Ikea Founder Denies Being Richest Man

[Webasic]

"By TOMMY GRANDELL, Associated Press hahahahahar

STOCKHOLM, Sweden - The founder of Swedish furniture giant Ikea isn't hurting for money, but the company he founded denied on Monday a report that he surpassed Bill Gates (news - web sites) and Warren Buffett (news - web sites) as the world's wealthiest man.


In an article to be released this week, Swedish news weekly Veckans Affaerer said Ingvar Kamprad, 77, the founder of Ikea, had surpassed Microsoft's Gates and Buffett as the world's wealthiest person.


The falling exchange rate between the Swedish krona and the U.S. dollar, the magazine said, had caused Kamprad's personal fortune to rise to an estimated $52.5 billion.


Ikea said that wasn't the case.


"This is completely wrong. It's a mistake that is made all the time," said Ikea spokeswoman Marianne Barner. "Estimating the value of the company, including all the stores, and saying it's all Ingvar's, that is totally wrong."


"Ingvar Kamprad does not own Ikea. Ingvar donated the concern to the Dutch Stichting INGKA Foundation in 1982."


In February, Forbes magazine's annual ranking of the world's billionaires put Gates at No. 1 with an estimated $46.6 billion. It was the 10th consecutive year the Microsoft co-founder was atop the list.


Buffett, the Omaha investment guru, was No. 2 with $42.9 billion.


On that same list, Kamprad was No. 13, with an estimated fortune of $18.5 billion.


But Veckans Affaerer said when the dollar's slide against the kronor was calculated, he had overtaken Gates and Buffett.


Kamprad has a reputation for frugality and lives in Switzerland where, as a resident, he is not subject to Sweden's taxes, which are among the highest in the world.


Ikea, founded in 1943, has 174 stores in 31 countries and employs some 76,000 workers."


http://news.yahoo.com/news?tmpl=stor...ikea_founder_2

[PostWhore]

again with ikea guy?

[Firehorse]

I am sure Bill will get over it...
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eventually!

[Poo-Chee]

hot shit!

[raceman]

I fucking hate Ikea they have the worst customer care of any organisation in the world and i'm glad to hear that their UK sales figures are falling because the Brits are fighting back.

So Ikea

[milambur]

Originally posted by Webasic
"By TOMMY GRANDELL, Associated Press hahahahahar
"Ingvar Kamprad does not own Ikea. Ingvar donated the concern to the Dutch Stichting INGKA Foundation in 1982."

ING(var)KA(mprad) Foundation

His family controls the foundation, it's just a good way to hide money. Most of the richest Europeans do the same, that's why it's so many Americans on top of the worlds richest lists. If they included all assets controlled by the individuals the lists would look VERY different.

[Serge Litehead]

keep on dreaming

[mrgica]

I hate IKEA and Im from sweden