Mr Kamprad was born on March 30, 1926 on a family farm in Pjätteryd (now part of Älmhult Municipality) in Smaland, Sweden.
SUNRISE host Samantha Armytage has laughed at IKEA founder Ingvar Kamprad's death, awkwardly joking about flat-packed furniture before calling it a "lovely story".
"Ingmar Kamprad died in calm at home" in sourn Sweden, announced on Twitter Ikea, an empire that now employs 190,000 people in various parts of world and generates a turnover of 36.3 billion euros. "He worked until the..."
Kamprad also wrote openly about his struggles with alcoholism over his lifetime.
The same year he also stepped down from the board of a key company within the business that owns the brand and directs strategy.
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He soon diversified his portfolio, adding seeds, Christmas tree decorations, pencils and ball-point pens to his sales list.
Ikea said at the time that it complies with all tax rules, and would cooperate with regulators. Kamprad flirted with fascism in his youth and attended meetings of a Nazi group led by Swedish right-wing activist Per Engdahl in the years immediately after World War II.
He got the idea when he watched an employee taking the legs off a table to fit it into a customer's auto and realized that it could be developed to save money on transport, storage and sales space.
Kamprad was just 17 when he founded Ikea.
Two years later Kamprad opened Ikea's first store in Almhult, south of his hometown.
The retailer hopes to generate $62 billion in annual revenues by 2020, according to Reuters.
Almost two decades later, a book by Swedish journalist Elisabeth Asbrink extended the claims, linking Kamprad to a group that succeeded the country's swastika-flying National Socialist Workers Party.