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.
from what i hear he is a froogle old man who lives a very modest life style compared to his wealth. he is more about working hard and making it than spending it and flaunting it.
That image would certainly make tax avoidance much less complicated.
from what i hear he is a froogle old man who lives a very modest life style compared to his wealth. he is more about working hard and making it than spending it and flaunting it.
Funny side note, he checks out his Swedish retirement check every month.
And when he shows in the medias he always drives an rather old Volvo station car.
Much poor
And when he shows in the medias he always drives an rather old Volvo station car.
Much poor
the documentary i watched was from 2012 so i'm sure the numbers will vary. i found this article interesting. i guess different people have different views regarding what counts towards your worth. he may have 4 billion in cash and 40 billion in assets. who knows how these people come up with these numbers but i will bet you my ass the guy didn't lose 49 billion. he has it stashed away somewhere and spread out over multiple investments.
http://www.businessinsider.com/ingvar-kamprad-lost-17-billion-2011-3
http://www.businessinsider.com/ingvar-kamprad-lost-17-billion-2011-3
USD$90M/day is a ridiculous figure and completely unjustifiable. Regardless of whether you use the $42B Bloomberg figure or the $3.7B Forbes figure for his networth, he doesn't make $92M/day unless you look at some single day stock price change.
If he "made" $90M/day for a year, that would add $33B to his network. According to Bloomberg he's lost $8.6B in his networth in 2014.
If he "made" $90M/day for a year, that would add $33B to his network. According to Bloomberg he's lost $8.6B in his networth in 2014.
It's not a guy, but an old people which has more of 80 years I guess. But, It's nothing of new that big company like IKEA find some method to avoid taxes and pay less possible. See Google for example, he find a very good way for not pay no one country
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
i find both parts of this story depressing.
My view on it.
in new jersey they are fighting for higher wages. they were only asking for something around $1.40 increase. the governor rejected it and it pushing for $1 increase spread out of the course of 3 years. so that's like 33 cents a year raise. not nearly enough to keep up with inflation.
nope, would you? nope. i doubt very much she makes enough in tips to not be considered the working poor. i think it's a big scam they work for $2 an hour and have to "hope" for tips.
I agree. They should fight for higher wages. Here in Alberta we have a minimum wage, and people who serve alcohol get $2 less than that. Most everyone is OK with the system, because it's understood that most people tip.
nope, would you? nope. i doubt very much she makes enough in tips to not be considered the working poor. i think it's a big scam they work for $2 an hour and have to "hope" for tips.
right now i'm watching something about the working poor. bartenders and waiters make $2.13 an hour in new jersey. this one girl showed her two week pay check and it was $27 after taxes.
https://www.youtube.com/watch?v=V_3zmBUCVcI&feature=youtu.be&t=4m7s
https://www.youtube.com/watch?v=V_3zmBUCVcI&feature=youtu.be&t=4m7s
She didn't show the hundreds she got in tips, and doesn't pay tax on, does she?
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.
Which documentary ? Can you give URL
the most recent study shows the rich own 87% of the worlds wealth and the 1% control 48%.
40% of the worlds wealth owned by the elite 1%
right now i'm watching something about the working poor. bartenders and waiters make $2.13 an hour in new jersey. this one girl showed her two week pay check and it was $27 after taxes.
https://www.youtube.com/watch?v=V_3zmBUCVcI&feature=youtu.be&t=4m7s
https://www.youtube.com/watch?v=V_3zmBUCVcI&feature=youtu.be&t=4m7s
That's quite impressive. Get him to buy some bitcoin (just kidding)
(just kidding)
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.
Proof?
Exactly, what's your source? I think making 90 million a day is really a lot. Especially if you only pay 200K taks per year.
If I would earn that much money a day I'm happy to pay that amount of tax ^^.
In the end, I think that guy did a nice job. Ikea is known about all across the world. However, not always in a positive way I think. Here in the Netherlands many people will see the stuff of Ikea as cheap (which is positive, especially for the Dutch), but also often as a lower quality.
Proof?
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.
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