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"No single Swede comes close to the epic wealth of a Bill Gates or a Warren Buffett." -- wasn't Ingvar Kamprad (of IKEA fame) more wealthy than Gates at one poi
by ptr 13y ago
"No single Swede comes close to the epic wealth of a Bill Gates or a Warren Buffett." -- wasn't Ingvar Kamprad (of IKEA fame) more wealthy than Gates at one point? Due to some currency being strong, iirc.
- Cederfjard 13y agoIf I recall correctly, the ownership of IKEA is quite intricate, with Swiss foundations and what have you in the mix. Mainly for tax purposes I think - there was quite a controversy here in Sweden a few years back regarding this. I believe that the wealth that Ingvar Kamprad ultimately controls is substantially larger than what a look at Forbes 500 might indicate, but perhaps that is not uncommon.
- smackay 13y agoBack in 2006 The Economist had a reasonably in-depth article on IKEA's corporate structure, http://www.economist.com/node/6919139 http://www.economist.com/node/6919139
- Cederfjard 13y agoThanks! Just skimmed it for now but will definitely read it later. So I was wrong in naming Switzerland - should've mentioned the Netherlands, Luxembourg, the Netherlands Antilles and Curaçao instead.
- dagw 13y agoHans Rausing of TetraPak is currently worth $11B according for Forbes. That's fairly close to Buffett's $55B.
- alanctgardner2 13y agoIn the same way that 20k a year and 100k a year are fairly close salaries ;)
- saraid216 13y ago11 digits and 11 digits are the same order of magnitude, at least.
- subsystem 13y agoKamprad in on par with Buffet if you belive Bloomberg. http://www.bloomberg.com/billionaires/2013-10-31/cya http://www.bloomberg.com/billionaires/2013-10-31/cya
- sbt 13y agoTrue. He probably doesn't tax to Sweden and thus doesn't show up on the list.