The founder of IKEA has died at age 91. Ingvar Kamprad, the Swedish empire creator, died January 27 in his home in Smaland, Sweden. According to IKEA's press release, Kamprad passed away surrounded by loved ones following a short-term illness.
Kamprad, who was dyslexic, grew up on a farm in a province of Smaland. He milked cows on his family farm but found it extremely hard to focus during class time at school. He grew up very poor and his only way to earn money was by selling matches and pencils.
At age 17, Kamprad registered his mail-order business, and named it IKEA. He named it after himself and his farm. The first two were of his initials, and the last two were of his farm, Elmtaryd, and his village, Agunnaryd.
Kamprad is known as one of the greatest entrepreneurs of the 20th century. At age 17, in 1943, he founded IKEA and stayed committed to his company all these years. His drive for this strong commitment "was the vision of creating a better everyday life for the many people."
Kamprad first opened a showroom in 1953 in Almhult and in 1958 he had his first IKEA store. In the 1960s, he opened one in Denmark, Norway, Stockholm, and elsewhere in Sweden.
“We are deeply saddened by Ingvar’s passing," Torbjörn Lööf CEO and President of Inter IKEA Group said. "We will remember his dedication and commitment to always side with the many people. To never give up, always try to become better and lead by example."
Over the past seven decades, Kamprad has grown IKEA to be the world's largest furniture store. It has more than 350 stores in 29 countries across North America, Europe, the Middle East, the Caribbean, and Asia. According to the Bloomberg Billionaires Index, Kamprad is the eighth-richest person in the world, with a net worth of $58.7 billion.
According to IKEA's release, "Kamprad was a great entrepreneur of the typical southern Swedish kind - hardworking and stubborn, with a lot of warmth and a playful twinkle in his eye. He worked until the very end of his life, staying true to his own motto that most things remain to be done."
Ingvar Kamprad will be missed. Please keep his family in your prayers. In other news, Carrie Underwood has updated her fans after her terrifying fall that left her with 40 stitches. Check out the article here.