The Straits Times
Published on Oct 06, 2012

Ikea founder Kamprad 'too busy to die'


GENEVA (AFP) - The 86-year-old founder of Swedish furniture giant Ikea revealed he has no plans to retire and rejected any idea of the company going public in an interview published in Switzerland.

"The company will never go to the market," Mr Ingvar Kamprad told the latest edition of Swiss business magazine Bilanz.

"We want to keep strict self-financing."

Named by Swiss media in June as Europe's richest man with an estimated fortune of US$37.5 billion (S$46 billion) including holdings in the family-owned foundation, Lake Geneva resident Kamprad also rubbished recent reports that he intended to step down.