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Ikea founder leaves fortune to no one, structures it to ensure it lasts forever

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31–40 of 373 posts

Re: Ikea founder leaves fortune to no one, structures it to ensure it lasts forever

#31

"The structure, which Kamprad established in the 1980s, assures that the Almhult, Sweden-based company stays outside the family’s direct control." "His wealth will now be dissipated " "Kamprad was not interested in money" Does anyone care about money less than Billionaires?

> Does anyone care about money less than Billionaires?

Having an army of good personal PR/marketing people does miracles. They will make people believe in everything about the person.

Re: Ikea founder leaves fortune to no one, structures it to ensure it lasts forever

#32
post #26
post #13

Earlier quoted context omitted.

He also tried to have his hair cut when visiting a cheap country. Maybe he did it in Spain...

If you ever had a haircut in sweden you know why...

Yup, a cheap haircut is about €20, I pay around €70 for mine in a mid-high-end salon but have seen places up to €120.

I'm a man.

Re: Ikea founder leaves fortune to no one, structures it to ensure it lasts forever

#33
post #9

When I was young and getting my driving license in Madrid I had to take a bus to the place were exams were done, in the south of Madrid(Mostoles). A friend of mine worked on IKEA and he told me that it was a lot of expectation as the founder had gone to Spain and it was taking the same bus that I took in order to visit the stores in Spain. It was surprising to me that someone owning billions will take the bus, while…

The testing center had their own car? Is this standard in Spain/Europe? I had to pay an instructor with a car to drive me to the testing center and let me use his car for the test while he waited around.

Re: Ikea founder leaves fortune to no one, structures it to ensure it lasts forever

#34
post #11
post #9

When I was young and getting my driving license in Madrid I had to take a bus to the place were exams were done, in the south of Madrid(Mostoles). A friend of mine worked on IKEA and he told me that it was a lot of expectation as the founder had gone to Spain and it was taking the same bus that I took in order to visit the stores in Spain. It was surprising to me that someone owning billions will take the bus, while…

There is a difference between behaving like a poor for ethnological interest vs being obliged.

Riding a bus is not behaving like the poor.

Re: Ikea founder leaves fortune to no one, structures it to ensure it lasts forever

#35

So, who ultimately appoints the directors? It sounds like it is Kamprad's heirs, but through some layers of indirection that prevents them from meddling directly.

There have been many inquires into this by Swedish journalists over the years, but it's a very dense structure of companies with unclear ownership and structure. So who controls it is unknown. It is also a great tax evasion schema since the ownership is a charity (that donates money to "product design"), allowing IKEA to escape vast sums of taxation globally.

Avoidance, not evasion. If you're a very frugal person, it seems pretty normal to hate taxes. No point in saving on everything, yet then throwing x% away in taxes (yes, I am aware taxes fund a lot of good things, but at the same time a lot of money is wasted -- I'm sure Kamprad thought he could better manage and deploy that money)

Re: Ikea founder leaves fortune to no one, structures it to ensure it lasts forever

#36
post #24

My understanding is that the Ikea corporate structure is much, much more complicated than this article even hints at, and in fact it is owned by so many different parties with different interests that go far beyond what is suggested here. Additionally, I think the Dutch are now the main owners of the main portions of the company that most associate with the name Ikea, as of a few years ago.

Who exactly are "the Dutch"?

https://en.wikipedia.org/wiki/Stichting_INGKA_Foundation

Re: Ikea founder leaves fortune to no one, structures it to ensure it lasts forever

#37
post #24

Earlier quoted context omitted.

Who exactly are "the Dutch"?

https://en.wikipedia.org/wiki/Stichting_INGKA_Foundation

This is very disrespectful of you towards the LBGT community!

Re: Ikea founder leaves fortune to no one, structures it to ensure it lasts forever

#38

"The structure, which Kamprad established in the 1980s, assures that the Almhult, Sweden-based company stays outside the family’s direct control." "His wealth will now be dissipated " "Kamprad was not interested in money" Does anyone care about money less than Billionaires?

Some millionaires care about money so little they give it away to people that need it more rather than designing elaborate structures to hide it from their family and the taxman...

Re: Ikea founder leaves fortune to no one, structures it to ensure it lasts forever

#40
post #33
post #9

When I was young and getting my driving license in Madrid I had to take a bus to the place were exams were done, in the south of Madrid(Mostoles). A friend of mine worked on IKEA and he told me that it was a lot of expectation as the founder had gone to Spain and it was taking the same bus that I took in order to visit the stores in Spain. It was surprising to me that someone owning billions will take the bus, while…

The testing center had their own car? Is this standard in Spain/Europe? I had to pay an instructor with a car to drive me to the testing center and let me use his car for the test while he waited around.

It's like your experience in Switzerland.
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