Billionaire Ikea founder says he saves money by buying used clothing

Billionaire Ikea Founder Says He Saves Money By Buying Used Clothing
Billionaire Ikea Founder Says He Saves Money By Buying Used Clothing

Ingvar Kamprad, the founder of Ikea, is by some estimates worth roughly $40 billion, but when it comes to some day-to-day necessities, he likes tokeep his budget tight.

In a documentary aired on Swedish channel TV4 recently, Kamprad reveals he buys his clothes at flea markets.

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According to AFP, in the film he comments, "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."

The high style, low price visionary also notes, "Normally, I try to get my haircut when I'm in a developing country. Last time it was in Vietnam."

Kamprad credits his frugality to his upbringing in Smaland, Sweden, a place where being thrifty is deeply embedded in the culture.

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