Ikea’s billionaire founder was so frugal that he bought clothes from… | HappeningNow.news

Business & Economy · 37 views

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants

As the saying goes, watch the pennies and the pounds look after themselves. But as it turns out, even some of the wealthiest people on the planet follow the money-saving mantra, well after they’ve made it.

Source Summary Published June 25, 2026 Brief Under 1 min brief
Story intelligence
Coverage Single outlet Single-outlet story
Views 37 Community interest
Brief read Under 1 min brief 81 words

Summary

As the saying goes, watch the pennies and the pounds look after themselves. But as it turns out, even some of the wealthiest people on the planet follow the money-saving mantra, well after they’ve made it. IKEA’s billionaire founder, Ingvar Kamprad, took his love for budget furniture home with him—literally. Despite having an estimated $58.7 billion net worth and being one of the richest men alive, the late businessman would buy his clothes at flea markets and drove an old Volvo.

Read original at Fortune

More from Business & Economy

Continue reading recent Business & Economy coverage

Support HappeningNow

Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.

Support HappeningNow

Report an issue with this page