How IKEA founder Ingvar Kamprad became one of the richest self-made billionaires

Swedish business magnate Ingvar Kamprad has been at the helm of IKEA, one of the world's largest furniture stores and most beloved brands, for more than 70 years.With a net worth of $48.1 billion, he's now one of the world's richest self-made billionaires.Kamprad remains boldly innovative, inherently simplistic, and incredibly wealthy.From humble beginnings selling holiday tchotchkes to his neighbors as a child, here's how Kamprad started a privately held $11.8 billion furniture revolution and became a billionaire.SEE ALSO:The 25 richest self-made billionairesSEE ALSO:Ikea's Strategy For Becoming The World's Most Successful RetailerKamprad was born in the south of Sweden in 1926 and by the age of five began selling matches for profit. At 10, he rode his bike around the neighborhood to sell Christmas decorations, fish, and pencils.Source: Business Insider, Sweden.seIn his teens, Kamprad became involved in a Nazi youth movement by the influence of his German grandmother who was "a great admirer of Hitler." He later described that time as "the greatest mistake of my life," and even penned a letter to his employees asking their forgiveness.Source: Telegraph, FortuneWhen Kamprad was 17, his dad gave him a cash reward for making good grades in school despite his dyslexia. He used the money to found IKEA in 1943. Kamprad didn't introduce furniture until five years in; he'd started by selling small household items, like picture frames.Source: Business InsiderSee the rest of the story at Business Insider NOW WATCH: What Adderall is actually doing to your body
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