The family behind global retailing giant IKEA manages the furniture chain and other interests through two family-run foundations – Inter Ikea and Ingka.
Ingvar Kamprad opened his first furniture store in 1947 and forged one of the world’s most successful retailers, with revenues of nearly $46 billion in the last year before his death in 2017.
Half of Ingvar Kamprad’s approximately $90-million estate was passed to his three sons, Mathias, Jonas and Peter Kamprad, and his adopted daughter, Annika Kihlblom. The remaining half was bestowed to the Kamprad family’s foundation with a mandate of supporting economic development in northern Sweden.
Peter Kamprad is chairman of Ikano Group’s supervisory board, a banking, insurance and property company that also owns Ikea locations in Singapore, Malaysia and Thailand. Peter’s brother, Mathias, sits on the supervisory board of Ikano Group, Inter Ikea and Interogo Foundation, the organisation that controls Inter Ikea. Their brother Jonas, a trained furniture designer, also sits on the supervisory board of Ikano Group.
The three sons have vowed to honour their father’s legacy through ensuring IKEA’s core values and uniqueness in the landscape of furniture design.
