The Surprising Life of IKEA Founder Ingvar Kamprad (2024)

It could also be argued that Kamprad invented, several decades ago, the kind of experiential shopping that has become mainstream in an era of retailers struggling to keep up with e-commerce. Of the amenities in his stores (a highly unusual notion at the time), Kamprad told The New York Times in 1997: "We want people to spend time with us, to plan what they buy—and we want to make all of that easy. We provide pencils and pads and tape measures and information about the various products. We have lockers for coats, tote bags to carry around impulse purchases, plenty of bathrooms, 50 or more sample rooms for people to inspect. So it's nice that they can go into the restaurant, have themselves a Swedish-meatball luncheon and plan how they are going create their living rooms. The store in Almhult, Sweden, even has a hotel with a swimming pool and a sauna attached to it."

Kamprad's success story—one which, by many accounts, he never anticipated—wasn't without its problems, though. The founder made no secret of his struggle with alcoholism and was often referred to by such nicknames as "old Scrooge." Most notably, though, he garnered much retroactive criticism for his involvement in Nazi-sympathetic groups and work as a Nazi party recruiter during and after World War II, a choice he later called "the greatest mistake of my life" in a 1994 letter to employees asking their forgiveness. "It is a part of my life which I bitterly regret," the founder wrote. "You have been young yourself. Perhaps something happened during your own youth which you now, a long time afterwards, think was silly. In that case it will be easier for you to understand me."

Reactions to Kamprad's admission were mixed, with some criticizing how long it took him to be open about his involvement and others questioning how long he should "suffer" for the mistakes of his past. (Closer to home, employees at IKEA seemed willing to forgive; hundreds of them responded to his letter with a fax saying "Ingvar, We are here whenever you need us, the IKEA family.") Kamprad's response was to do what he had been doing for years: maintain a low profile and keep his head down while he worked at continually improving what had by now become Sweden's most recognizable export.

He worked as a senior advisor to the company until his death, a decision he once thusly explained to a reporter: "What else could I do with my age? Grow tomatoes in an allotment behind the house? I don’t know how to do anything apart from sell furniture. I am your classic specialized idiot."

The Surprising Life of IKEA Founder Ingvar Kamprad (2024)

FAQs

The Surprising Life of IKEA Founder Ingvar Kamprad? ›

As a child, he was described by his father as “bone idle”, mostly due to his persistent failure to get up in the morning to milk the cows. Kamprad's early years were also characterized by numerous problems with learning, as he struggled with dyslexia. In fact, he was hampered by dyslexia throughout his life.

What is a fun fact about Ingvar Kamprad? ›

Kamprad displayed entrepreneurial skills as a boy when he began selling matches to neighbours. In 1943, at age 17, he founded a company called IKEA, the name of which was based on his own initials and on the first letters of the farm (Elmtaryd) and the village (Agunnaryd) where he grew up.

How did Ingvar Kamprad come up with IKEA? ›

IKEA is named after the initials of founder Ingvar Kamprad, Elmtaryd, the farm on which he grew up, and Agunnaryd, the nearby village.

What happened to Ingvar Kamprad? ›

Kamprad died in his sleep of pneumonia at his home in Småland, Sweden, on 27 January 2018 at the age of 91.

How much was IKEA Kamprad worth? ›

This success, however, didn't change much for the company's founder during his lifetime. Kamprad continued to live a frugal life, buying clothes from flea markets, getting inexpensive haircuts and driving an old car. He was estimated to be worth $58.7 billion, according to Bloomberg, when he passed away.

What did Ingvar Kamprad study? ›

In spring 1943, before setting off for Gothenburg to study at business high school, he told his family he wanted to start his own small firm. But because Ingvar was only 17 at the time, and still a minor, he needed the permission of a guardian, which he got.

What is a fun fact about LVMH? ›

The world's most valuable brand

In 2023, LVMH Group's fashion and leather goods segment brought in over 42 billion euros in global sales, an impressive figure that signals the recovery of the global personal luxury goods industry from the impact of the pandemic.

What does IKEA mean in Swedish? ›

IKEA is the name of a popular Scandinavian-founded, worldwide furniture store. The acronym that makes up the name stands for Ingvar Kamprad (the founder's name), Elmtaryd (the farm where the founder grew up), and Agunnaryd (the founder's hometown). Related words: big-box store.

Who inherited the IKEA fortune? ›

Simply put, Kamprad's heirs retained some wealth and control, but it appears the bulk of his fortune is held in charitable trusts. This complicated structure was reportedly the result of his desire to preserve IKEA's unique culture and ensure its survival over the long-term.

What was the controversy with the owner of IKEA? ›

Around the same time he started Ikea, Kamprad joined Sweden's fascist movement. He regularly attended meetings with pro-Nazi extremist groups, maintained a long-running friendship with a leading Swedish fascist and, according to some accounts, was an active member of the Swedish version of the Hitler Youth.

Is IKEA still family owned? ›

IKEA brand is owned by a holding company called Inter IKEA Holding SA. Inter IKEA Holding SA is also owned by the Interogo foundation, which is a non-profit foundation created to preserve Kamprad's family wealth and support charitable initiatives.

Did the owner of IKEA go to school? ›

Ingvar Feodor Kamprad was born in Pjatteryd, Sweden, on March 30, 1926. He attended local schools and studied business in Goteborg. He founded Ikea in 1943, using money his father gave him for chores to register his mail-order business.

What is the Ikea family story? ›

IKEA Family was launched in the Linköping store in Sweden in 1984. But the foundations, of what is today one of the largest customer clubs in the world, were set already back in 1952 when IKEA founder, Ingvar Kamprad, started the first IKEA customer club, “Silverklubben”.

What is a fact about Hollister? ›

Hollister Co. is a clothing company owned by Abercrombie & Fitch. The kind of clothing they sell is casual, meaning that it is for informal use. It also has a theme based on the surfing cultural movement of Southern California. The first Hollister store opened in July 2000 in Columbus, Ohio.

What is an interesting fact about Tommy Hilfiger? ›

Hilfiger became an industry pioneer by sponsoring the tours of Britney Spears, The Rolling Stones, Sheryl Crowe, Jewel and Lenny Kravitz; the TOMMY HILFIGER brand also collaborated on fragrance campaigns with Beyoncé and Enrique Iglesias, and a fashion campaign with icon David Bowie and supermodel Iman.

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