Ikea owner richest in Europe: report
Published: 6 Mar 12 07:51 CET | Print version
Online: http://www.thelocal.se/39506/20120306/
Ikea founder Ingvar Kamprad was ranked as Europe’s wealthiest man in the Bloomberg Billionaires Index on Monday, and the fifth richest man in the world.
- Ikea founder rated fifth richest in the world (17 May 13)
- India in no rush to open first Ikea store (16 May 13)
- India seals Ikea's emerging-market push (3 May 13)
The Bloomberg Billionaires Index is a new daily ranking of the world’s richest people by the financial news corporation, and keeps tabs on the top 20, a list in which Kamprad is allegedly a reluctant member.
Kamprad refused to comment on the ranking, in which Bloomberg ranks Kamprad’s fortune as $40 billion.
According to the report, Ikea earned a net profit of $4 billion last year and a gross profit of $15 billion on $34 billion in sales.
Kamprad left Sweden in 1970 in order to keep the company private, as Swedish tax laws wouldn’t allow this at the time.
Bloomberg’s new index provides updated information accounting for the latest movements in the stock market. The list provides information and a transparent analysis of how each billionaire’s fortune was calculated.
Other billionaire heavyweights in the ranking include Carlos Slim (who topped the list at $68.5 billion), Bill Gates and Warren Buffet.
Mark Zuckerberg of Facebook notoriety did not make the list, despite a fortune estimated at $21 billion.
What do you think? Leave your comment below.
Riksbank unveils new board members
Sweden's central bank has appointed two new board members plucked from banking and academia to replace two outgoing members, one of whom was an outspoken critic of the Riksbank's commitment to the government's inflation goal. READ () »
Sweden has 'lower tax burden' than Senegal
While Sweden has a reputation for having one of the most painful tax bills in the world, a new report ranks Sweden 20th when comparing the tax burden on salaries when social security payments and salary brackets are taken into account. READ () »
Ericsson probed over suspected bribes
Swedish telecom equipment maker Ericsson is suspected of having bribed ministers in Romania in connection with being awarded a contract for the country's emergency number and is now under investigation in the United States. READ () »
Warning over 'long-term' Swedish export slump
Sweden's largest business confederation has gone out guns blazing, criticizing politicians for not facing up to the challenges of "a lost year for Swedish exports" in 2012. READ () »
'Lean hospital a sign of Swedish welfare reform'
A Stockholm hospital saved from closure by private health care providers has been hailed by the Economist as one of modern's Sweden public-private success stories. READ () »
H&M mulls production in South America and Africa
Swedish clothing giant H&M is looking into the possibility of sourcing its production to South America, Central America, and even Africa, chief executive Karl-Johan Persson said on Monday. READ () »
Nord Stream plans new gas pipelines
Gas pipeline firm Nord Stream will hold an information meeting on the Baltic island of Gotland on Monday to introduce a proposal to extend its controversial gas pipeline project. READ () »
'Sweden next in line for housing market crash'
Sweden tops a list of countries that risk suffering a housing market crash, Germany's Commerzbank has warned, citing the slackening off of Swedish property prices as a harbinger of a potential downswing. READ () »
Solna voted best place to live in Sweden
Solna, a suburb just north of Stockholm, is the best place to live in Sweden, according to a new ranking published on Friday by Swedish news magazine Fokus. READ () »
Ikea founder rated fifth richest in the world
Ingrad Kamprad, the founder of Swedish furniture giant Ikea, finished fifth on the Bloomberg Billionaires Index published on Friday, with an estimated fortune of $55.6 billion. READ () »
- 16/05 India in no rush to open first Ikea store »
