Via The Swedish Wire:
“No, I’m not going to withdraw. Not as long as I can walk upright”, 87-year-old Ingvar Kamprad, who controls Ikea Group, the world’s biggest home-furnishings retailer, told Swedish tabloid Aftonbladet.
“I think forward all the time and come up with new ideas. Sometimes it takes just a little longer”.
Ingvar Kamprad is the world’s fifth-richest man with a $55.6 billion fortune.
He began to develop a business as a young boy, selling matches to neighbors from his bicycle. He found that he could buy matches in bulk very cheaply from Stockholm, sell them individually at a low price, and still make a good profit.
IKEA was founded in 1943 at Kamprad’s uncle Ernst’s kitchen table.