Ingvar Kamprad bulk very cheaply from Stockholm, sell them individually at a low price, and still make a good profit. From matches, he expanded to selling fish, Christmas tree decorations, seeds, and later ballpoint pens and pencils. When Kamprad was 17, his father gave him a cash reward for succeeding in his studies. Ingvar attended Göteborgs handelsinstitut, now part of Hvitfeldtska Gymnasiet, from 1943 to 1945. In 1943, when he was 17, Kamprad founded IKEA, selling replicas of his uncle Ernst's kitchen table. In 1948, Kamprad diversified his portfolio, adding furniture. His business was mostly mail order. The acronym IKEA is made
Ingvar Wedervang Ingvar Wedervang Ingvar Brynhjulf Wedervang (21 July 1891 – 4 December 1961) was a Norwegian economist and statistician. He graduated from the University of Oslo with a degree in economics in 1913. During the next nine years, he worked first as a government statistician with Statistics Norway, then for the private company Treschow-Fritzøe, and again for a government agency. In 1922 he moved to Munich and continued his studies. He returned to Statistics Norway in 1923 and received his doctorate in 1925 with a dissertation on the sex proportion at birth and infant mortality. Wedervang became lecturer at the University