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who was the owner of ikea..i thought he was #1 for a while

Quote:

Originally Posted by twitchyzero (Post 6855738)

who was the owner of ikea..i thought he was #1 for a while

http://en.wikipedia.org/wiki/Ingvar_Kamprad

Quote:

Originally Posted by Zulu (Post 6855603)

You must be living in 1972

Really depends on his definition of set.

Buy a small apartment for 400, a small car for 40k, 60k for other odds and ends, toss the 1m into the bank and even at 1% regular interest, he has $800++ per month to spend without touching the principal.

However, if you want a nice 3m condo or 5m house in Van West + a Ferrari, Lambo and a couple of luxury daily drivers, then even 10M wont get you "set".

Quote:

Originally Posted by halogodv2 (Post 6855770)

http://en.wikipedia.org/wiki/Ingvar_Kamprad

what a guy..

Quote:

Kamprad began to develop a business as a young boy, selling matches to neighbors from his bicycle. He found that he could buy matches in bulk very cheaply from Stockholm, sell them individually at a low price, and still make a good profit. From matches, he expanded to selling fish, Christmas tree decorations, seeds, and later ballpoint pens and pencils. When Kamprad was 17, his father gave him a cash reward for succeeding in his studies.[2] He used this money to establish what has grown into IKEA.

The acronym IKEA is made up of the initials of his name (Ingvar Kamprad) plus those of Elmtaryd, the family farm where he was born, and the nearby village Agunnaryd.

Kamprad has lived in Epalinges, Switzerland since 1976. According to an interview with TSR, the French language Swiss TV broadcaster, Kamprad drives a 15 year old Volvo, flies only economy class, and encourages IKEA employees to always write on both sides of a paper.[3] In addition, Kamprad has been known to visit IKEA for a "cheap meal." He is also known to buy Christmas paper and presents in post-Christmas sales. While Kamprad's frugality is well documented, it is also an important part of the carefully managed image presented to IKEA employees and the general public. He less frequently mentions that he owns a villa in an upmarket part of Switzerland, a large country estate in Sweden, and a vineyard in Provence, France, or that he drove a Porsche for several years.[4][5][6]

Quote:

Originally Posted by VK79 (Post 6855819)

toss the 1m into the bank and even at 1% regular interest, he has $800++ per month to spend without touching the principal.

rofl, I wipe my ass with more than $800.

Quote:

Originally Posted by Zulu (Post 6856583)

rofl, I wipe my ass with more than $800.

I wish I was ballin' like that.. I have to use a handful of pennies.. :(

Quote:

Originally Posted by Zulu (Post 6856583)

rofl, I wipe my ass with more than $800.

Wow bro that is one expensive roll of toilet paper!! Wish I can be as rich as you are.

On a serious note thou, I know and have worked with many successful individuals who can easily buy 100k cars cash and spend money like a "baller" but they lead a simple life and most likely spend no more than 1k per month (less Home+Car loan if any).