Editing Ingvar Kamprad (section)

== Net worth and Stichting INGKA Foundation ==
The Dutch-registered [[Stichting INGKA Foundation]] is named after Ingvar Kamprad (i.e., ING + KA) which owns [[INGKA Holding]], the [[parent company]] for all IKEA stores. Kamprad was chairman of the foundation.<ref name="flatpack" /> 

According to an article in the Swedish business weekly ''[[Veckans Affärer]]'' in 2004, Kamprad was one of the world's wealthiest people.<ref name="Who's really the world's richest?">[https://money.cnn.com/2004/04/06/news/newsmakers/worldswealthiestupdate/ "Who's really the world's richest?"] CNNMoney.com, 6 April 2004</ref> However, the report was based on the assumption that he owned the entire company, an approach both IKEA and the Kamprad family rejected since Kamprad retained little direct ownership in the company, having transferred his interest to the foundation.<ref name="flatpack">{{cite news |url=http://www.economist.com/business/displaystory.cfm?story_id=6919139 |title=IKEA: Flat-pack accounting |access-date=14 August 2021 |newspaper=The Economist |date=11 May 2006 |archive-url=https://web.archive.org/web/20180802172213/https://www.economist.com/business/2006/05/11/flat-pack-accounting |archive-date=2 August 2018}}</ref>

In March 2010, ''[[Forbes]]'' magazine estimated Kamprad's fortune at US$23&nbsp;billion, making him the eleventh [[richest person in the world]]. A year later, he fell to 162nd after his lawyers produced documents proving that the foundation he established and heads in [[Liechtenstein]] owns IKEA, and that its bylaws bar him and his family from benefiting from its funds.<ref name=Forbes /> In June 2015, Kamprad was listed as the eighth wealthiest person in the world in the Bloomberg Billionaires Index, with an estimated net worth of $58.7&nbsp;billion. Forbes reported Kamprad's net worth as of March 2015 to be $3.5&nbsp;billion.<ref name=Forbes>{{cite magazine |title=Ingvar Kamprad |access-date=17 April 2022 |url=https://www.forbes.com/profile/ingvar-kamprad/ |magazine=Forbes}}</ref>