- 16/05 H&M CEO to Bangladesh: raise minimum wages »
- 15/05 Sweden plummets in income equality ranking »
- 15/05 Pensioners to recruit ageing Swedish rockers »
- 15/05 Swedish shop hits back: our Converse are real »
- 15/05 Young Swedes forced to live with mum and dad »
- 14/05 Converse in bid to ban 'fake' shoes in Sweden »
- 13/05 Nordea tracked clients in secret 'black book' »
- 10/05 ABB executive to quit after five-year tenure »
- 10/05 Borg defends critique of strong Swedish krona »
| 22/05 | Accountant to Bank of ChinaSjr Ab | Stockholm |
| 22/05 | Accountant to Bank of ChinaSJR AB | Stockholm, STHM |
| 22/05 | Accounting ManagerMichael Page | Göteborg |
| 22/05 | Accounting ManagerMichael Page | Göteborg, VTG |
| 22/05 | Architectural Engineer #8409Aker Advantage | Stockholm |
| 22/05 | Business Developer/Account ManagerTransPerfect Translations | Stockholm, STHM |
| 22/05 | CAD/PDM Support EngineerEuropean Spallation Source ESS AB | SKÅ |
| 22/05 | Controller Tele2 Group ProductTele2 | Kista |
| 22/05 | Driven och social nätverkstekniker till ett av världens mest kaenda foeretagAcademic Work | Stockholm, STHM |
| 22/05 | Head of Product Control - If IndustrialIF skadeförsäkring | Stockholm, Nordic |
- 22/05 Spain and Germany fight youth employment »
- 21/05 Car boss asks Merkel to rethink CO2 pledge »
- 21/05 SAP to hire hundreds of autistic IT experts »
- 18/05 Economists warn against German euro exit »
- 17/05 Germany cool to France's EU economy plan »
- 17/05 Au pairs rules relax for non-German families »
- 16/05 Germany refuses to slam French economic policy »
- 16/05 Capri-Sun drink wins false advertising award »
- 15/05 Anaemic economy feels winter chill »
- 15/05 ThyssenKrupp bins 3,000 admin jobs »
- 17:49 Moving from Canada to Sweden
- 17:31 Husby Riots and violence against the police...
- 17:28 Where do I find out if my massage qualifications
- 16:48 Lamination or Plastic surgery for Certificate
- 15:40 Has anyone tried his hands on the Google Glass
- 15:36 Unlocking mobile phones
- 14:58 Favorite mobile phone
- 14:57 Salary expectations for managing a busy bar?
- 14:08 Your favorite place
- 13:47 90% of male population gay?
Create an account with Banc De Binary, the world’s most reputable binary options firm, and start cashing in today! You can start by practicing with our free $50,000 demo account.
www.bbinary.com
Expat counsellor & talk therapist offers counselling for stress, relationship issues, sexuality, culture adjustment & life coaching. Private & confidential. Stockholm or Skype. Contact me today! 08-559 22 636 or
CLICK HERE
Casa Birgitta in Algarve, Portugal. Reduced price in best location. Private estate on white sand beach. All amenities included. Book here today! edward_george1@hotmail.com
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
Individuals & Couples - Stockholm Beth Rogerson PhD - Clinical, Marriage & Family Therapist
Click or call 08-5580 1266 now
Your comments about this article:
The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.
Imagine the uproar he would kick up if he did.....
His staff employment and pension schemes are also very good, as are many other company benefits.
The differene is Ikea profit is managed by him and a trust, it doesn't go to shareholders, smart move, you retain control of your business decisions then.
. . . . . . My revenge on him is simply never to enter an IKEA store ever again.
Well, there are millions of others willing to buy from IKEA, so it is doubtful whether you will be missed, and since it is rubbish as you say, makes you wonder why IKEA is so popular worldwide, doesn't it?
Furniture stores are usually a rip-off and only if you have a high income (or nothing better where to spend your money on) may afford to buy any "real" furniture.
And it's also a matter if you're interested in renew your stuff quite often. If you prefer to "modernize" your living-room for example, Ikea seems to be a good choice, and you won't have to use the same furniture you bought in the 80's at a price of a liver.