Entrepreneurs

Ingvar Kamprad Net Worth

Published

2 years ago

Apr 10, 2023

Net Worth:	$42.5 Billion
Born:	March 30, 1926
Died:	January 27, 2018
Country of Origin:	Sweden
Source of Wealth:	Entrepreneur
Last Updated:	Aug 17, 2025

Table of Contents

Introduction

Ingvar Kamprad was a Swedish businessman with an estimated net worth of $42.5 Billion.

Net Worth History

Year	Net Worth
2006	$28 Billion
2007	$33 Billion
2008	$31 Billion
2009	$22 Billion
2010	$23 Billion
2011	$6 Billion
2012	$3 Billion
2013	$3.3 Billion
2014	$4.1 Billion
2015	$3.5 Billion

Legal Issues & Lawsuits

In 1982, Kamprad established a new ownership structure for his IKEA business. He transferred control of IKEA’s retail group, Ingka Group, to the Dutch-based Stichting INGKA Foundation. He then made the move to minimize tax liabilities and to keep the company out of the hands of potential buyers. However, despite his intention to create stability for IKEA’s future, it instead became the foundation of a major family dispute.

In 2011, Kamprad’s three sons challenged their father’s ongoing right to receive a share of IKEA’s profits. They specifically targeted royalties tied to the intellectual property rights he retained after the 1982 transfer to the INGKA Foundation. The sons then hired an American lawyer to contest the payments. They disputed whether Kamprad should continue to benefit personally from IKEA’s success or if the income should be redirected to the family or the foundation.

The conflict lasted until 2012, and although it never reached the courts, it caused significant strain among family members, especially between Kamprad and his eldest son. During that same year, Kamprad agreed to transfer between €2.3 billion ($2.7 billion) and €3.5 billion ($4.12 billion) to his sons as part of the settlement. In 2013, Kamprad formally retired from all of IKEA’s company boards, marking the end of his direct involvement in IKEA’s leadership.

IKEA Tax Planning

IKEA has long used an elaborate tax structure to reduce its global tax liabilities, reportedly saving the company an estimated €1 billion ($1.2 billion) between 2009 and 2014. IKEA employs a franchise model, whereby different companies own individual stores, but all follow IKEA’s guidelines and pay a fee to utilize the brand.

Each store gives 3% of its sales to Inter IKEA, the leading company that owns the IKEA brand. In return for this fee, stores get the right to use the IKEA name and logo, access to IKEA’s furniture designs and product ideas, and help with store operations. This system enables each store to operate independently, backed by the support and reputation of IKEA. This way, Inter IKEA remains in charge of the brand and generates revenue from all IKEA stores worldwide.

Over the years, hundreds of millions of euros in profits have been transferred from the Netherlands to IKEA-related companies in Luxembourg. It’s in this country that specific corporate organizations can pay an annual subscription tax as low as 0.06%. Dividends from the companies were then transferred to the Interogo Foundation in Liechtenstein. They were exempt from tax because Liechtenstein law states that dividends received by foundations from foreign-owned companies are tax-free.

Although legal on paper, it raised red flags in Brussels, the European Union’s headquarters. Therefore, in December 2017, the European Commission launched an investigation into the tax arrangements between the Netherlands and Inter IKEA. They looked into whether IKEA had avoided paying taxes through a special deal with the Dutch government. The investigation continues to this day and remains unresolved, although the European Union is expected to demand repayment of millions in back taxes.

Personal Tax Planning

Kamprad was known as the frugal billionaire, and he was as strategic with his tax as he was with his furniture empire. He carefully planned his finances to avoid Sweden’s famously high taxes. In 1973, he relocated to Switzerland to legally avoid Sweden’s high tax rates. He chose Switzerland because it had a lump-sum taxation system. The tax system was not based on income or wealth but rather on a negotiated amount or a minimal taxable base. Due to this system, Switzerland became a popular place for the ultra-wealthy to reside, with Kempard living there for almost 40 years.

In 2014, following his wife’s death, he finally returned to Sweden after it abolished the wealth tax. That same year, he declared an income of approximately €1.9 million ($2.2 million) and paid roughly €640,000 ($753,000) in Swedish taxes, which was his first Swedish tax payment in over four decades.

Real Estate

Switzerland Home

Kamprad’s personal real estate choices demonstrated his modesty, practicality, and strong connection to his Swedish roots. From 1976 to 2014, Kamprad lived in Épalinges, near Lausanne, Switzerland. His home was a single-story ranch-style villa with views over Lake Geneva.

Although it was in a prime location, the house itself was simple and understated. After returning to Sweden in 2014, the property was listed for sale for around $4.6 million but didn’t sell due to its outdated condition and was therefore marked for demolition.

