04/22/2008 05:12 am ET | Updated May 25, 2011

Tight-fisted Ikea Billionaire Drives 15-Year-Old Volvo, Assembles Own Furniture

In his faded coat, tinted prescription glasses and scuffed shoes, he looks like just another pensioner scraping by on a tight budget.

But the man pictured here is Ingvar Kamprad, the reclusive Swedish founder of Ikea. And he is worth £15.7billion.

That makes him the world's seventh richest man, but the 81-year-old admits he is still "a bit tight" with money.

He takes easyJet flights, drives himself around in a 15-year-old Volvo, and has furnished his modest house almost entirely with Ikea items - which he assembled himself.

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