IKEA Founder Ingvar Kamprad; a Study in Frugality

Sweden’s Ingvar Kamprad, who founded the IKEA chain of hypermarkets, was said to be worth $1.5 billion when he died in 2018. Yet despite his enviable wealth, Kamprad was known for extreme penny-pinching, even going so far as to recycle his used teabags.

15 Feb 2022