Ingvar Kamprad ongoing for some years." Mathias and his two older brothers, who also have leadership roles at IKEA, work on the corporation's overall vision and long-term strategy. The Dutch-registered Stichting INGKA Foundation is named after Ingvar Kamprad (i.e., ING + KA) which owns INGKA Holding, the parent company for all IKEA stores. In May 2006 the charitable foundation was reported by "The Economist" to be the world's wealthiest charity, however the Bill & Melinda Gates Foundation has since become larger. Despite its large endowment its primary purpose is corporate tax-minimisation and anti-takeover protection for IKEA. Kamprad was chairman of the foundation.
Essential Products valued as a unicorn. On May 25, 2018, the company cancelled its next flagship and was reported to be for sale. In December 2018, Essential acquired CloudMagic, owner of the discontinued mobile email app Newton. An Android smartphone. The Essential Home is a smart speaker and smart home hub running an Essential-designed operating system, named Ambient OS. The device was planned for a launch in late 2017 but has yet to release. Essential Products Essential Products (marketed as Essential) is an American technology company and manufacturer founded on November 9, 2015 by Andy Rubin and based in Palo Alto. The