Ingvar Kamprad, the founder of global furniture empire Ikea, has passed away at the age of 91.

His death was announced in a statement by the company, who confirmed he died at his home in Småland.

“The founder of IKEA and Ikano, and one of the greatest entrepreneurs of the 20th century, Ingvar Kamprad, has peacefully passed away, at his home in Småland, Sweden, on the 27th of January,” the company said in a statement.

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Kamprad was also known for his frugality, which he claims helped take the company to the top.

It’s in the nature of Småland to be thrifty,” he said in documentary released in 2016, referring to Sweden’s southern agricultural region where he was born.

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