Ingvar Kamprad heirs of an entity called the Ikano Group, which holds a substantial minority stake in IKEA estimated at US$1.5 billion. His adopted daughter Annika was planned to receive about $300,000. Kamprad died in his sleep of pneumonia at his home in Småland, Sweden, on 27 January 2018 at the age of 91. According to his will, half of Kamprad's inheritance will go to projects in Norrland, a sparsely populated part of Sweden. Kamprad reportedly wanted to develop Norrland and make it possible for young people to live there. Ingvar Kamprad Feodor Ingvar Kamprad (; 30 March 1926 – 27 January
Ingvar Kamprad development, allowing it to lower its prices by an average of 2–3% over the decade to 2010, while continuing its global expansion. Kamprad explains his social philosophy in his "Testament of a Furniture Dealer": "It is not only for cost reasons that we avoid the luxury hotels. We don't need flashy cars, impressive titles, uniforms or other status symbols. We rely on our strength and our will!" Kamprad owned a villa in Switzerland, a large country estate in Sweden and a vineyard in Provence, France. Kamprad drove a Porsche for several years. Kamprad had named his sons as the sole