From makeup mogul Kylie Jenner to Hong Kong real estate heir Jonathan Kwok, these 10 billionaires are worth $15.9 billion combined. google_ad_client = "pub-9707909278726346"; /* 336x280, created 8/25/10 */ google_ad_slot = "8189288933"; google_ad_width = 336; google_ad_height = 280; Kamprad personally retains little ownership in the company, having transferred his interest to Stichting INGKA Foundation and INGKA Holding as part of a complex tax sheltering scheme that leaves his actual degree of control vague. In theory, nothing can happen at IKEA without the committee's agreement. The name "INGKA" comes from a contraction of Ingvar's name (INGvar KAmprad), while stichting is the Dutch language word for foundation. Stichtingen, or foundations, are the most common form of not-for-profit organisation in the Netherlands; tens of thousands of them are registered. If the Stichting Ingka Foundation is really just a giant piggy bank, it's got a rather sizable hole in it. Kamprad explained his teenage engagement in New Swedish Movement as being politically influenced by his Father and grandmother in Sudet-Germany.

In 1982, his ownership stake in the company was given to the newly formed Stichting Ingka Foundation, a Dutch charity. From WeWork’s Adam Neumann to Canada Goose chief Dani Reiss, 267 people who were billionaires a year ago did not make onto Forbes’ new list of the World’s Billionaires. Its value easily exceeds the $26.9 billion shown in the latest published accounts of the Bill & Melinda Gates Foundation, which is commonly awarded that accolade. This report is based on the assumption that Kamprad owns the entire company, an approach that both IKEA and the Kamprad family reject. Paullin, Plumer told his son that it was because he felt Monroe lacked foresight and neglected his duty). His Business was mostly mail order. Achim was the younger son of an estate owner and had bought the farm Elmtaryd (presently standardized Älmtaryd) near the small village of Agunnaryd (now part of Ljungby Municipality) in the province of Småland; with 449 hectares of land it was the largest farm in the area. We rely on our strength and our will!" If the Stichting Ingka Foundation is really just a giant piggy bank, it's got a rather sizable hole in it. It's full of tips and tricks for repotting a plant, taking care of certain types of plants, and adjusting light for your plant baby's survival. If Stichting Ingka Foundation has net worth of at least $36 billion it would be the world's wealthiest charity. Because IKEA is owned by charities, none of its profits are taxed, making the Ingka Foundation the largest charity in the world, with a net worth of $36 billion.

All Rights Reserved. The Economist has investigated the group's no less astonishing finances. He also worked with Swedish journalist Bertil Torekull on the book Leading by Design: The IKEA Story. So here are several questions you've probably wondered at one time or another, but were afraid to ask.

The tools are all included, so all your giftee has to do is plant the seeds and set the ceramic pot in a sunny spot. On forbes lists #1990. You read that correctly; IKEA's technically a charity. //

If your gift recipient loves plants but can't keep real ones alive, give them this mini wall calendar. Ingka Group is one of Ikea's 12 franchisees and owns Ikea Retail, which operates 367 of Ikea's 434 stores. The company is fully owned by the Stichting INGKA Foundation.

In 2018, INGKA received 90% of IKEA’s revenue. The Dutch-registered Stichting INGKA Foundation is named after Ingvar Kamprad (i.e., ING + KA) which owns INGKA Holding, the parent company for all IKEA stores. Since each seat in Congress is roughly analogous to one vote in the Electoral College, these states let each congressional district pick its own candidate. In March 2010, Forbes magazine estimated Kamprad's fortune at US$23 billion, making him the eleventh richest person in the world.

[4], http://annualreport.ingka.com/wp-content/uploads/2019/02/Ingka_AR18_190206_2_3.pdf, "Furniture shops: The secret of IKEA's success", "Ingka to acquire 80% stake in seven Romanian wind farms", https://en.wikipedia.org/w/index.php?title=INGKA_Holding&oldid=984693095, Creative Commons Attribution-ShareAlike License, This page was last edited on 21 October 2020, at 14:57.