The Frugal Billionaire by Sam Webb

“Check out how the billionaire founder of IKEA lives. Ingvar Kamprad brought the world a solution, flies budget when he can easily afford a private jet and has zero interest is greed.” – GC

The frugal billionaire: IKEA magnate lives in modest house, eats at his store’s cafe and shops at local market

IKEA magnate lives in modest house, eats at his store’s cafe and shops at local market. IKEA founder, 87, is known for extreme care with money. Ingvar Kamprad flies budget class, takes the bus and eats at IKEA cafe. Yet he also owns a country estate in Sweden and a French vineyard.

You’d be forgiven for thinking the man who revolutionised interior design, making himself the fifth wealthiest businessman in the world in the process, lived a life of unimaginable luxury and splendour. Yet Ingvar Kamprad, the founder of global juggernaut IKEA, lives in an unassuming bungalow, favours the meatballs sold by his stores and only ever flies economy class, even though he could own a private jet without it even denting his personal fortune. Mr Kamprad, who turns 87 tomorrow, even shops in the local market towards the end of the day in order to scoop up bargains, reports the Daily Express. It is reported that he was once turned away from a swish business awards ceremony because he had just hopped off the bus and takes home the packets of salt and pepper from cafes.

Full Article: Daily Mail UK

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