#11 Top 20 Billionaires in the World

Ingvar Kamprad and Family

Net Worth: $23 billion

Source: Ikea

Residence: Sweden

• Ikea's reputation under fire. In Russia company fired two top managers for allowing bribes to a power supplier. In France firm is facing an extended workers' strike.

• A former managing director has published a book exposing questionable ethics.

• Even Kamprad's frugal image is being questioned, as details of a fancier life (he reportedly drives a Porsche) emerge.

• Still, no one can question his success: peddled matches, fish, pens, Christmas cards and other items by bicycle as a teenager. Started selling furniture in 1947.

• Opened first Ikea store more than 50 years ago; chain's name is a combination of initials of his first and last name, his family farm and the nearest village.

• Retired in 1986; company's "senior advisor" still reportedly works tirelessly on his brand.

• Discount retailer now sells 9,500 items in 37 countries; prints catalog in 27 languages.

• Fiscal 2009 sales: $31 billion.

• Plans to open 15 stores in 2010, including one in Shenyang, China.

Source: http://finance.yahoo.com/career-work/article/109029/worlds-billionaires-2010

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