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 Flatpacks forever: Ikea billionaire's fortune falls to no one after his death

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RR Phantom

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Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary

PostSubject: Flatpacks forever: Ikea billionaire's fortune falls to no one after his death    Thu Feb 01, 2018 4:30 pm

When Ikea's Ingvar Kamprad died last Saturday at age 91, he was ranked No. 8 on the Bloomberg Billionaires Index,  thanks to his control of a global retail fortune valued at $U58.7 billion ($73.8 billion).



His wealth will now be dissipated because of a unique structure put in place by Kamprad to secure the long-term independence and survival of the Ikea concept.

http://www.smh.com.au/business/retail/flatpacks-forever-ikea-billionaires-fortune-falls-to-no-one-after-his-death-20180131-h0rm6a.html
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