Flatpacks forever: Ikea billionaire's fortune falls to no one after his death
Author
Message
RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
Subject: Flatpacks forever: Ikea billionaire's fortune falls to no one after his death Thu Feb 01, 2018 1:30 am
When Ikea's Ingvar Kamprad died last Saturday at age 91, he was ranked No. 8 on the Bloomberg Billionaires Index, thanks to his control of a global retail fortune valued at $U58.7 billion ($73.8 billion).
His wealth will now be dissipated because of a unique structure put in place by Kamprad to secure the long-term independence and survival of the Ikea concept.