Daily News Archive
Brought to you by Home Furnishings Business
Ikea Founder Ranked World's 5th Richest
By Aggregated Content in Furniture Retailing on May 17, 2013
Ingrad Kamprad, the founder of Swedish furniture giant Ikea, finished fifth on the Bloomberg Billionaires Index published on Friday, with an estimated fortune of $55.6 billion.
Kamprad was the second wealthiest European on the list, after Spain's Amancio Ortega, owner of the retail Zara chain, who finished fourth.
Another Swede, H&M's chairman Stefan Persson, squeezed inside the top 20 with an estimated wealth of $25.5 billion.
Read Full Article...