“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,” Reuters reports. “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).”
“Gates’s fortune is put at $47 billion, according to the latest list of the world’s rich in U.S. Forbes magazine, SVT2 said. SVT2 said the dollar’s slide against other currencies is the main reason why Kamprad has now overtaken Gates,” Reuters reports.
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For the record, Steve Jobs, CEO of Apple and Pixar sits at #262 on Forbes World’s Richest list with US$2.1 billion.