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  Ikea Founder Denies Being Richest Man
Time: 12:28 EST/17:28 GMT | News Source: Associated Press | Posted By: Robert Stein

The founder of Swedish furniture giant Ikea isn't hurting for money, but the company he founded denied on Monday a report that he surpassed Bill Gates and Warren Buffett as the world's wealthiest man.

In an article to be released this week, Swedish news weekly Veckans Affaerer said Ingvar Kamprad, 77, the founder of Ikea, had surpassed Microsoft's Gates and Buffett as the world's wealthiest person. The falling exchange rate between the Swedish krona and the U.S. dollar, the magazine said, had caused Kamprad's personal fortune to rise to an estimated $52.5 billion.

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#1 By 3653 (63.162.177.143) at 4/5/2004 5:06:26 PM
The Ikea founder is just denying it, afraid that he will provoke a rash of open-source furniture makers.

#2 By 9589 (66.57.154.150) at 4/5/2004 5:22:05 PM
Boy, I would be denying it like crazy if I were him. Can you just imagine what Monti "the Python" would do to him if he found out!@!@#! I see an EU "Competitive Office" lawsuit a comin'!

#3 By 135 (208.186.90.168) at 4/6/2004 12:41:37 AM
Yeah, he should be more like them Tyco guys!

#4 By 13030 (198.22.121.120) at 4/6/2004 10:20:49 AM
#6: And that is why he is filthy rich and you are not. The mind of a millionaire (to paraphrase a book title) abhors frivolous and unnecessary spending.

#9: No doubt.

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