French Vineyard

In 1992, Kamprad made his most significant real estate investment outside Sweden and Switzerland by purchasing the Domaine de la Navicelle vineyard in Pradet, Provence, France. Although there is no publicly available information about the exact price Kamprad paid for the vineyard in 1992, similar properties in the region are often valued in the low millions of euros, depending on their size, production capabilities, and facilities.

The estate spans approximately 21 hectares, and the wine produced was originally a private family product, not available for sale to the public. However, after Kamprad’s death, ownership passed to his three sons, and the vineyard now sells bottles of wine online, with prices ranging from €12 to €20 per bottle.

Swedish Farm

Upon his return to Sweden, Kamprad settled once again in Småland, the rural region where he was born and raised. He moved back to Elmtaryd, the family farm near Agunnaryd, which covers approximately 449 hectares (1,110 acres). The estate holds deep historical significance for the Kamprad family and was the original inspiration for IKEA’s name. There are no public records that specify the current value of the Elmtaryd estate.

However, Swedish agricultural land in Southern Sweden, where the land is more valuable than in other regions, typically sells for between €8,000 ($9,400) and €20,000 ($26,200) per hectare. That would suggest a rough land value of €3.6 million ($4.2 million) to €9 million ($10.6 million) before accounting for buildings, farm infrastructure, or heritage value. Kamprad’s real estate investments were straightforward and maintained his connection to his roots, reflecting his values as one of the world’s most influential entrepreneurs.

Philanthropy

Despite being frugal with his money, Kamprad did donate some of his wealth to charities he liked. The majority of Kamprad’s philanthropy was carried out through the Kamprad Family Foundation, which was established in 2011. Kamprad wanted to support projects that made a real difference in people’s lives. The foundation focused on education, scientific research, entrepreneurship, environmental sustainability, and social well-being.

The majority of its work is dedicated to projects that benefit the people and communities of Småland, Sweden, Kamprad’s home region. The foundation also supports national and international initiatives, helping to finance various projects. Some causes include care for older people in rural areas and funding sustainable farming initiatives. Since its launch, the foundation has received over €100 million ($117 million) in donations and currently manages assets of around SEK 6.5 billion (about $681 million). It has supported over 200 projects, with annual grants totaling up to SEK 135 million ($14.4 million).

Entrepreneurs

Rich Paul Net Worth

Published

4 weeks ago

Jul 24, 2025

Dan Western

Net Worth:	$120 Million
Age:	43
Born:	December 16, 1981
Gender:	Male
Height:	1.85 m (6 ft 1 in)
Country of Origin:	United States of America
Source of Wealth:	Sports Agent
Last Updated:	Aug 17, 2025

Table of Contents

Introduction

Rich Paul is an American professional sports agent with an estimated net worth of $120 Million.

As the founder and owner of Klutch Sports Group, Rich Paul manages contracts for almost 200 professional athletes across basketball, baseball, football, and soccer. The company manages several billion dollars in contract value at any one time, taking a commission of between 3% and 5% on each negotiated contract.

Klutch Sports Group

In 2012, Rich Paul launched Klutch Sports Group, a sports agency responsible for managing professional athletes and their contract negotiations. When the company was first founded, Klutch Sports focused primarily on the NBA, but gradually expanded into half a dozen sports leagues, including the MLB, MLS, NFL, and WNBA. They were initially headquartered in Cleveland, Ohio, but later established their headquarters in Beverly Hills, California. Based on the most recent information available, Klutch Sports now has locations in Atlanta, Cleveland, Nashville, New York, and Los Angeles.

Expansion by Acquisition

Although Rich Paul initially focused on the NBA, the company’s growth allowed him to expand into other sports. Instead of entering new leagues from the ground up, Klutch Sports focused on acquiring notable agencies that held a larger number of clients from a particular sport. Unfortunately, none of the financial details from each of the company’s acquisitions has been publicly disclosed, but here’s what we do know:

2020 – Tidal Sports Group (MLB)
2020 – Revolution Sports Agency (NFL)
2023 – Elite Athlete Management (NFL)
2023 – Rep 1 Baseball Agency (MLB)
2024 – ROOF (European soccer)

With all of these acquisitions, Klutch Sports was able to bring in all of the companies’ former clients. For the MLB agencies, Tidal Sports Group and Rep 1 Baseball, Klutch Sports added clients such as Alex Bregman, Marcus Stroman, Rafael Devers, and Devin Williams.

