Bill Gates is now Number 2

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  • Heywood Jablome
    Confirmed User
    • Dec 2003
    • 869
    #1

    Bill Gates is now Number 2

    http://in.news.yahoo.com/040404/137/2cdva.html

    IKEA founder overtakes Gates as world's richest

    STOCKHOLM (Reuters) - Ingvar Kamprad, the Swede who founded furniture retail chain IKEA, has overtaken Microsoft's Bill Gates as the world's richest man, Swedish TV news reported on Sunday.

    Citing next week's edition of the Swedish business weekly Veckans Affarer, public service SVT2 television said Kamprad, 77, has a personal fortune of 400 billion crowns ($53 billion).

    Gates's fortune is put at $47 billion, according to the latest list of the world's rich in U.S. Forbes magazine, SVT2 said.

    Kamprad, known for frugal habits such as flying economy class, lives in Switzerland and no longer takes part in the daily running of IKEA, but has kept ownership of the company with more than 180 stores in over 30 countries in the family.

    SVT2 said the dollar's slide against other currencies is the main reason why Kamprad has now overtaken Gates.
    Tags: None
    • slapass
      Too lazy to set a custom title
      • Nov 2002
      • 14625
      #2
      That is amazing. He sells furniture and has that dominent of a position. Sort of makes you think people who say it can't be done of full of it.

        Comment

        • Cyborg 2.0
          Confirmed User
          • Mar 2004
          • 851
          #3
          this is bs he wasn't even in the top 10 last year
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            Comment

            • FreeHugeMovies
              Too lazy to set a custom title
              • Dec 2001
              • 14141
              #4
              I think it's BS as well.

                Comment

                • pornoshare
                  Confirmed User
                  • Dec 2003
                  • 237
                  #5
                  I find it hard to believe that someone with only 180 stores worldwide selling shit furniture could possibly have more cash than Gates. Possible I guess but unlikely. Then again I guess IKEA's R&D costs would be so minimal to pump out that rubbish that the profits must be excellent.

                    Comment

                    • DR_PHIL
                      Confirmed User
                      • Oct 2002
                      • 4099
                      #6
                      nope

                        Comment

                        • Mr.Fiction
                          Confirmed User
                          • Feb 2002
                          • 9484
                          #7
                          The value of the U.S. dollar has fallen so much under Bush's shitty economy, that Gates is probably losing money even when he makes money in U.S. dollars.
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                            Comment

                            • B40
                              Confirmed User
                              • Jul 2001
                              • 7020
                              #8
                              There's still good money to be made in furniture...some people redecorate every couple of years, plus with the global operations of IKEA, their supply chain must be really efficient.

                                Comment

                                • DavePlays
                                  Confirmed User
                                  • Jan 2003
                                  • 1088
                                  #9
                                  If MicroSoft's stock went up a couple bucks a share that would probably be all it would take to put Gates back on top.
                                  He's got a gazillion shares.
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                                    • X37375787
                                      #10
                                      Originally posted by Heywood Jablome
                                      http://in.news.yahoo.com/040404/137/2cdva.html

                                      IKEA founder overtakes Gates as world's richest

                                      STOCKHOLM (Reuters) - Ingvar Kamprad, the Swede who founded furniture retail chain IKEA, has overtaken Microsoft's Bill Gates as the world's richest man, Swedish TV news reported on Sunday.

                                      Citing next week's edition of the Swedish business weekly Veckans Affarer, public service SVT2 television said Kamprad, 77, has a personal fortune of 400 billion crowns ($53 billion).

                                      Gates's fortune is put at $47 billion, according to the latest list of the world's rich in U.S. Forbes magazine, SVT2 said.

                                      Kamprad, known for frugal habits such as flying economy class, lives in Switzerland and no longer takes part in the daily running of IKEA, but has kept ownership of the company with more than 180 stores in over 30 countries in the family.

                                      SVT2 said the dollar's slide against other currencies is the main reason why Kamprad has now overtaken Gates.


