Stefan Persson Net Worth: $19 Billion
Summary Table
| Category | Details |
|---|---|
| Net Worth | $19 Billion |
| Birthdate | October 4, 1947 (76 years old) |
| Birthplace | Stockholm |
| Gender | Male |
| Profession | Businessperson, Business magnate |
| Nationality | Sweden |
Introduction
Stefan Persson is a Swedish business magnate who has a net worth of $19 billion. Known as the richest person in Sweden, Persson has been among the top 15 richest people in the world at various times. He earned his fortune as the heir to the Hennes & Mauritz (H&M) fashion empire, holding a 53% stake in the company. H&M is the second-largest private label apparel retailer globally, generating around $24 billion in annual revenue. Persson has also held positions as CEO and chairman of H&M. Beyond H&M, he owns a substantial stake in Hexagon AB and runs Ramsbury Invest, a real estate company.
What is Stefan Persson’s Net Worth?
Stefan Persson’s net worth is estimated at $19 billion. His wealth primarily comes from his significant stake in H&M, alongside investments in other businesses and real estate.
Early Life and Education
Stefan Persson, born Carl Stefan Erling Persson on October 4, 1947, in Stockholm, Sweden, is the son of Erling and Margrit Persson. His father founded H&M the same year Stefan was born. Persson has a sister named Lottie. He attended Stockholm University, where he obtained an associate qualification.
H&M
Company Overview
H&M, one of the world’s largest international clothing retailers, operates in over 70 markets with more than 4,700 stores. The company sells clothing for men, women, and children, and began offering home furnishings in 2008. The H&M Foundation, established in 2014, funds projects supporting humanitarian and environmental causes within the fashion industry. The Persson family has donated over $100 million to the foundation.
Stefan’s Role
Stefan Persson took over as CEO of H&M from his father in 1982, serving until 1998 when he became chairman. In May 2020, he was succeeded as chairman by his eldest son, Karl-Johan. Persson remains H&M’s largest shareholder with a 36% stake.
Other Business Endeavors
Hexagon AB
Persson owns a significant stake in Hexagon AB, a global information technology company founded in 1992 and headquartered in Stockholm. Hexagon has made over 170 acquisitions, including companies like Brown & Sharpe, Leica Geosystems, and Intergraph.
Ramsbury Invest
Through his privately held real estate company, Ramsbury Invest, Persson owns numerous properties in Stockholm, London, and Paris. In 2009, he acquired the village of Linkenholt in Hampshire, England for around £25 million.
Philanthropy
Stefan Persson co-founded the Mentor Foundation, which works to combat youth substance abuse. He has also contributed to the creation of a foundation for Sweden’s Djurgårdens IF Fotboll club.
Personal Life
Stefan Persson has three children from his first marriage to Pamela Collett: Karl-Johan, Charlotte, and Tom, all of whom are billionaire businesspeople. Karl-Johan served as H&M’s CEO from 2009 to 2020 and is now the company’s chairman. Charlotte runs a stud farm and manages H&M sponsorships, while Tom works as a film producer.
Persson resides in Stockholm with his second wife, Denise Florman.
Stefan Persson’s influence extends beyond his significant wealth. His contributions to H&M and various philanthropic endeavors showcase his impact on the business world and his commitment to societal improvement.
