Eight Fascinating Facts About Ingvar Kamprad and IKEA
As furniture subtly crept into our daily lives, a unique entrepreneur from Sweden made life easy for humanity. Kamprad blessed the world with Billy bookshelves, Friheten sofas, Kallax shelf units, Lack side tables and many more. Ingvar Kamprad, the brain behind the outstanding success of IKEA, a furniture-making company, has died at the age of 91.
1. Kamprad made his first business deal at age five.
The farm boy with a bicycle at seven traveled to neighbouring fields to sell his matches. He later expanded his line of goods by selling fish, Christmas decorations, ballpoint pens, seeds, and pencils.
2. He started IKEA at age 17.
Kamprad started IKEA in 1943, four years into the bloody World War II. He used some money he got from his father as a gift for performing well at his studies despite his dyslexia. He started out by selling carbon copies of his Uncle Ernst’s kitchen table. Five years later, he diversified his product lines and added furniture. He retired as CEO in 1988 and stepped down from the company’s board in 2013 at the age of 87.
3. Kamprad lived a frugal life.
4. He was the second richest person in Europe.
5. Kamprad left Sweden so he could pay lower taxes.
6. IKEA is an acronym.
7. IKEA is the world’s largest consumer of wood.
8. IKEA has a store on every continent except South America.
It unravels the power of an idea successfully birthed by a visionary leader that understood the essence of consistency. I hope this inspires you to chase success pants down and remain undaunted in the face of challenges until you lay hold of greatness.