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miércoles, 15 de diciembre de 2010

Poverty

I good example of a really poor person gone extremely rich is Ingvar Kamprad. He reaches headlines in 2004 for being the owner and founder of IKEA company, which according to Forbes magazine has an estimated fortune of US$33 billion which makes him the 4th richest man in the world. Kamprad was born in the South of Sweden in 1926, he grows at a farm called Elmtaryd. As a young boy (15 years old) he started to develop a business selling matches to his neighbors using his own bicycle. He figures out that he could buy matches in bulk; therefore, there will be cheaper, he also could sell them individually at a lower price and still make a good profit. "From matches he expanded to selling fish, Christmas tree decorations, seeds and later ball-points pens and pencils", according to article: "Born Poor, Drop Out and Got Rich - The Billionaire's Story" by Travis Foster.
When Kamprad was 17, because he succeeded in his studies, his father gave him some money as a reward and he used that cash to establish what has grown to be IKEA corporation. In case your are wondering what IKEA stands for, it came from the initials of his name (I), last name (k), the name of the farm he was brought up (E) and the village where it was located (A). Kamprad continue to expand his business to a variety of goods, including wallets, watches, jewelry and stockings and after he outgrew his ability to call on his customers individually, he converted to a sort of milk delivery business. Although he is a really wealthiest person, he is really humble, according to same Article mention above: "He takes the subway to work, and when he drives, it's an old Volvo".



http://www.poverty.com/

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