Guardians of Grail

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Is Ingvar Kamprad the richest man on the planet
On Monday,爉edia reports爏aid Microsoft Chairman Bill gates has been dethroned because the world's richest man by Ingvar Kamprad, founder of Swedish furniture giant IKEA.
An upcoming issue of Swedish business weekly Veckans Affarer estimates Kamprad's wealth at 400 billion kronor ($53 billion). Gates' worth is estimated at $40.7 billion.?EM>Veckans Affarer said it is incorrect to say that Kamprad owns the whole company, along with all its stores. A USA Today report quoted a company spokesperson as stating that 'Ingvar Kamprad does not own IKEA as he has donated the concern towards the Dutch Stichting INGKA Foundation in 1982.'
Kamprad was born in 1926 in Smaland province in southern Sweden, where the life was frugal and also the soil was poor. Today,[link widoczny dla zalogowanych], he's known as the guy who founded the IKEA furniture chain and and also require dislodged Bill gates from his perch as the richest man on the planet.
And what is IKEA?
IKEA is one the world's largest furniture and home furnishing chains, with outlets in 30 countries. IKEA is short for for that initials of their founder as well as Elmtaryd and Agunnaryd, the farm and village, respectively, which is where Kamprad grew up.
Could IKEA's furniture business be worth a lot more than Microsoft,[link widoczny dla zalogowanych]?
The company's turnover for 2003 touched 12,370 million euros (about $148 billion, excluding sales tax). Swedish Television said recently Kamprad is worth about $51.6 billion. Veckans Affarer,[link widoczny dla zalogowanych], as we said above,[link widoczny dla zalogowanych], believes he's worth a bit more, about $53 billion. Kamprad's rise is attributed to the weakening of the dollar from the Swedish kronor. So don't be surprised if your strong dollar pushes Gates back up to the numero uno position.
Just how come so few people have heard about Kamprad?
The person is really a study in frugality. He travels economy,[link widoczny dla zalogowanych], rides the bus to prevent publicity, and keeps a low profile.
The length of IKEA?
190 stores in 30 countries,[link widoczny dla zalogowanych], 85,000 employees. And also the revenues given above.
What makes IKEA special,[link widoczny dla zalogowanych]?
The founding principle behind IKEA would be to provide functional, well-designed furniture at prices which are available to as many people as possible. In short, practical,[link widoczny dla zalogowanych], simple to use, cheap furniture. It is the old story of volumes minimizing prices making good.
How can they keep prices so low?
Simple. Reverse product creation. At IKEA, the designers first come up with a price for any product. They determine the most efficient manufacturing process for the product. And last, they conceptualise a design that matches the cost and the process, rather than the other way round, which tends to tie the cost to product. Quite simply, at IKEA, the cost helps make the product, not the other way around.
Microsoft is a recent phenomenon. How old is IKEA?
The organization was founded on July 28, 1943. In 1951,[link widoczny dla zalogowanych], the first IKEA catalogue was published and distributed free (that is constantly on the this day). But the first furniture showroom was opened only in 1953 in Almhult, Sweden.
Where does IKEA source its furniture from?
Actually, all of the company's designs are inhouse. It started designing its furniture in 1955 and also the first IKEA 'store' opened within the same city in 1958.
From Sweden to 30 countries is a nice problem,[link widoczny dla zalogowanych].
Yes, however it took time. The very first IKEA store outside Sweden opened in Oslo, Norway, in 1963; outside Scandinavia, in Spreitenbach, Switzerland Ten years later; the most recent opened in Thessaloniki, Greece, in 2001. But 4 years before that, at the height of the dotcom boom, they went where they did not require a store -- online.
What's so special about IKEA products?
For one, they save space. Two, they're cheap -- largely due to the fact that they do away with unnecessary detail. For example, as the saying goes, will an expensive finish on the back of the shelf or under a table-top improve the function? You get the drift.
Also, most IKEA goods are DIY types --爕ou buy it, you take it home, putting it together. Will save on having someone cart a dresser home. Also will save on needing to buy a truck to lug it home!
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