                                      Very hard to believe, especially since Forbes magazine rated Ingvar the 13th richest person with a net worth of 18.5 billion dollars just in february.

                                        Comment

                                        • detoxed
                                          vip member
                                          • Jan 2003
                                          • 17798
                                          #11
                                          Furniture is cheap to make, the reason it costs so much is because it takes up a lot of space to store it and usually doesnt sell fast. I imagine they sell their stuff pretty fast and dont have to keep it around long. If each store makes $1 mil a year profit, 180 stores, in 10 years thats $18 billion. I can see him being worth $50 billion

                                            Comment

                                            • buddyjuf
                                              #12
                                              wow


                                              a few cents difference in stock and Gates will be back on top again

                                                Comment

                                                • maxdaname
                                                  Confirmed User
                                                  • Oct 2003
                                                  • 5193
                                                  #13
                                                  What happened to the Wal-Mart dude?

                                                    Comment

                                                    • Theo
                                                      HAL 9000
                                                      • May 2001
                                                      • 34515
                                                      #14
                                                      i dont believe it,no way

                                                        Comment

                                                        • maxjohan
                                                          Confirmed User
                                                          • Dec 2002
                                                          • 7219
                                                          #15
                                                          HELL YEAH, ! !!!

                                                          I went from 100 to 313,000 satoshis in 2 days! Lots of daily freerolls...

                                                            Comment

                                                            • pornoshare
                                                              Confirmed User
                                                              • Dec 2003
                                                              • 237
                                                              #16
                                                              Originally posted by detoxed
                                                              Furniture is cheap to make, the reason it costs so much is because it takes up a lot of space to store it and usually doesnt sell fast. I imagine they sell their stuff pretty fast and dont have to keep it around long. If each store makes $1 mil a year profit, 180 stores, in 10 years thats $18 billion. I can see him being worth $50 billion
                                                              Isn't that 1.8 Billion?

                                                                Comment

                                                                • Pornopat
                                                                  AdultTubeSubmits.com
                                                                  • Dec 2003
                                                                  • 10598
                                                                  #17
                                                                  I believe it. The dollar has sunk a lot against the euro...
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                                                                    Comment

                                                                    • X37375787
                                                                      #18
                                                                      Originally posted by maxdaname
                                                                      What happened to the Wal-Mart dude?

                                                                      you mean the 5 Waltons @ 20 Bil each?

                                                                        Comment

                                                                        • detoxed
                                                                          vip member
                                                                          • Jan 2003
                                                                          • 17798
                                                                          #19
                                                                          Originally posted by pornoshare


                                                                          Isn't that 1.8 Billion?
                                                                          Shit yeah it is..

                                                                          but I imagine they sell more than $180 mil in profit per year anyway..

                                                                            Comment

                                                                            • maxjohan
                                                                              Confirmed User
                                                                              • Dec 2002
                                                                              • 7219
                                                                              #20
                                                                              I know it's hard to belive but this is the truth.

                                                                              I went from 100 to 313,000 satoshis in 2 days! Lots of daily freerolls...

                                                                                Comment

                                                                                • brickbat
                                                                                  Confirmed User
                                                                                  • Apr 2004
                                                                                  • 740
                                                                                  #21
                                                                                  <center>Bill Gates has <b>always</b> been Number 2...

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                                                                                    • maxdaname
                                                                                      Confirmed User
                                                                                      • Oct 2003
                                                                                      • 5193
                                                                                      #22
                                                                                      Originally posted by Equinox



                                                                                      you mean the 5 Waltons @ 20 Bil each?
                                                                                      Damn they're 5 at 20Bill EACH!!!!

