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Tens of billions! That’s how rich Ingvar Kamprad’s heirs really are

The heirs of the Ikea founder are among the richest Swiss. Ingvar Kamprad, who died in 2018, founded the furniture chain almost 80 years ago.

The heirs of the Swedish Ikea furniture company remain the richest residents of Switzerland. That emerges from the annual list of riches that the magazine “Bilanz” published on Friday.

Mathias, Jonas and Peter Kamprad, the sons of Ikea founder Ingvar Kamprad, who died in 2018, top the list with a total of around 55 billion francs (almost 50.9 billion euros).

Kamprad founded Ikea in 1943 – but did not add furniture to its range until 1947. In 1952 the first Ikea furniture store opened. Today there are more than 400 houses worldwide.

The name of the furniture chain derives from its name (I.ngvar Kamprad), the first letter of his parents’ farm (E.lmtaryd) as well as the place where he grew up (A.gunnaryd). Kamprad was criticized because he was a member of a right-wing extremist group at the time of World War II and also supported it financially. He later distanced himself and apologized for it.

This German is on the ranking of the richest people in Switzerland

Behind Kamprad follow – far behind – the heirs of the pharmaceutical company Roche, the Hoffmann and Oeri families with around CHF 29 billion and the French Gérard Wertheimer, co-owner of the Chanel fashion label, with around CHF 25 billion.

Klaus-Michael Kuehne, majority shareholder of the logistics service provider Kuehne + Nagel, is considered the richest German in Switzerland. It is said to have increased two billion francs in assets this year and is now estimated at 12.5 billion francs.

The 300 richest residents have become even richer this year: they had 707 billion francs in assets, five billion francs more than in the previous year. However, the increase was less than in the past ten years.

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