Founder of DIY furniture giant on how he does it

March 10, 2016 16:13

'Frugal billionaire Ingvar Kamprad, founder of the flatpack furniture chain Ikea, buys his clothes at flea markets to save money, he has said in a documentary to be broadcast on Swedish television,' reports The Guardian, UK.

'I don't think I'm wearing anything that wasn't bought at a flea market. It means that I want to set a good example,' he told Swedish channel TV4, The Guardian quoted business daily Dagens Industri.

Kamprad, who turns 90 this month, was listed in 2006 by Forbes magazine as the fourth richest person in the world. Recent Swedish media reports estimate him to have an accumulated fortune of about 65.5bn.

You can read more about this famously frugal entrepreneur here.

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