A voice for newcomers in Sweden

Half of Ikea founder Ingvar Kamprad's fortune to be given away

A Stockholm Ikea store flies the Swedish flag at half mast following the death of company founder Ingvar Kamprad. Photo: Anders Wiklund/TT

Published: 13.Mar.2018 15:07 hrs

Half of Ikea founder Ingvar Kamprad's fortune is to be given away, according to the newly revealed details from his last will and testament.

Kamprad, who died at the age of 91 in January, was worth an estimated 362 billion kronor ($46 billion) in 2017 according to Swiss economic magazine Bilan.

Half of his wealth will go to his four children, Peter, Jonas, Mathias and Annika. The rest however will be directed towards stimulating business in northern Sweden.

Read full article on The Local

More Stories

Anas Awad with his "Swedish family" told his story to The Local Voices

Sharing the best of The Local Voices

We told a lot of great stories in 2016. Did you get to read and share them all? READ
Partykungen, a Swedish company that supplies fancy dress outfits, has removed a costume resembling traditional Sami dress from its website after complaints. READ
A police station in the town of Gävle was the target of a tear gas attack during Friday night. READ
The Sweden Democrats have stated they will vote for the candidate from the centre-right alliance bloc in Monday’s vote to confirm the new speaker of parliament. READ
Photo: Erik Gerhardsson

'History will record how everyone reacted to the Syrian tragedy'

Erik, a 21-year-old Swedish volunteer, reflects on his experience helping refugees in Sweden and abroad. READ
During the construction of new pipelines, archaeologists uncovered an unusual find on a small island in central Sweden. READ
The big story from Sweden's election is still to be written. As politicians wrangle, the country's reputation and values are at stake. READ
Bad foreign reporting on Sweden's election risks giving readers around the world a false impression of the state of the country, argues The Local's co-founder James Savage. READ

This Iranian teaches Swedish online to 10,000 followers

"I’m exporting Swedish to my homeland." READ