The founder of Ikea is reported to have paid Swedish income tax for the first time since he left the country in 1973.
Ingvar Kamprad, 89, was made a billionaire by the flatpack furniture business.
He declared an income of 17.7 million Swedish kronor (£1.3 million) with 1.2 million kronor derived from work, the Dagens Nyheter daily newspaper reported.
It also said that Kamprad paid around 6 million kronor in tax.
Kamprad still serves on the supervisory board of Ikea’s parent company and the family is believed to have some €40 billion in assets. His personal fortune is estimated to be between €3 and €4 billion.
It would seem that his return to his native land is what prompted the payment to the Swedish tax authority. He decamped to Switzerland where he lived for decades, but decided to return following the death of his wife Margaretha in 2011.
From a small beginning in 1943, Ikea has transformed itself by 2008 into the world’s largest furniture retailer.
Despite lingering court actions designed to halt the Swedish giant retailer's plans in Portugal, the Ikea Group started work in August 2015 on its vast commercial project in the Algarve between Loulé and Faro.
There is an unspecific completion date for the Ikea store but it will open sometime in 2016, with a surrounding shopping centre due to be completed a year later.
