Bill Gates loses No. 1 spot in net worth
April 5th, 2004 Leave a comment Visited 45 times, 1 so far today
Ikea founder’s net worth put at $53 billion, edging out Microsoft’s Bill Gates.
STOCKHOLM, (Reuters) – Ingvar Kamprad, the Swede who founded furniture retail chain IKEA, has overtaken Microsoft’s Bill Gates as the world’s richest man, Swedish TV news reported on Sunday.
Citing next week’s edition of the Swedish business weekly Veckans Affarer, public service SVT2 television said Kamprad, 77, has a personal fortune of 400 billion crowns ($53 billion).
Gates’s fortune is put at $47 billion, according to the latest list of the world’s rich in U.S. Forbes magazine, SVT2 said.
Kamprad, known for frugal habits such as flying economy class, lives in Switzerland and no longer takes part in the daily running of IKEA, but has kept ownership of the company with more than 180 stores in over 30 countries in the family.
SVT2 said the dollar’s slide against other currencies is the main reason why Kamprad has now overtaken Gates.
|
TechWhack on Facebook
|
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.