IKEA IKEA IKEA (, ) is a Swedish-founded multinational group that designs and sells , kitchen appliances and home accessories, among other useful goods and occasionally home services. It has been the world's largest furniture retailer since at least 2008. It was founded in Sweden in 1943 by 17-year-old carpenter, Ingvar Kamprad, who was listed by "Forbes" in 2015 as one of the ten richest people in the world, worth more than $40 billion. The company's name is an acronym that consists of the initials of Ingvar Kamprad (name of founder), Elmtaryd (the farm where he grew up), and Agunnaryd (his
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