Wed, May 16, 2012, 7:53 AM EDT - U.S. Markets open in 1 hr 37 mins

World's Billionaires - #7

Fantasy Finance
© JEAN-BERNARD SEIBER/Reuters/Landov
Kamprad-Ingvar
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.

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