Ingvar Kamprad was a Swedish entrepreneur best known for founding IKEA, the globally renowned furniture retail company. Born in 1926 in Sweden, he started his business career at a young age by selling matches, and later expanded into other products. His innovative approach to furniture retail, emphasizing affordability and flat-pack designs, revolutionized the industry worldwide.
Kamprad's business philosophy centered on cost-cutting and efficiency, which allowed IKEA to offer stylish furniture at competitive prices. Despite his immense success, he was known for his frugal lifestyle and modesty, often driving a simple car and living modestly compared to other billionaires. His management style prioritized innovation, customer satisfaction, and a flat organizational structure.
Ingvar Kamprad passed away in 2018, leaving behind a global brand that transformed furniture shopping. His legacy includes not only the success of IKEA but also his influence on retail and corporate management practices. He remains a symbol of entrepreneurship and ingenuity, showcasing how a small idea can grow into a worldwide enterprise.