IKEA Founder Cheap, Flat-packed.

GENEVA (Reuters) – IKEA founder Ingvar Kamprad, ranked 4th richest man in the world, drives a 15-year-old car and always flies economy class, in part to inspire his 90,000 employees worldwide to see the virtue of frugality…

Asked to confirm he drove an old Volvo, he said: “She is nearly new, just 15 years old, or something like that.”

Interviewer Darius Rochebin teased that Ikea employees were always told to write on both sides of the paper.

“Why not? If there is such a thing as good leadership, it is to give a good example. I have to do so for all the Ikea employees,” Kamprad retorted.

(Full article)

More IKEA fun-facts:

Sales for the IKEA Group in 2004 totalled 14.8 billion Euros.

The IKEA Group employs 90,000 people in 44 countries (74,000 of which are in Europe)

The UK ranks third in global IKEA sales (behind Germany and the USA).

During the store opening for Edmonton, at midnight on 10 February 2005, over 6,000 people turned up in the first three hours – resulting in casualties as people were crushed in the mob.

Frighteningly, there’s an IKEA fan site.

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