Founder of Ikea furniture chain dead at 91

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IKEA says Ingvar Kamprad, the IKEA founder who turned a small-scale mail order business into a global furniture empire, has died at 91.

Kamprad set up Ikea in Sweden in 1943 at the age of just 17, starting out initially with small items.

In a statement on Sunday, Ikea said that Mr Kamprad had "peacefully passed away at his home".

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.

Last year, the European Commission announced that it had launched an investigation into Ikea's tax deals in the Netherlands. Whether it's easy to assemble is another matter entirely, and following Krampad's death, several people on Twitter made the same light-hearted joke poking fun at the difficulty of building an IKEA piece. In a letter to IKEA employees, Kamprad acknowledged that he once had sympathies for the far-right leader and called it "a part of my life which I bitterly regret".

"He believed people should be able to buy quality furniture at accessible prices, as long as they were willing to do some assembly themselves", Saunders said. Kamprad's character is crucified on a Maypole, according to the New Yorker, but much like his real-life counterpart he remained unfazed.

He also used the book to give details about his "youthful delusions" in supporting the Nazis, having been influenced by his German grandmother's support for Adolf Hitler. "Can one ever get forgiveness for such stupidity?"

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The 8,126-meter (26,660-foot) Nanga Parbat is the ninth-highest in the world. Mackiewicz has made six previous attempts to scale Nanga Parbat in winter.


A Swedish flag flies at half mast outside an IKEA store in Stockholm, on January 28, 2018. But Kamprad's relationship with his homeland was sometimes complicated.

His decision to live overseas, mainly in Switzerland, to avoid Sweden's high income taxes was also widely criticised.

He was married twice, and his second wife died in 2011.

"My theory was that good furniture could be priced so that the man with the flat wallet would be attracted to it, would make a place for it in his spending and could afford it", Kamprad told Forbes in a 2000 interview. IKEA is owned by foundation that Kamprad created, whose statutes require profits to be reinvested in the company or donated to charity. Records from his estate showed he donated more than $20 million to philanthropic causes in 2012 alone.

Kamprad was a great entrepreneur "of the typical southern Swedish kind - hardworking and stubborn, with a lot of warmth and a playful twinkle in his eye", said Torbjorn Loof, CEO and president of Inter Ikea Group said.

Ikea has remained privately-owned under a Dutch trust operated by the Kamprad family.

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