Peter Kamprad
Source of wealth: IKEA
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The scale of their wealth
Health
The price of life
Let's compare Peter Kamprad's fortune with the healthcare spending of a massive country
Peter Kamprad could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.5 years.
But even if we compare their fortune with that of a rich country
On the other end, Peter Kamprad could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Peter Kamprad could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.4 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Peter Kamprad could pay for it entirely for 0.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Peter Kamprad could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 2.0 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Peter Kamprad with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.0 years.
Gold
Everyday luxuries
Peter Kamprad's fortune is equivalent to 8 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Peter Kamprad could buy 2,196,888 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 0 trucks to transport them. Although Peter Kamprad will almost certainly have enough money left over to pay for the gas.
Biography
Ingvar Kamprad, who died in 2018, transferred the bulk of his Ikea empire to foundations in the 80's, but kept enough to make his sons billionaires.
Peter and his brothers own Ikano Group, which was created to manage Ikea's real estate and financial service businesses, but was spun out in 1988.
Today Ikano Group is a $2.1 billion (sales) company with interests in banking, real estate and Asian shopping centers.
Peter, the eldest brother, ran Ikea's Belgian operations for 12 years; he now chairs the Ikano Group.
Early in his career, Peter worked three years at a different Swedish retail giant, fast-fashion company H&M.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison