WORLD BILLIONAIRE: Ingvar Kamprad Is The 7th Richest In The World

Tuesday, July 29, 2008

Kamprad is the 7th richest in the world, with a net worth of around US$ 31 billion. He is the founder of IKEA (has stores in 40 countries), the home furnishing retail chain company. Although he has much money, he avoids wearing suits, flies economy class and frequents cheap restaurants. Now Kamprad is the chairman of INGKA Foundation, his charitable foundation which has an estimated value of around US$ 3 billion in 2006.

Billionaire's Profile:

Born : March 30, 1926, Ljungby, Sweden

Occupation : Owner of IKEA

Spouse : Margaretha

Children : Peter, Jonas, Matthias

Net worth : US$ 31 billion (2008)

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