STOCKHOLM: Ikea founder Ingvar Kamprad has died aged 91, the company said Sunday, leaving behind a global business empire built on revolutionary flat-pack furniture but under investigation over its tax practises in the Netherlands.
The company said in a statement that Kamprad "passed away peacefully surrounded by his loved ones" at his home in the southern Swedish region of Smaland on Saturday "following a brief illness".
"Ingvar Kamprad was a unique entrepreneur who has meant a lot for Swedish business and who has made home furnishing available for many people, not just the few," Swedish Prime Minister Stefan Lofven told TT news agency.
Born in 1926 to a farming family in Smaland, Kamprad, whose 2017 fortune was estimated at 37.3 billion euros (around $46 billion) according to the Swiss economic magazine Bilan, founded the company at the age of 17.
Despite his enormous success and wealth, Kamprad's modest spending habits bordered on the obsessive. In 1973 he fled Sweden´s higher tax structure for Denmark before seeking even lower taxes in Switzerland.
Veteran cricket journalist Sharda Ugra said the sport is used as a vehicle for a muscular nationalism
The UAE saw record rainfall with 254 mm falling in less than 24 hours in Al Ain, a city on the UAE-Oman border
Prime Minister Anthony Albanese singled Guerot out for praise on Tuesday
The bill passed a vote in Britain’s parliament with 383 in favour and 67 against
The Supreme Court has previously refused to accept two formal apologies from Ramdev and his firm’s co-founder...
