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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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