                                                                                        Comment

                                                                                        • DreamCumTrue
                                                                                          Confirmed User
                                                                                          • Nov 2003
                                                                                          • 2985
                                                                                          #23
                                                                                          well, darnit

                                                                                            Comment

                                                                                            • bufferover
                                                                                              Too lazy to set a custom title
                                                                                              • Jan 2004
                                                                                              • 25221
                                                                                              #24
                                                                                              Hmm i thought that Roman Abramovic was richest in Europe but i guess i was wrong but i realy want to see Billy face now

                                                                                                Comment

                                                                                                • maxjohan
                                                                                                  Confirmed User
                                                                                                  • Dec 2002
                                                                                                  • 7219
                                                                                                  #25
                                                                                                  Originally posted by detoxed
                                                                                                  Furniture is cheap to make, the reason it costs so much is because it takes up a lot of space to store it and usually doesnt sell fast. I imagine they sell their stuff pretty fast and dont have to keep it around long. If each store makes $1 mil a year profit, 180 stores, in 10 years thats $18 billion. I can see him being worth $50 billion
                                                                                                  I shit you not but IKEA gets 310 million visitors a year to all stores together.

                                                                                                  $50 per sign up?

                                                                                                  I went from 100 to 313,000 satoshis in 2 days! Lots of daily freerolls...

                                                                                                    Comment

                                                                                                    • On-top
                                                                                                      Confirmed User
                                                                                                      • Aug 2001
                                                                                                      • 2283
                                                                                                      #26
                                                                                                      Originally posted by maxdaname

                                                                                                      Damn they're 5 at 20Bill EACH!!!!
                                                                                                      Yes.
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                                                                                                        Comment

                                                                                                        • MrIzzz
                                                                                                          If u touch it, I will cum
                                                                                                          • Sep 2003
                                                                                                          • 22923
                                                                                                          #27
                                                                                                          ikea furniture sucks donkey dick.........and microsoft has yet to make anything truly stable.....hmmmmmmm i could care lesss who makes more money since i'm not seeing a penny


                                                                                                          WHO WANTS TO PLAY GRAB-ASS?

                                                                                                            Comment

                                                                                                            • IPK
                                                                                                              Confirmed User
                                                                                                              • Sep 2003
                                                                                                              • 4209
                                                                                                              #28
                                                                                                              micro$oft sucks
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                                                                                                                • Jimbo
                                                                                                                  Confirmed User
                                                                                                                  • Oct 2001
                                                                                                                  • 3989
                                                                                                                  #29
                                                                                                                  IKEA have HUGE stores honestly, theres one here and its fucking HUGE!!!!
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                                                                                                                    • Fletch XXX
                                                                                                                      GFY HALL OF FAME DAMMIT!!!
                                                                                                                      • Jan 2002
                                                                                                                      • 60840
                                                                                                                      #30
                                                                                                                      IKEA = SCIENTOLOGY

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                                                                                                                        • SomeCreep
                                                                                                                          :glugglug
                                                                                                                          • Mar 2003
                                                                                                                          • 26118
                                                                                                                          #31
                                                                                                                          Originally posted by Heywood Jablome
                                                                                                                          Veckans Affarer, public service SVT2 television said Kamprad, 77, has a personal fortune of 400 billion crowns ($53 billion).
                                                                                                                          That guy is so rich, he could spend 2 billion dollars a year and still not spend all his money in his own lifetime.

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                                                                                                                            • raster
                                                                                                                              Confirmed User
                                                                                                                              • Aug 2003
                                                                                                                              • 784
                                                                                                                              #32
                                                                                                                              Gates, what a poor bastard now...


                                                                                                                              Originally posted by Heywood Jablome
                                                                                                                              http://in.news.yahoo.com/040404/137/2cdva.html

                                                                                                                              IKEA founder overtakes Gates as world's richest

                                                                                                                              STOCKHOLM (Reuters) - Ingvar Kamprad, the Swede who founded furniture retail chain IKEA, has overtaken Microsoft's Bill Gates as the world's richest man, Swedish TV news reported on Sunday.

                                                                                                                              Citing next week's edition of the Swedish business weekly Veckans Affarer, public service SVT2 television said Kamprad, 77, has a personal fortune of 400 billion crowns ($53 billion).

                                                                                                                              Gates's fortune is put at $47 billion, according to the latest list of the world's rich in U.S. Forbes magazine, SVT2 said.

