Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
18 Nov 2024 Acquired IKEA
“Nothing. They own (I think) all of their real estate today, they own all this. I’m sure they probably use construction financing today, but they have €25 billion in the bank.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 18 Nov 2024
- Publisher
- Acquired
- Episode
- IKEA
Transcript context
…We will flash all the way forward to modern day. Ingvar always owned 100% of IKEA. He built it into the world’s largest furniture store and one of the world’s largest retailers, period, without anybody else owning a single share of the company. No outside financing, no debt financing, nothing. Nothing. They own (I think) all of their real estate today, they own all this. I’m sure they probably use construction financing today, but they have €25 billion in the bank. This is it. This is the background. This is what he comes from. 500 krona loan in 1938, paid back immediately. Only capital that ever goes into the business. Freaking wild. Totally crazy.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.