About
Ingvar Kamprad, born on March 30, 1926, was a Swedish billionaire businessman best known as the founder of IKEA. He started IKEA in 1943, transforming it into the world's largest furniture seller by 2008. Kamprad was known for his frugal lifestyle and his commitment to providing affordable, well-designed furniture to a global market. He lived in Switzerland for many years before returning to his native Småland in 2014.
Career Timeline
Founds IKEA at 17
The teenage Kamprad establishes IKEA, initially selling pens, wallets, and small goods by mail order. His entrepreneurial venture starts extremely modestly with minimal capital.
Introduces Flat-Pack Furniture Revolution
Kamprad pioneers the flat-pack, self-assembly furniture concept that becomes IKEA's signature innovation. This breakthrough allows dramatic cost reductions and easier transport, setting the foundation for global expansion.
Opens First Store Outside Scandinavia
IKEA expands into Switzerland, marking the beginning of true international growth. Kamprad's wealth begins to grow substantially as the IKEA model proves successful across different markets.
IKEA Becomes Global Brand
With stores across Europe, North America, and Asia, IKEA establishes itself as the world's leading furniture retailer. Kamprad's wealth grows enormously, though he maintains his famously frugal lifestyle.
IKEA World's Largest Furniture Retailer
IKEA officially becomes the world's largest furniture seller, cementing Kamprad's status as one of the most successful entrepreneurs in history. His complex ownership structure through foundations makes his exact wealth difficult to calculate.
Steps Down from Board
At age 87, Kamprad retires from IKEA's board, transitioning control to the next generation. Despite stepping back, he remains a globally recognized business icon and his wealth continues to grow with IKEA's success.
Returns to Sweden from Switzerland
Kamprad moves back to his native Småland after decades in Switzerland, generating significant media attention. His return and continued frugal lifestyle despite immense wealth become widely reported stories.
Dies at Age 91
Kamprad passes away on January 27, 2018, in Sweden. His death prompts global obituaries celebrating his revolutionary impact on retail and furniture design, cementing his place as one of history's most influential entrepreneurs.
Legendary Business Icon Legacy
Kamprad is remembered as a household name globally, with IKEA stores serving as living monuments to his vision. His story of building a global empire while maintaining extreme frugality remains widely known and studied in business schools worldwide.
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Last updated: February 23, 2026