IKEA Founder Left $23 Billion To Charity And Businesses In Sweden
March 19, 2018
IKEA founder Ingvar Kamprad was worth an estimated $46 billion before he died. According to his will, half of that money will go to charity and businesses in Sweden, with the rest divided among his children.
Kamprad passed away in January 2018 at his home in Smaland, a province in southern Sweden, at the age of 91.
Since starting IKEA in 1943 at 17 years old, Kamprad amassed an estimated 362 billion kronor ($46 billion) according to Swiss economic magazine, Bilan.
In his last will and testament, written in 2014, Kamprad left half of that money to his four children, and the other half to the Kamprad Family Foundation, tasked with reviving northern Sweden's industrial sector.
"The remaining part of my estate will go to the FKS foundation. These funds will be used for the development of business activity in Norrland," Kamprad's will reads.
"He wanted to make it possible for people to live there and not have to leave," IKEA Foundation director Per Heggenes said.
At the time of his death, Krampard was the eight richest person in the world.
Click Here For The Most Popular On Sunny Skyz
Drive-Thru Safari Surprise: Woman Gets Up Close And Personal With Scottish Highland Cow
Son's Hilarious Obituary For His Father Goes Viral: A Final Tribute Full Of Laughs
Cookie Monster Caught Speeding: Traffic Camera Picture Has People In Stitches
What Foreigners Find Weird About America That Americans Don't Even Notice
Essential Life Skills Every College Student Should Master
How This Guy Gets Seniors Moving With Simple, Everyday Objects!
Drive-Thru Safari Surprise: Woman Gets Up Close And Personal With Scottish Highland Cow
Rat Going For Ride Won't Leave Car, Surprises Driver With Laugh Out Loud Moment
Mom Shares Her Son's Adorable First Date Moment
Man Smashes Window To Save Terrified Dog Trapped In Flood Waters
Young Dancer Stuns With Incredible 'Thriller' Dance Routine