                                                                                                                              Kamprad, known for frugal habits such as flying economy class, lives in Switzerland and no longer takes part in the daily running of IKEA, but has kept ownership of the company with more than 180 stores in over 30 countries in the family.

                                                                                                                              SVT2 said the dollar's slide against other currencies is the main reason why Kamprad has now overtaken Gates.

                                                                                                                                Comment

                                                                                                                                • SomeCreep
                                                                                                                                  :glugglug
                                                                                                                                  • Mar 2003
                                                                                                                                  • 26118
                                                                                                                                  #33
                                                                                                                                  Originally posted by brickbat
                                                                                                                                  Bill Gates has <b>always</b> been Number 2...
                                                                                                                                  Welcome to my ignore list newbie

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                                                                                                                                    • Heywood Jablome
                                                                                                                                      Confirmed User
                                                                                                                                      • Dec 2003
                                                                                                                                      • 869
                                                                                                                                      #34
                                                                                                                                      Originally posted by SomeCreep

                                                                                                                                      That guy is so rich, he could spend 2 billion dollars a year and still not spend all his money in his own lifetime.
                                                                                                                                      $1Billion/year = $115,000/hour!

                                                                                                                                        Comment

                                                                                                                                        • tbabe
                                                                                                                                          Confirmed User
                                                                                                                                          • Dec 2003
                                                                                                                                          • 2494
                                                                                                                                          #35
                                                                                                                                          he fly's economy? What a nutcase.

                                                                                                                                          Still one of the best programs on the net.

                                                                                                                                          According to their banner, you can get rich.

                                                                                                                                            Comment

                                                                                                                                            • pimplink
                                                                                                                                              Confirmed User
                                                                                                                                              • Jun 2001
                                                                                                                                              • 9535
                                                                                                                                              #36
                                                                                                                                              I guess Bill Gates alreadu lose his crown....

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                                                                                                                                                • wdsguy
                                                                                                                                                  Ryde or Die
                                                                                                                                                  • Dec 2002
                                                                                                                                                  • 19568
                                                                                                                                                  #37
                                                                                                                                                  I would be happy being #100

                                                                                                                                                    Comment

                                                                                                                                                    • KRL
                                                                                                                                                      Entrepreneur
                                                                                                                                                      • Oct 2002
                                                                                                                                                      • 31429
                                                                                                                                                      #38
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                                                                                                                                                        • directfiesta
                                                                                                                                                          Too lazy to set a custom title
                                                                                                                                                          • Oct 2002
                                                                                                                                                          • 30184
                                                                                                                                                          #39
                                                                                                                                                          The charismatic founder of IKEA, the multinational furniture company that currently generates over 15 billion in sales, has always had a keen sense of business. At the age of five, he was already selling matches to his friends. In 1950, Ingvar Kamprad developed the concept of foldable furniture, the secret to IKEA's success. The Swedish businessman patiently built his empire of inexpensive contemporary furniture that now extends to the far corners of the world.

                                                                                                                                                          The Kamprad family has lived in Switzerland since 1976 at Epalinges, in Upper Lausanne. Kamprad's three sons learned French, a language already spoken by Ingvar's wife, Margaretha. In keeping with his style, the founder of IKEA lives in a discreet home and drives an old Volvo. His wife presides over the Lausanne parish of the Swedish Church, where they get together with the many other Swedes who have settled in Switzerland. When not on business trips or gazing over the shores of Lake Geneva, the Kamprad family lead a happy life in Upper Lausanne.

                                                                                                                                                          Living in Switzerland allows this businessman to travel quickly throughout Europe and to enjoy an exceptional standard of living in the Lake Geneva Arc. And yet the head of IKEA still lives life at the same old pace. In reality, he is thrifty and waits until the end of the village market to take advantage of the best prices and travels by train in second class. The billionaire feels so safe in Switzerland that he rides public transportation to travel incognito throughout Switzerland.
                                                                                                                                                          I know that Asspimple is stoopid ... As he says, it is a FACT !

