Let’s welcome our new world’s number one rich person. Bill Gates, no question? It is Ingvar Kamprad, the Swede who founded
furniture retail chain IKEA. Ingvar has overtaken the world’s richest
person position from Bill Gates. Ingvar is reported to have personal property worth $53 billion. Where as the Gates personal
fortune was put at $ 47 billion by latest list of world’s richest persons of Forbes magazine. Ingvar Kamprad is 77 years old and known to have frugal habits like flying in economy class. He lives in Switzerland. He doesn’t take part in the daily running of IKEA, however he retained the right of ownership with him. IKEA has 180 stores in more than 30 countries.
The main reason behind Ingvar success is dollar slide against the other currencies. Also Bill Gates is not able to increase his fortune with any considerable level. The main reason behind Gates fails is supposed to be the stiff competition from rivals like google and non ability to deliver something new. So at least some is able to overtake Gates and become the World’s richest person, causing a long era to end.
www.geocities.com/arvindkatoch1