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IKEA was founded in 1943 by Ingvar Kamprad in Sweden, initially starting as a mail-order business selling small items. The exact cost to create the company isn't publicly detailed, but it began with a modest investment of around 1,000 Swedish kronor (approximately $140 at the time). Over the decades, IKEA has grown into a multi-billion dollar global furniture retailer, but the initial startup cost was relatively low. The brand's success is attributed to innovative design, cost-effective production, and a unique shopping experience.

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