As for the two NFL agencies, Revolution Sports and Elite Athlete Management, the acquisitions added a substantial number of successful players to the Klutch Sports roster. This included:

While these clients were acquired through acquisitions, it’s essential to note the existing NBA client list that Klutch Sports has built since 2012. This list includes heavy hitters such as:

Contract Value & Commission

It’s challenging to evaluate just how much money Klutch Sports holds under management, as this would include the combined value from every active contract of all its clients. This is not just limited to team contracts, but also brand endorsement deals. In 2021, TIME magazine listed Klutch Sports among the top 100 most influential companies of the year, reporting over $1.8 billion in contracts under management for clients in the NBA and NFL.

The maximum commission that a sports agent can command from a player’s contract agreement is 4% in the NBA and WNBA. However, for the NFL, the percentage is capped at 3%, and in the MLB, the maximum is 5%. These caps are not expanded to brand endorsements, and agencies typically take a cut of between 10% and 20% for such deals.

Klutch Sports typically sticks to the maximum percentage cap; thus, if their client signs a $100 million contract, the agency can earn up to $40 million (NBA), $50 million (MLB), and $30 million (NFL).

Notable Contract Commissions

As of 2025, Klutch Sports reportedly has nearly 200 professional athletes under management across four separate sports, meaning that a 3-5% commission, even for lower-value contracts, can quickly accumulate. Some of Paul’s most notable negotiations, of course, include his experience managing LeBron, securing multiple agreements valued at over $400 million. At a 4% commission, assuming LeBron earned the full value of the deal, the agency would have earned $16 million.

When Anthony Davis signed a three-year, $186 million contract with the Los Angeles Lakers, Klutch Sports potentially earned $7.4 million in commission.

Other notable deals include:

Fred VanVleet – $130 million (estimated $5.2 million commission)
Draymond Green – $100 million (estimated $4 million commission)
Jerami Grant – $160 million (estimated $6.4 million commission)

Real Estate

Paul owns a beautiful home in Los Angeles, which he purchased for $4.35 million. It’s a traditional home, featuring six bedrooms and five and a half bathrooms.

Entrepreneurs

Joel Glazer Net Worth

Published

4 weeks ago

Jul 20, 2025

John Mulder

Net Worth:	$1 Billion
Age:	58
Born:	March 31, 1967
Gender:	Male
Height:	1.73 m (5 ft 8 in)
Country of Origin:	United States of America
Source of Wealth:	Entrepreneur
Last Updated:	Aug 17, 2025

Table of Contents

Introduction

Joel Glazer is an American businessman and part of the Glazer family with an estimated net worth of $1 Billion.

The family controls First Allied Corporation and the Zapata Corporation, as well as the Tampa Bay Buccaneers of the NFL and England’s Manchester United Football Club. Glazer was born in Rochester, New York.

Quick Facts

Estimated 16.7% stake in Tampa Bay Buccaneers valued at $900 million
Acquired 68% of Manchester United for £800 million in 2005
Remaining 47% stake in the club is valued at over $1 billion

Tampa Bay Buccaneers Acquisition

In January 1995, Joel’s father, Malcolm, secured an agreement to purchase the NFL’s Tampa Bay Buccaneers after the former owner, Hugh Culverhouse, had passed away in August of the prior year. As it turns out, Malcolm had been desperate to own an NFL team, and in 1993, had put in a bid to bring an NFL team to Baltimore. Back then, the Ravens didn’t exist, but unfortunately, Malcolm’s bid was rejected.

Finally, he was able to acquire the Buccaneers for approximately $192 million and placed both of his sons, Joel and Edward, in leadership positions. Joel was 28 years old at the time.

Thirty years later, and here we are; the franchise remains in the hands of the Glazer family, with ownership split among the six siblings. The exact split has never been confirmed, but just assuming it’s an even split, Joel would own roughly 16.7%. In August 2024, Forbes valued the team at $5.4 billion, which is a whopping $5.2 billion more than their father paid. Assuming Joel has always held a 16.7% stake, in 1995, it would have been worth roughly $32.06 million, and by 2024, it had grown to $901.8 million.

Manchester United Acquisition

In May 2005, Joel Glazer and his family negotiated a deal to acquire 68% of the English Premier League soccer club, Manchester United. The acquisition, made through their company Red Football Ltd, was worth a reported £800 million (approximately $1.46 billion at the time). This would have placed the club’s valuation at roughly £1.18 billion ($2.15 billion).

The purchase initially put Manchester United under a heavy financial burden, as much of the £800 million was secured by borrowing against the club’s assets. It has been reported that this led to the club holding significant debts, owing £60 million per year in interest payments alone.

Although Manchester United is no longer a dominant force in the English Premier League, they were the league’s strongest club for seven years following the investment. In five of those years, they won the league, finishing second in the other two. As a result, the club’s value has increased significantly over the past two decades.

