Ingvar Kamprad

DEFINITION of 'Ingvar Kamprad'

The billionaire founder of Swedish furniture store giant IKEA, and one of the world's richest people according to Forbes. IKEA is known for stylish, functional and affordable self-assembled furniture.

BREAKING DOWN 'Ingvar Kamprad'

Kamprad founded the company in 1943, but it originally sold small items like wallets and ballpoint pens. The company did not focus on furniture until 1948 and soon began to operate by mail order, not opening a showroom until 1953. The first store opened in Sweden in 1958, and the United States saw its first IKEA in 1985. In 2009, the company operated 309 franchised retail stores in more than 35 countries.



RELATED TERMS
  1. Big Box Retailer

    A retail store that occupies an enormous amount of physical space ...
  2. Forbes

    Forbes is an American media and publishing company headed by ...
  3. Billionaire

    An individual who has assets or a net worth of at least one billion ...
  4. Furniture, Fixtures & Equipment ...

    Movable furniture, fixtures or other equipment that are have ...
  5. Store Of Value

    Any form of commodity, asset, or money that has value and can ...
  6. Big Ticket Item

    Big ticket items are high-value items, such as houses and cars, ...
Related Articles
  1. Economics

    Has IKEA Reached 'Peak Curtains?'

    An IKEA executive made a comment that would have rankled investors (were IKEA not privately held). Here's what he (probably) really meant.
  2. Personal Finance

    Ingvar Kamprad

    These billionaires choose to live way below their means.
  3. Economics

    What is Operating Revenue?

    Operating revenue is income that’s derived from sources related to a company’s everyday business operations.
  4. Entrepreneurship

    Top 6 Most Successful European Entrepreneurs

    Understand what makes European entrepreneurs successful. Learn about six European entrepreneurs who have found great success in terms of their net worth.
  5. Savings

    7 Real-Life Ways To Become A Billionaire

    How you pursue your billions is just as important as what you do. Here are some dos and don’ts to follow.
  6. Budgeting

    11. Buy Instead Of Rent

    The recession won't last forever, but in the meantime take advantage of these lazy ways to stay on track financially, and develop some pretty good money management habits for the future!
  7. Budgeting

    Patio Parties

    With summer often comes outdoor barbecues and parties
  8. Investing Basics

    The Industry Handbook: The Retailing Industry

    All businesses that sell goods and services to consumers fall under the umbrella of retailing, but there are several directions we can take from here. For starters, there are department stores, ...
  9. Personal Wealth & Private Banking

    5 Reasons to Invest in Mid-Century Modern Furniture

    Look for original pieces from the mid-20th century (not reproductions) as worthwhile investments – and get the pleasure of living with them, too.
  10. Personal Finance

    6 Tips for Investing in Antiques

    Historically, antiques are highly appreciating assets, but be prepared for a long-term investment.
RELATED FAQS
  1. What are the most popular companies in the retail sector?

    Learn about some examples of popular companies in the retail sector. Understand what makes these retail companies popular ... Read Answer >>
  2. How do investors interpret the same store sales ratio when analyzing retail stocks?

    Examine the importance of the same-store sales ratio as a key equity evaluation metric utilized by investors interested in ... Read Answer >>
  3. Is Sweden a developed country?

    Learn why Sweden is considered to be a developed country. Read about how Sweden scored highly on the Human Development Index ... Read Answer >>
  4. What do hard and soft goods in the retail sector refer to?

    Understand the difference between hardlines and softlines offered by various retailers and the characteristics of these basic ... Read Answer >>
  5. When are businesses required to use accrual accounting?

    Determine when the accrual accounting method must be used instead of cash accounting. Most businesses use accrual accounting ... Read Answer >>
  6. What are some examples of companies that are Value-Added Resellers?

    Learn what a value-added reseller is, what companies most often provide value-added products and services, and what products ... Read Answer >>
Hot Definitions
  1. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  2. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  3. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  4. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  5. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  6. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
Trading Center