IKEA Fortune Put in the Spotlight With Rights Sale
The complex ownership structure behind IKEA, the world’s largest furniture retailer created by billionaire Ingvar Kamprad, became more transparent last week after IKEA’s franchisor published its financial performance publicly for the first time.
The new details allow for a more complete valuation of the secretive IKEA empire, increasing the Bloomberg Billionaires Index estimate of Kamprad’s fortune by more than $1.4 billion, to almost $39 billion.
Full Story: Bloomberg.com