Ikea flags are seen at the Wembley branch of the Swedish international furniture and home accessories company in west London October 15, 2010. REUTERS/Toby Melville

IKEA founder Ingvar Kamprad left $23 billion to charity

$23 billion

IKEA founder Ingvar Kamprad amassed 362 billion kronor ($46 billion) in wealth before he died. According to his will, half of that money will go to charity in Sweden, with the rest divided among his children.

Published   |  Photo by Reuters/Toby Melville
Ikea flags are seen at the Wembley branch of the Swedish international furniture and home accessories company in west London October 15, 2010. REUTERS/Toby Melville
$23 billion

Kamprad’s last will and testament, written in 2014, leaves that money to the Kamprad Family Foundation, tasked with reviving northern Sweden’s industrial sector.

Ikea flags are seen at the Wembley branch of the Swedish international furniture and home accessories company in west London October 15, 2010. REUTERS/Toby Melville
$23 billion

“[Kamprad] wanted to make it possible for young people to live there, and not have to leave,” Ikea Foundation director Per Heggenes told Swedish newspaper Dagens Nyheter.

Ikea flags are seen at the Wembley branch of the Swedish international furniture and home accessories company in west London October 15, 2010. REUTERS/Toby Melville
$23 billion

At the time of his death, Kamprad was the eighth-richest person on Earth—but he maintained a relatively frugal lifestyle, from flea-market clothes to a 1993 Volvo.

Ikea flags are seen at the Wembley branch of the Swedish international furniture and home accessories company in west London October 15, 2010. REUTERS/Toby Melville
$23 billion

The other half of Kamprad’s fortune will go to his four children: Peter, Jonas, Mathias, and Annika.

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