                                                                                                                                                          But I can't figure out how he can breathe or type , at the same time ....

                                                                                                                                                            Comment

                                                                                                                                                            • count blingula
                                                                                                                                                              Confirmed User
                                                                                                                                                              • Oct 2003
                                                                                                                                                              • 961
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by maxdaname
                                                                                                                                                              What happened to the Wal-Mart dude?

                                                                                                                                                              he's been busy with credit card scams
                                                                                                                                                              if you arent promoting http://www.10dollarcash.com you are a fuckin moron

                                                                                                                                                                Comment

                                                                                                                                                                • Steve
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • Feb 2001
                                                                                                                                                                  • 6894
                                                                                                                                                                  #41
                                                                                                                                                                  Originally posted by SomeCreep

                                                                                                                                                                  Welcome to my ignore list newbie
                                                                                                                                                                  indeed

                                                                                                                                                                    Comment

                                                                                                                                                                    • Webasic
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • Feb 2004
                                                                                                                                                                      • 1889
                                                                                                                                                                      #42
                                                                                                                                                                      whoa

                                                                                                                                                                        Comment

                                                                                                                                                                        • BRISK
                                                                                                                                                                          Too lazy to set a custom title
                                                                                                                                                                          • Feb 2003
                                                                                                                                                                          • 12240
                                                                                                                                                                          #43
                                                                                                                                                                          Considering that IKEA is a privately held company, nohahahaha can accurately say what the company is worth, so I don't see how they think they can accurately guess the guys wealth. Microsoft is a public company and at any time anyhahahaha can see how many shares Bill Gates owns so it's much easier to gauge his wealth.
                                                                                                                                                                          I post on GFY so that when people ask me what I do,
                                                                                                                                                                          I can tell them that I work with the mentally retarded.

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                                                                                                                                                                            • Nevaquit
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Feb 2003
                                                                                                                                                                              • 100
                                                                                                                                                                              #44
                                                                                                                                                                              I'm not sure if this is true or not..but the bottom line is that he got ALOT of money...much much more than me....so he get my props!!

                                                                                                                                                                              But he better not sleep...cause I'm coming!!

                                                                                                                                                                                Comment

                                                                                                                                                                                • SirSmokeALot
                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                  • Sep 2003
                                                                                                                                                                                  • 1413
                                                                                                                                                                                  #45
                                                                                                                                                                                  Flying economy class with 53 billion..... not me

                                                                                                                                                                                  I would have a fleet of private jets.
                                                                                                                                                                                  :: The Future Is Here... Run Your Car On Water :: Crazy Stupid Odd News ::

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                                                                                                                                                                                    • nofx
                                                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                                                      • Nov 2002
                                                                                                                                                                                      • 16826
                                                                                                                                                                                      #46
                                                                                                                                                                                      fuck the walton family

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                                                                                                                                                                                        • matty
                                                                                                                                                                                          Mining for Porn!
                                                                                                                                                                                          • Aug 2002
                                                                                                                                                                                          • 1328
                                                                                                                                                                                          #47
                                                                                                                                                                                          lol.. poor old billy boy
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                                                                                                                                                                                            • sexyclicks
                                                                                                                                                                                              Confirmed User
                                                                                                                                                                                              • Mar 2002
                                                                                                                                                                                              • 3240
                                                                                                                                                                                              #48
                                                                                                                                                                                              http://news.google.com/news?q=%22IKE...-8&sa=N&tab=wn

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                                                                                                                                                                                                • reynold
                                                                                                                                                                                                  Too lazy to set a custom title
                                                                                                                                                                                                  • Oct 2002
                                                                                                                                                                                                  • 51271
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  Bill probably won't take the sitting down.

                                                                                                                                                                                                    Comment

                                                                                                                                                                                                    • Diabolical Cord
                                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                                      • Jan 2004
                                                                                                                                                                                                      • 447
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      There's two brothers who married into the Walton family.

                                                                                                                                                                                                        Comment

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