The founder of popular Swedish furniture chain Ikea, Ingvar Kamprad, has died at the age of 91 following a short illness, the company has announced.
The business magnate was born in Pjatteryd in Smaland province, southern Sweden.
The entrepreneur founded what would become the world’s largest furniture retailer in 1943 at the age of 17.
Kamprad was the eighth richest man in the world, with a total net worth of $58.7 billion according to Bloomberg.
“We are deeply saddened by Ingvar’s passing. We will remember his dedication and commitment to always side with the many people. To never give up, always try to become better and lead by example”, CEO and President of Inter IKEA Group Torbjörn Lööf said.