IKEA founder Ingvar Kamprad lifeless at age 91

This image is for use with this specific article only.**
Ingvar Kamprad attended the IKEA 50th anniversary in 2008 in Gothenburg Sweden

Ingvar Kamprad, a Swedish entrepreneur who grew a childhood business selling matches and lingonberries into Ikea, a build-it-yourself furniture empire that introduced sleek Scandinavian designs into tens of millions of homes around the world, died January 27 at his home in Smaland, a province in southern Sweden.

"Ingvar will be missed and fondly remembered by his family and Ikea co-workers all over the world", the company wrote.

His empire has since grown to 412 stores, and he was a part of the company's operations until 1988.

A statement from Ikea said that Kamprad had "peacefully passed away at his home". "To never give up, always try to become better and lead by example", CEO and President of Inter IKEA Group, Torbjörn Lööf, said in a statement.

The food portion of Ikea's empire, which includes in-store restaurants and grocery stores, generated 1.8 billion euros in sales past year.

Mr Kamprad's legacy was hailed by Ikea bosses, the Swedish foreign minister and retail experts, with Ikea calling him one of the greatest entrepreneurs of the 20th century.




The name Ikea is made up of the founder's initials and the first letters of the Elmtaryd farm and Agunnaryd village where he was raised.

Kamprad was known for driving an old Volvo, recycling tea bags and taking home little packets of salt and pepper from restaurant visits.

Now, I hate to milkshake duck the recently departed, but I'm gonna do it: Kamprad also faced controversy over the past couple of decades for his involvement in fascist movements back in the 1930s and 40s.

Ingvar Kamprad was born in 1926 in Småland in southern Sweden. Comparing the company's management culture to that of the Stasi, East Germany's secret police, he described a network of informers that kept Kamprad apprised of the latest office gossip and accused Ikea's executives of racism. He saved on taxes by moving to Switzerland in 1976, though he returned to Sweden in 2014. At age 5, Kamprad started his business ventures by selling matches to his neighbors.

Kamprad is survived by a daughter Annica from his first marriage to Kerstin Wadling and three sons - Peter, Jonas and Mathias - from his marriage to Margaretha Stennert.

At the time of his death, Kamprad on Bloomberg's Billionaire Index list, and is said to have had an estimated worth of $58.7 billion. Kamprad's character is crucified on a Maypole, according to the New Yorker, but much like his real-life counterpart he remained unfazed. IKEA is owned by a foundation Kamprad created, whose statutes require profits to be reinvested in the company or donated to charity.

Related news:

Hot News

isis-killer-beheading-video-story-top Ronda Rousey comments on Royal Rumble Event
Jan 29, 2018 - 05:49
Will a newcomer solidify their presence? Gable and Benjamin aren't my favorite tag team, but I do see them winning at the Rumble . Either way, I can't imagine that Owens and Zayn are the new LayCool in that they actually become co-champions.

isis-killer-beheading-video-story-top Andre Roberson's Injury Could Be Costly For Oklahoma City Thunder
Jan 29, 2018 - 05:46
Oklahoma City rallied around Russell Westbrook , who was the game's leading scorer with 46 points on 19-for-29 shooting. Pistons: F Reggie Bullock (right thumb sprain) returned after a one-game absence and scored 16 points.

isis-killer-beheading-video-story-top Police, family say jealous shooter killed 4 at Pa. car wash
Jan 29, 2018 - 05:45
Authorities had earlier said five were killed in the rampage, but they later said Smith was hospitalized on life support. The shooting at the coin-operated facility was still under investigation, and the motive was unknown, police said.

isis-killer-beheading-video-story-top Republicans in Congress divided over protecting Mueller from being ousted by Trump
Jan 29, 2018 - 05:44
Rosenstein told the House Judiciary Committee last month that he monitors Mueller's work closely and has been satisfied with it . Mueller is investigating whether Trump associates and the Kremlin colluded during the 2016 presidential election.

isis-killer-beheading-video-story-top Harry Kane strike saves Tottenham from FA Cup nightmare vs. Newport
Jan 29, 2018 - 05:40
The magic of the FA Cup was on full display at Newport Stadium where Newport County came within minutes of an historic win. Spot the odd one out: Manchester United , Liverpool , Newport County , Arsenal , Juventus .

isis-killer-beheading-video-story-top Starbucks Corporation (SBUX) stock remained among YTD Quarterly with rise of 12.09%
Jan 28, 2018 - 00:44
Starbucks Corporation shows a total market cap of $ 86.31B, and a gross margin of 59.60% while the profit margin showing 12.90%. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development.

isis-killer-beheading-video-story-top More Slam glory beckons for ageless Federer
Jan 28, 2018 - 00:42
Ominously, Federer added: "I'm just pleased that actually my game has been good from the very beginning of the tournament so far". On the prospect of reaching a score of Grand Slam titles, he said: 'It would be 20 times special.

isis-killer-beheading-video-story-top Caroline Wozniacki first Dane to win Grand Slam tennis title
Jan 28, 2018 - 00:40
But you can be sure that Wozniacki's assault on the Grand Slams isn't over yet, and she will be looking to add more this year. If the player can shed their fear of losing, odd and wonderful things can happen. "I can not say anything else about it".

isis-killer-beheading-video-story-top Mario Draghi helps the Euro to gain strength
Jan 28, 2018 - 00:40
This suggests anyone who is looking to sell Euros might not see the rates drop back to the levels in the last 6 months. Stimulus withdrawal has been much discussed in markets because the eurozone economy is growing strongly.

isis-killer-beheading-video-story-top Jury finds Ronald Gasser guilty of manslaughter in Joe McKnight shooting
Jan 28, 2018 - 00:18
However, he said it was in self-defense, that McKnight was attempting to get inside his vehicle and that he feared for his life. The confrontation ended at an intersection, where McKnight exited his auto , approached Gasser's passenger window and was shot.

isis-killer-beheading-video-story-top Padmaavat violence: Haryana govt to provide high security to theatres
Jan 28, 2018 - 00:15
The Congress has demanded the resignation of Haryana's BJP government for failing to control violence. As police tried to disperse them, the duty magistrate gave an order to fire in the air.

isis-killer-beheading-video-story-top Mass. Rep. Kennedy to ship State of the Union response
Jan 27, 2018 - 20:24
Kennedy took office in 2013 and represents the 4th congressional district in MA when he replaced Barney Frank. President Donald Trump's State of the Union (SOTU) address next week, the Democratic Party announced Friday.

isis-killer-beheading-video-story-top Tiger Woods: American shoots level-par round at Farmers Insurance Open
Jan 27, 2018 - 20:23
Woods will play his second round Friday on the North Course , which is considered slightly easier than the South. He tied for 17th previous year after withdrawing and two consecutive missed cuts from 2014-2016.

isis-killer-beheading-video-story-top Donald Trump is ready to apologize for anti-Muslim retweets
Jan 27, 2018 - 20:22
His chat with Morgan was the first global TV interview with Donald Trump since he took office. He said previous year : 'I genuinely like him.

isis-killer-beheading-video-story-top Tom Cruise Reveals 'Mission: Impossible 6' Title in Instagram Debut
Jan 27, 2018 - 20:19
Tom Cruise's leg at a very bad angle and Tom Cruise smiling as talks about the accident . The Graham Norton Show airs on Friday 26 January at 10.35pm on BBC One.