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'I am too busy to die': Ingvar Kamprad

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'I am too busy to die': Ingvar Kamprad
11:15 CEST+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

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