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Billionaire Profile
Peter Kamprad
Global Rank
#2875

Image: Johan Wessman / News Oresund | CC BY 2.0 | via Wikimedia Commons

Peter Kamprad

CEO, IKEA
SWEDEN
Real-Time Net Worth
$1.209B
Estimated based on IKEA stock value as of March 6, 2026
0% (24h)
Age
61
Source
IKEA
Industry
finance-investments
Citizenship
SWEDEN

Biography

Peter Kamprad, born in 1964, is a Swedish businessman and a key figure in the success story of IKEA, the world-renowned furniture retailer founded by his father, Ingvar Kamprad. As one of the heirs to the IKEA empire, Peter has played a significant role in upholding the values and vision that have made the company a global household name. His career is a testament to innovation, sustainability, and social responsibility. Peter pursued higher education in Sweden, studying economics and business administration. He gained experience in various roles within IKEA, contributing to its growth and development. Currently, he chairs the Ikano Group, a company spun out of IKEA that has interests in banking, real estate and Asian shopping centers. Peter has helped ensure IKEA's continued success in the global market, making a significant impact on the business world.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Peter Arras Feodor Kamprad was born on March 29, 1964, in Agunnaryd, Kronobergs län, Sweden. He is the eldest son of Ingvar Kamprad, the founder of IKEA, and Margaretha Stennert. He grew up in Denmark and Switzerland and later pursued higher education in Switzerland, studying economics and business administration.

Rise to Success

Peter Kamprad's career has been closely tied to IKEA. He has worked within the IKEA sphere, holding positions such as finance chief for IKEA in Belgium and Poland. He also worked at H&M for 3 years. Peter has actively contributed to the family business, supporting IKEA's growth. He is currently the chairman of the Ikano Group, which owns various businesses, including a bank and IKEA locations in Asia.

Key Business Strategies

Peter Kamprad's involvement with IKEA has spanned product development, supply chain management, and international expansion. His strategic insights and dedication to innovation have contributed to IKEA's competitive edge in the global market. As chairman of the Ikano Group, Peter continues to use his experience to build and manage businesses.

Philanthropy

Ingvar Kamprad, Peter's father, established the Stichting INGKA Foundation. The foundation's philanthropic goal since 2009 has been to provide opportunities for young people in developing countries. Peter's involvement in maintaining the values of IKEA highlights his commitment to sustainability.

Career Milestones

1980s

Various Roles within IKEA

Gained experience in several roles within IKEA.

1988

Ikano Group Spin-off

Ikano Group was created to manage IKEA's real estate and financial service businesses.

Early career

Worked at H&M

Early in his career, Peter worked three years at H&M.

Present

Chairman of Ikano Group

Peter Kamprad is the chairman of Ikano Group, which has interests in banking, real estate and Asian shopping centers.

Philanthropy & Social Impact

Youth Development

Stichting INGKA Foundation

Undisclosed

The foundation provides opportunities for young people in developing countries.

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