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I'm sure you all shopped at IKEA once or twice or have at least heard of the name. But have you heard about IKEA's founder Ingvar Kamprad? Ingvar Kamprad has a reputation for being one of the most private and modest billionaires in the world. Despite being worth $58.7 billion at his peak, Ingvar always rode economy when flying and stayed at modest hotels. But, his money savings habits stretched much further than just that. Whenever Ingvar traveled to third-world countries to visit IKEA stores, he would just get a haircut there because it was significantly cheaper. Similarly, he would buy a lot of his daily clothes at nearby flea markets. This makes sense when you consider his extremely frugal upbringing through the great depression. This video explains the story of Ingvar Kamprad and how he built IKEA into the world's largest furniture retailer today.

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Timestamps:
0:00 - IKEA
0:59 - Kid Entrepreneur
3:17 - Mail Order Business
4:49 - Furniture Business
6:48 - International Giant
8:16 - Ingvar’s Fortune

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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