In December 2023, INEOS, led by billionaire Jim Ratcliffe, acquired 25% of the club’s A and B class shares at $33 per share. Since then, he’s increased his overall stake to roughly 28.9%.

As of May 2025, Joel Glazer holds a remaining stake of 43%, and the club’s market valuation is approximately $2.4 billion. This would equate to Glazer’s stake being worth an estimated $1.03 billion.

Philanthropy

Glazer supports various charities. His family founded the Glazer Family Foundation, which is dedicated to supporting children in the Tampa Bay area through various charitable initiatives.

Entrepreneurs

Ma Huateng Net Worth

Published

4 weeks ago

Jul 20, 2025

Dan Western

Net Worth:	$31.4 Billion
Age:	52
Born:	October 29, 1971
Gender:	Male
Height:	1.65 m (5 ft 5 in)
Country of Origin:	China
Source of Wealth:	Entrepreneur
Last Updated:	February 15, 2024

Table of Contents

Introduction

Ma Huateng is a Chinese business magnate, engineer, internet and technology, and philanthropist with an estimated net worth of $31.4 Billion.

Huateng is the chairman, founder, and chief executive officer of Tencent, Asia’s most valuable company, and one of the world’s largest Internet and technology companies.

Quick Facts

Holds an 8.7% stake in the Chinese tech company Tencent
Typically earns between $6 million and $8 million in annual compensation
Peak estimated net worth of $65.8 billion in 2021

Net Worth History

Year	Net Worth
2009	$3.5 Billion
2010	$4.4 Billion
2011	$5 Billion
2012	$6.4 Billion
2013	$12.1 Billion
2014	$13.4 Billion
2015	$16.1 Billion
2016	$16.6 Billion
2017	$24.9 Billion
2018	$45.3 Billion
2019	$38.8 Billion
2020	$38.1 Billion
2021	$65.8 Billion
2022	$37.2 Billion
2023	$35.3 Billion
2024	$31.4 Billion
2025	$46.2 Billion

Although almost all of Huateng’s wealth has been generated through his ownership stake in Tencent Holdings, the percentage has gradually been reduced over time. This is primarily due to minor share sell-offs and the addition of new investors. At the time of the company’s founding, Ma Huateng owned 47.5% of the company. Over time, this has been reduced to an estimated 8.7%.

In 2009, Huateng’s net worth was estimated at approximately $3.5 billion. However, in 2012, Tencent’s market cap exploded to over $50 billion thanks to the growth of WeChat, the Chinese equivalent of WhatsApp. As a result, Huateng’s net worth almost doubled throughout the year, from $6.4 billion to $12.1 billion.

Tencent’s valuation continued to increase dramatically over the next several years, reaching $563 billion in 2018, with Huateng’s stake worth an estimated $45.3 billion. In recent years, China has proposed and introduced new, stricter regulations on the gaming industry, which have significantly affected Tencent’s market cap on more than one occasion.

In 2018, Chinese regulators introduced regulations requiring new games to receive approval from authorities before being released. Since 30% of Tencent’s revenues come from the online gaming industry, its valuation took a massive hit, wiping out over $200 billion in just nine months. Huateng’s net worth would have dropped significantly between 2018 and 2019; however, towards the end of the year, the company began recovering at a steady pace.

Tencent reached a new peak market capitalization of $916 billion in 2021, but suffered setbacks again from the Chinese government. The government proposed a new rule to curb the amount of money players can spend on online gaming. Huateng’s net worth went from a peak of $65.8 billion to $37 billion in a single year.

Tencent Compensation

While we don’t have a complete history of Ma Huateng’s annual Tencent compensation, we do have information regarding several recent years. This includes 2020, when he received a total compensation of CNY 58.74 million, equivalent to roughly $8.21 million.

In 2021, reports of his earnings are slightly more transparent, receiving a base salary of CNY 7.33 million ($1.02 million), bonuses of CNY 35.52 million ($4.97 million), plus pension contributions and director bonuses totaling CNY 1.26 million ($176,000). In 2023, Huateng earned a total compensation of CNY 42.92 million ($6 million).

All things considered, it appears that Ma Huateng’s total annual compensation from Tencent typically ranges between $6 million and $8 million per year.

Real Estate

Huateng owns a substantial real estate portfolio in Hong Kong, valued at several hundred million dollars overall. This included the 8,000-square-foot Shek O mansion he purchased for HK$480 million ($61.5 million) in 2009. The last known estimate of the property’s value was reported in 2017, at roughly HK$1.9 billion ($245 million).