Tuesday, December 22, 2009, 9:28AM ET - U.S. Markets open in 2 mins..
World's Billionaires - #7
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Ingvar Kamprad & Family
Sweden
$31.0 bil
- Peddled matches, fish, pens, Christmas cards and other items by bicycle as a teenager.
- Started selling furniture in 1947.
- Now, his company Ikea, which sells hip designs for the cost-conscious, is one of the most beloved retailers in the world, with an almost cultlike following.
- Ikea now has stores in 40 countries, from Sunrise, Fla., to Guangzhou in China.
- As egalitarian as his brand, Kamprad avoids wearing suits, flies economy class and frequents cheap restaurants.
- Has been quoted as saying that his luxuries are the occasional nice cravat and Swedish fish roe.
- Says his home is furnished mostly with his own Ikea products.
- Last May was awarded the Global Economy Prize by the University of Kiel for his contributions to society.
Rates
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Loan Type Today Last Week 30 Year Fixed 5.11% 5.07% 15 Year Fixed 4.48% 4.55% 1 Year ARM 3.91% 3.94% 30 Year Fixed Jumbo 5.90% 5.86% 5/1 ARM 4.25% 4.19% 3/1 ARM 4.94% 4.97% Source: Bankrate -
Loan Type Today Last Week $30K Home Equity Loan 8.38% 8.34% $50K Home Equity Loan 8.28% 8.22% $75K Home Equity Loan 8.31% 8.25% $30K HELOC 5.17% 5.19% $50K HELOC 4.91% 4.93% $75K HELOC 4.91% 4.93% Source: Bankrate -
Loan Type Today Last Week 36 Month New Car Loan 6.71% 6.70% 48 Month New Car Loan 6.84% 6.82% 60 Month New Car Loan 6.88% 6.86% 72 Month New Car Loan 6.12% 6.12% 36 Month Used Car Loan 7.17% 7.17% 48 Month Used Car Loan 7.05% 7.05% Source: Bankrate -
Card Type Today Last Week Business Credit Cards 10.74% 9.74% Low Interest Credit Cards 11.97% 11.65% Balance Transfer Credit Cards 12.09% 12.13% Cash Back Credit Cards 12.49% 12.08% Instant Approval Credit Cards 13.32% 13.32% Reward Credit Cards 13.42% 13.29% Source: CreditCards.com
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