Ben Gilbert: evaluation

Transcript context

…That’s also part of this story here. He finagles. I don’t think his grandmother or his parents were helping him with this. So he uses that to import 500 fountain pens from Paris. Then I think they sell quickly. He repays back the the loan pretty quickly. That listeners is the only capital that ever goes into IKEA. That is the only money that Ingvar would ever raise. 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.…

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