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IKEA founder overtakes Gates as worldâs richest - TV
Ingvar Kamprad, the Swede who founded furniture retail chain IKEA, has overtaken Microsoftâs Bill Gates as the worldâs richest man, Swedish TV news reported on Sunday. Citing next weekâs edition of the Swedish business weekly Veckans Affarer, public service SVT2 television said Kamprad, 77, has a personal fortune of 400 billion crowns ($53 billion). Gatesâs fortune is put at $47 billion, according to the latest list of the worldâs rich in U.S. Forbes magazine, SVT2 said. Kamprad, known for frugal habits such as flying economy class, lives in Switzerland and no longer takes part in the daily running of IKEA, but has kept ownership of the company with more than 180 stores in over 30 countries in the family. SVT2 said the dollarâs slide against other currencies is the main reason why Kamprad has now overtaken Gates.Posted by: tipper 2004-04-04 |
| http://www.rantburg.com/poparticle.php?ID=29729 |