Reported 9 months ago
Ingvar Kamprad, the founder of IKEA, was one of the world's wealthiest individuals with an estimated worth of $60 billion. Despite his immense wealth, Kamprad led a frugal lifestyle, driving a 1993 Volvo, flying coach, staying in budget hotels, and even getting haircuts in developing countries. His frugal habits were not only personal choices but reflected his corporate philosophy and leadership style, setting an example for his employees. Additionally, Kamprad ensured that his heirs did not inherit the billions tied up in IKEA but rather the significantly smaller Ikano Group, maintaining the independence of the IKEA brand and preserving his vision through trust structures. His story emphasizes the value of mindful spending and financial planning.
Source: YAHOO