Ingvar Kamprad, Ikea's Swedish Billionaire Founder, Dies at 91

Ingvar Kamprad, whose boyhood business of selling pencils and seeds from his bicycle in Sweden eventually grew into the Ikea furniture chain, has died. He was 91.

“One of the greatest entrepreneurs of the 20th century, Ingvar Kamprad, has peacefully passed away at his home in Smaland, Sweden, on Jan. 27," Ikea said in an emailed statement on Sunday. The founder of Ikea, as well as a bank for its customers, Ikano, “was “surrounded by his loved ones,” and died “following a short illness."