Topic: the guy who started IKEA (Read 2379 times)
I heard that he is living in Scandinavia ( may be Sweden ? , driving with old car ( Volvo, 10 years or more ) and so on
i watched a documentary on youtube about the 1%. his name is Ingvar Kamprad. the guy is worth 53 billion. 90 million a day is not that hard to believe for a guy who is worth 53 billion.
53 billion!
Tell him to diversify into Bitcoins.
Wouldn't that be nice...even if he only threw a couple hundred million at us haha
THE GUY IS NOT WORTH 53 BILLION! For the fifth time. He's worth 3.3 Billion EUR - 4.1Billion USD.
And he definitely doesn't make 90 million a day! I hate it when people regurgitate wrong info told by very stupid reporters.
i watched a documentary on youtube about the 1%. his name is Ingvar Kamprad. the guy is worth 53 billion. 90 million a day is not that hard to believe for a guy who is worth 53 billion.
53 billion!
Tell him to diversify into Bitcoins.
Wouldn't that be nice...even if he only threw a couple hundred million at us haha
IKEA got big by taking advantage of cheap forced prison labour in Eastern Germany in the 1980s. http://www.nytimes.com/2012/11/17/business/global/ikea-to-report-on-allegations-of-using-forced-labor-during-cold-war.html?_r=0
They likely won't survive mass adoption of 3D printers, if they and the materials become cheap enough. You could just download schematics for whatever IKEA furniture and produce it yourself.
They likely won't survive mass adoption of 3D printers, if they and the materials become cheap enough. You could just download schematics for whatever IKEA furniture and produce it yourself.
i watched a documentary on youtube about the 1%. his name is Ingvar Kamprad. the guy is worth 53 billion. 90 million a day is not that hard to believe for a guy who is worth 53 billion.
53 billion!
Tell him to diversify into Bitcoins.
Absolutely ridiculous. No one deserves that much money.
And who are you to say that? Give me one example of a person deserving money. Money are not given by merit. Anyone who can make money deserves it. Doesn't matter what you think.
About the 90 million a day - its bullshit. He doesn't make 1/10 of that. After taxes HIS CORPORATION makes ~70 million EUR/day. However when the pay salaries, taxes, expenses of all sorts he is left with 6Million EUR/day.
Thats not PROFIT though. Its revenue. It's an accumulated revenue since the company was started.
Absolutely ridiculous. No one deserves that much money.
i watched a documentary on youtube about the 1%. his name is Ingvar Kamprad. the guy is worth 53 billion. 90 million a day is not that hard to believe for a guy who is worth 53 billion.
Edit: as per wikipedia - "Net worth US$4.1 billion (June 2014)[1]"
Ikea has a revenue of 28 billion euro. But not just for 2014. That's the whole net worth of the company. Net income for 2013 is 3.3 billion. Don't get financial data from shows on TV, unless you watch bloomberg.
Worth 53 billion means the market cap of his company. It's a fictional (comparative) term. It doesn't mean he has 53 billion cash. Making 90 million a day is impossible. Apple makes less than that. And Ikea cannot compare to Apple.
Love IKEA and the way they treat their workers. That's alos a reason why they are so successful.
Yes, you are right!
They really respect their employers, they are all like one big family!
They also keep their unique standard and reputation for years, and because of this they are very successful!
Al this(this unique IKEA philosophy) started from this one guy!
he makes 90 million a day. he lives in switzerland and he pays 200K a year in taxes.
i find both parts of this story interesting.
i find both parts of this story interesting.
Yes, he's a real genius in entrepreneurship and finance.
The sad part is that he's not able to enjoy life
http://www.dailymail.co.uk/news/article-2300905/IKEA-magnate-Ingvar-Kamprad-lives-modest-house-eats-stores-cafe-shops-local-market.html
http://www.dailymail.co.uk/news/article-559487/He-lives-bungalow-flies-easyJet-dries-times-year--man-founded-Ikea-worth-pound-15bn.html
http://www.bbc.co.uk/news/world-europe-14661582
Love IKEA and the way they treat their workers. That's alos a reason why they are so successful.
The way of the world, my friend. Those that have not subsidise the ones that do...
he could be referring to the business, but he is speaking about the person, and his words are "he has gained 90 million every day this year."
here is the part where the sociologist says he earns 90 million a day.
https://www.youtube.com/watch?v=3DT-DTQke58&feature=youtu.be&t=18m55s
https://www.youtube.com/watch?v=3DT-DTQke58&feature=youtu.be&t=18m55s
Unfortunately, my current Internet connection isn't good enough for videos but could he be confusing IKEA profits with revenue? IKEA had a revenue of €28.5 billion EUR which converts to $35 billion USD in 2013 which approximately works out to $90 million per day. Not all of the revenue would end up as profits, however, since IKEA also has expenses (e.g. advertising, electricity, wages, raw materials) that need to be paid. This would be subtracted from the revenue and whatever is remaining (i.e. the profits) would actually be his to keep.
here is the part where the sociologist says he earns 90 million a day.
https://www.youtube.com/watch?v=3DT-DTQke58&feature=youtu.be&t=18m55s
https://www.youtube.com/watch?v=3DT-DTQke58&feature=youtu.be&t=18m55s
What is IKEA?
And I don't watch super rich people's lives.
It would be like a dog in front of a butchery looking everything he will never have and I have higher priorities in life.
And I don't watch super rich people's lives.
It would be like a dog in front of a butchery looking everything he will never have and I have higher priorities in life.
IKEA is a furniture company. They're supposed to be affordable and look good. Their products come as flat packs which you then assemble yourself. Shame we don't have them here in New Zealand. And even if we did, they'd probably be overpriced as hell.
And yeah, $90 million a day is completely unreasonable. That's about a billion dollars every ten days. Or $33 billion a year. Not a single person in this world makes that kind of money. Not even Bill Gates, Warren Buffett, etc.
Also an interesting thing I found is that the founder of IKEA (Ingvar Kamprad) was 17 years old when he started the company.
Here is the part from Wikipedia about his net worth:
Quote from: Wikipedia
According to Swedish business weekly Veckans Affärer,[6] he is one of the wealthiest people in the world. This report is based on the assumption that Kamprad owns the entire company, an approach that both IKEA and the Kamprad family reject. Kamprad retains little ownership in the company, having transferred his interest to Stichting INGKA Foundation and INGKA Holding as part of a complex tax sheltering scheme that leaves his actual degree of control vague.[7]
In March 2010, Forbes magazine estimated his fortune at US$23 billion, making him the eleventh richest person in the world. A year later, he fell from 11th place to 162nd after his lawyers produced documents that prove the foundation he created, and heads, in Liechtenstein owns IKEA, and its bylaws bar him and his family from benefiting from its funds.[8] In October 2012, Kamprad was listed as the fifth wealthiest person in the world in the Bloomberg Billionaires Index, with an estimated net worth of $42.6 billion.[9] As of February 2014, Kamprad's net worth was reported by Forbes to be $4.2 billion.[1]
In March 2010, Forbes magazine estimated his fortune at US$23 billion, making him the eleventh richest person in the world. A year later, he fell from 11th place to 162nd after his lawyers produced documents that prove the foundation he created, and heads, in Liechtenstein owns IKEA, and its bylaws bar him and his family from benefiting from its funds.[8] In October 2012, Kamprad was listed as the fifth wealthiest person in the world in the Bloomberg Billionaires Index, with an estimated net worth of $42.6 billion.[9] As of February 2014, Kamprad's net worth was reported by Forbes to be $4.2 billion.[1]
Link: http://en.wikipedia.org/wiki/Ingvar_Kamprad
if you are posting on bitcointalk you have time to waste.
What is IKEA?
And I don't watch super rich people's lives.
It would be like a dog in front of a butchery looking everything he will never have and I have higher priorities in life.
And I don't watch super rich people's lives.
It would be like a dog in front of a butchery looking everything he will never have and I have higher priorities in life.
he lives in a country that flourishes on being a tax haven for billionaires.
Yes
his public image doesn't matter.
Well... There is a lot of politics going on behind the scene about Ikea/Kamprad as a brand.
Nevertheless IKEA is not owned by any person or entity linked to Sweden. Nevertheless when a new Ikea opens in a country then is the local Swedish ambassador often invited to open the center. Should really be the ambassador of Lichtenstein, but I guess he is too busy
Also amazed about of the use of Swedish flags outside IKEA shops, when IKEA today has nothing to do with Sweden?
his public image doesn't matter. he lives in a country that flourishes on being a tax haven for billionaires.
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