Friday, June 02, 2006

IKEA founder overtakes Gates as world's richest - TV

IKEA founder overtakes Gates as world's richest - TV: "IKEA founder overtakes Gates as world's richest - TV

STOCKHOLM (Reuters) - Ingvar Kamprad, the Swede who founded furniture retail chain IKEA, has overtaken Microsoft's Bill Gates as the world's richest man, Swedish TV news reported on Sunday.

Citing next week's edition of the Swedish business weekly Veckans Affarer, public service SVT2 television said Kamprad, 77, has a personal fortune of 400 billion crowns ($53 billion)."

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