00:00This may have seemed like a sudden move, but in reality, it was the culmination of a plan that
00:05he had been working on for years. In 1980, he had established a foundation that oversaw his
00:11personal investments and donated a portion of his profits to charity. But with his exit from
00:16the company, he transferred the remaining shares to the foundation, which meant that his family
00:21would no longer benefit financially from his success. Instead, the money would go towards
00:26supporting various causes around the world. Even though he stepped down from the day-to-day
00:31operations, Ingvar remained passionate about the business, and he continued to work on improving
00:36the customer experience. In 2010, he developed a concept that allowed customers to design their
00:42own kitchens online and then view them in a 3D model of their home. This innovation once again
00:48showed his dedication to improving the shopping experience. Unfortunately, Ingvar passed away in
00:532018, but his legacy continues to live on through the company that he founded.
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