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He is known for purchasing Christmas paper and presents in post-Christmas sales. When Kamprad was 17 his father gave him a cash reward for succeeding in his studies. Kamprad retains little ownership in the company having transferred his interest to Stichting INGKA Foundation and INGKA Holding as part of a complex tax Ingvar Kampradltering scheme that leaves his actual degree of control vague.
He is the founder of IKEA a retail company.