Ingvar Kamprad, billionaire founder of Ikea, dies at 91

Who was the thrifty Swede who ran global furniture chain for 70 years?

Ingvar Kamprad
Ingvar Kamprad
(Image credit: OLA TORKELSSON/AFP/Getty Images)

The founder of Swedish furniture chain Ikea has died at the age of 91. Ingvar Kamprad began the flatpack firm on his parent’s farm in 1943 and only stepped down from the board in 2013, 70 years later.

Sweden’s foreign minister Margot Wallstrom said Kamprad had “put Sweden on the world map”, building a global chain with retail sales of £30bn in 2016, the BBC reports.

The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.

Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.

Sign up
Latest Videos FromThe Week
Explore More