Bill Gates has lost the pole

[Druga Runda]

http://news.com.com/2100-1014_3-5184773.html?tag=nefd_top

dunno if this is old news, but sliding dollar finally knocked Bill out from the richest person in the world position.

And a Swede took his place - WTF a socialist Eurocom?


here is the snip...

STOCKHOLM--Ingvar Kamprad, the Swede who founded furniture retail chain IKEA, has overtaken Microsoft's Bill Gates as the world's richest man, Swedish TV news reported Sunday.

Citing next week's edition of the Swedish business weekly Veckans Affarer, public service SVT2 television said Kamprad, 77, has a personal fortune of 400 billion crowns ($53 billion).

Gates's fortune is put at $47 billion, according to the latest list of the world's rich in Forbes magazine, SVT2 said.

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 company in the family with more than 180 stores in more than 30 countries.

SVT2 said the dollar's slide against other currencies is the main reason why Kamprad has now overtaken Gates.

 

[rabidrabbit]

Did you know IKEA are entering the console business, they are launching a competitor to GameBoy and PSP. It will be called 'Spelman'

 

[Barnabas]

And a Swede took his place - WTF a socialist Eurocom?

Most likely due to the bad exchange rate of the dollar compared to the euro. But at least we can pin the blame for that on Bush.

 

[K.I.L.E.R]

That's what the Dems will do anyway.

I'm sure everything bad that has ever occured is the fault of Bush.

 

[digitalwanderer]

I'm sure everything bad that has ever occured is the fault of Bush.

No, just most of it lately. 8)

 

[Humus]

Well, first of all, it's questionable whether you could call Kamprad a swede since he lives in Switzerland since many years. Yes, he did that to escape the high tax society. Secondly, Kamprad doesn't own Ikea, so you can't count that way. Exactly how you should count is anyone's guess since there's little insight into the foundation that own Ikea.

http://edition.cnn.com/2004/BUSINESS/04/05/ikea.richlist.ap/index.html

 

[Ty]

And in fact, I believe he and his company has denied that he is actually worth that much.