The huge fortune of IKEA falls to a philanthropic group after founder’s death

The founder of IKEA, Ingvar Kamprad, was one of the richest people on the earth before his death last week. The famously frugal entrepreneur was ranked number eight on the Bloomberg Billionaires Index, with his fortune estimated to be around $58.7 billion. But it appears most of that fortune won’t be going to Kamprad’s heirs, but rather, to a Dutch entity with the stated purpose of donating to charity and “supporting innovation” in design.

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The huge fortune of IKEA falls to a philanthropic group after founder’s death

The founder of IKEA, Ingvar Kamprad, was one of the richest people on the earth before his death last week. The famously frugal entrepreneur was ranked number eight on the Bloomberg Billionaires Index, with his fortune estimated to be around $58.7 billion. But it appears most of that fortune won’t be going to Kamprad’s heirs, but rather, to a Dutch entity with the stated purpose of donating to charity and “supporting innovation” in design.

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