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  • Gates loses No. 1 spot in net worth

    04/04/2004 12:42:06 PM PDT · by yonif · 53 replies · 325+ views
    CNN Money ^ | April 4, 2004 | Reuters
    <p>STOCKHOLM, (Reuters) - 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 on Sunday.</p> <p>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).</p>