Stefan Persson Net Worth

Net Worth:	$14 Billion
Date of Birth:	October 4, 1947 (77 years old)
Gender:	Male
Profession:	Businessperson, Business magnate
Nationality:	Sweden

What is Stefan Persson’s Net Worth?

Stefan Persson is a Swedish entrepreneur who has a net worth of $14 billion. Stefan Persson is the wealthiest person in Sweden. When it comes to overall wealth, Stefan has occasionally been among the top 15 persons on the planet.

As the Hennes & Mauritz (H&M) fashion empire’s heir, Persson made his wealth. Hennes & Mauritz is the second-largest private label clothes store in the world as of the time of this writing, and Stefan Persson owns 53% of it.

A year’s worth of revenue for H&M is roughly $24 billion. His father established H&M in 1947, and he previously served as its CEO before becoming chairman.

In addition to his other activities, Persson also controls a privately held real estate company by the name of Ramsbury Invest and holds a sizeable investment in the technology firm Hexagon AB.

Stefan has land holdings totaling 19,000 acres in Wiltshire, England, through Ramsbury.

Childhood

Stefan Persson was born Carl Stefan Erling Persson on October 4, 1947, in Stockholm, Sweden. Erling, who founded the clothing store H&M the same year his son was born, was his father, and Margrit was his mother. Sister Lottie is his name.

Persson attended Stockholm University for his graduate studies, graduating with an associate degree.

Career In H&M

Persson succeeded his father as CEO of H&M in 1982. He held that role up until 1998 when he was promoted to chairman of the corporation. Persson’s eldest son Karl-Johan succeeded him as chairman in May 2020.

He still holds a 36% stake in H&M, making him the company’s largest stakeholder. H&M is one of the biggest global clothing retailers, operating more than 4,700 locations across more than 70 different regions.

It began offering home furnishings in 2008 in addition to men’s, women’s, and children’s apparel.

The business also manages the H&M Foundation, a nonprofit organization founded in 2014 to provide funding for initiatives supporting humanitarian and environmental concerns in the fashion sector. Since the Foundation’s founding, Persson and his family have given it over $100 million.

Career

In addition to his previous commercial ventures, Persson holds sizable ownership in the 1992-founded Hexagon AB, a leading global provider of information technology.

With its headquarters in Stockholm, Sweden, the business has acquired more than 170 businesses throughout the years, including Brown & Sharpe, Leica Geosystems, Intergraph, Vero Software, Luciad, and Infor.

In addition, Persson is the owner of multiple properties in Stockholm, London, and Paris through his privately held real estate business, Ramsbury Invest. For almost £25 million, he bought the English village of Linkenholt in 2009.

Persson co-founded the Mentor Foundation, an organization that attempts to prevent youth substance misuse, as part of his charitable endeavors. Additionally, he made financial contributions to the foundation established by the Swedish soccer team Djurgrdens IF.

Relationship

Persson has three children from his first marriage to Pamela Collett: Karl-Johan, Charlotte, and Tom, who are all wealthy businesspeople as well. After serving as H&M’s CEO from 2009 to 2020, Karl-Johan was appointed chairman of the board.

Tom is a film producer, while Charlotte operates a stud farm and manages H&M sponsorships. Persson lives in Stockholm, Sweden, with his second wife, Denise Florman.

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