 billion)
365. Fredrik Lundberg, 17 billion kronor ($2.1 billion)
451. Gustaf Douglas, 13 billion kronor ($1.6 billion)
512. Liselott Persson, 11 billion kronor ($1.4 billion)
H&M blames long winter for profit drop
Swedish clothes manufacturer H&M posted a larger than expected drop in quarterly profit on Wednesday, citing the unusually harsh winter in Europe and North America. READ () »
Sweden sells 6.4-percent stake in Nordea
The Swedish government announced on Wednesday that it had sold 6.4 percent of its stake in Nordic banking giant Nordea, reducing its holding to 7.0 percent. READ () »
Aid cuts would be 'devastating'
Criticism of the government's foreign aid policy is mounting as Swedish ambassadors, aid organizations and politicians slam Development Aid Minister Gunilla Carlsson's announcements that development assistance to several countries may be slashed. READ () »
Swedish forestry firm cuts 2,500 jobs
Forestry giant Stora Enso plans to let another 2,500 employees go, of whom 750 work in Sweden, citing weak markets and deflating profits. READ () »
Sweden among winners in future EU-US deal
Sweden is second in line to benefit the most from an EU free-trade deal with the US, for which negotiations were finally given the all-clear in a move welcomed by pro-business groups in Sweden. READ () »
New Telia CEO 'excited' about the job
TeliaSonera's new head Johan Dennelind believes he is the right man to restore the Swedish telecom giant's reputation after the company's Uzbek bribery scandal. READ () »
ABB board unanimous in pick of CEO
Swiss-Swedish engineering giant ABB has appointed a new CEO, who has a background in oil and gas, utilities, telecoms and automotive industries and who was a key player in the acquisition of Baldor. READ () »
Wine pulled because it was 'too good': supplier
Sweden's state-run liquor store monopoly has sent back 6,000 bottles of a Spanish wine because it tasted better than expected, according to a Swedish alcohol supplier. READ () »
Sweden may cut aid to Palestinian territories
Development aid minister Gunilla Carlsson has said that the Swedish government may reduce development assistance for the Palestinians since they have failed to reach a peace agreement with Israel. READ () »
Gothenburg corruption blamed on city culture
A hierarchical "Gothenburg Spirit" among politicians and civil servants contributed to a culture of corruption in the past decade, concluded a report on Sweden's second largest city. READ () »
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