Ikea founder still richest in Switzerland

Ingvar Kamprad, the Swedish billionaire who founded the Ikea budget furnishings chain, has maintained his position as Switzerland's richest resident, a magazine's rich list said Monday.

According to the 300-name annual tally published by business magazine Bilan, which includes a mixture of Swiss citizens and foreigners based in the low-tax Alpine country, Kamprad’s fortune climbed to an estimated 20-21 billion Swiss francs (15.2-15.9 billion dollars).

The wealth of the Swede, who lives near Lausanne, was 5 billion Swiss francs more than in the 2004 listing.

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AFP