IKEA FOUNDER NOW WORLD'S RICHEST

STOCKHOLM: Ingvar Kamprad, the Swede who founded furniture retail chain Ikea, has overtaken Microsoft's Bill Gates as the world's richest man, Swedish media said yesterday.
Public service SVT2 television said Kamprad, 77 has a personal fortune of 400 billion crowns (RM201.5 billion).
Gates has US$47 billion (RM178.5 billion), according to the latest list of the world's rich in US FORBES magazine.
Kamprad, known for frugal habits such as flying economy class, lives in Switzerland and no longer takes part in the daily running of Ikea, but has kept ownership of the chain with more than 180 stores in over 30 countires in the family.
SVT2 said the dolar's slide agaisnt other currencies is the main reason why Kamprad is number one. - Reuters