Ingvar Kamprad According to an article in the Swedish business weekly "Veckans Affärer" in 2004, Kamprad was one of the world's wealthiest people. This report was based on the assumption that he owned the entire company, an approach both IKEA and the Kamprad family rejected. Kamprad retained little direct ownership in the company, having transferred his interest to Stichting INGKA Foundation and INGKA Holding as part of a complex tax sheltering scheme that leaves his actual degree of control vague. In March 2010, "Forbes" magazine estimated Kamprad's fortune at US$23 billion, making him the eleventh richest person in the world. A year
International Home Foods International Home Foods International Home Foods was an American manufacturer, distributor and marketer of food products, based in Papsippany, New Jersey. It was acquired in June 2000 by ConAgra Foods in a $2.9 Billion dollar deal. Its best known brands were Chef Boyardee pasta products, PAM cooking spray, Bumble Bee Seafood, and Gulden's mustard. International Home Foods was formed in November 1996 when American Home Products spun off its food business, which was acquired by Hicks, Muse, Tate & Furst and C. Dean Metropoulos & Co. The latter paid $1.2 Billion to acquire 80% of International Home Foods, and grew