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IKEA Founder Ingvar Kamprad passed away on Sunday following complications from pneumonia just shy of his 92nd birthday.
Kamprad started IKEA 1943 when he was just 17 years old. The Prime Minister, Stefan Löfven, praised Kamprad as an inspirational figure: “Ingvar Kamprad was a unique entrepreneur who had a big impact on Swedish business and who made home design a possibility for the many not just the few,” he said in a statement.
“An icon has passed from time,” write business profiles Marcus, Jacob and Peter Wallenberg with reference to the passing of IKEA founder Ingvar Kamprad. In Svenska Dagbladet they describe him as “one of the biggest entrepreneurs of our time” and to Dagens Industri, Jacob Wallenberg, president of Investor, says that Kamprad was a “role model for Sweden” since he despite his relatively simple background managed to build IKEA and create something ”that we all are proud of.” H&M owner Stefan Persson called Kamprad a “charismatic entrepreneur who has meant a great deal, not only to Sweden but to the world,” In another article in Dagens Industri, Cevian Capital’s Founder Christer Gardell calls Kamprad one of Sweden’s foremost businessmen through all times.
Ingvar Kamprad began with two empty hands to become one of the richest people in the world – as the founding owner of furniture chain store IKEA. Sweden.se has written up his story, from farm life to flat-packs.