X

Ikea's Billionaire Founder Gets Clothes at Flea Markets

Ingvar Kamprad, 89, is famously frugal
By Kate Seamons,  Newser Staff
Posted Mar 10, 2016 7:46 AM CST

(Newser) – Want to end up a billionaire like Ikea founder Ingvar Kamprad? Consider doing as he does and trade the mall for the ... flea market. In a documentary set to air on Swedish television, the 89-year-old says that's where he shops for clothes, reports the AFP. "I don't think I’m wearing anything that wasn't bought at a flea market. It means that I want to set a good example. It's in the nature of Smaland [the region of Sweden he hails from] to be thrifty."

story continues below

It's hardly the first time Kamprad has made headlines over his penny-pinching ways. A 2013 Daily Express article wrote of him pocketing packets of salt and pepper from his own Ikea cafeterias to bring home, driving a decrepit Volvo, and once initially being denied entry to a gala where he was being honored because he had arrived via bus. In 2010, Forbes noted that he prefers to fly coach. The AFP also has this tidbit: Kamprad tries to get his hair cut when he's in a developing country to save a few bucks. "Last time it was in Vietnam," Kamprad says. But Forbes notes one "exception" to his lack of interest in "the trappings of wealth": a winery in Provence. (Click to read about 13 celebs known to be frugal.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X