Stefan Persson (magnate)

Carl Stefan Erling Persson (Swedish: [ˈstěːfan ˈpæ̌ːʂɔn]; born 4 October 1947) is a Swedish business magnate. In March 2013, Forbes reported Persson's net worth as $28 billion[2] making him the richest of Sweden's 12 billionaires[2] and the 17th richest person in the world;[3] he has since dropped to number 50.[4] Persson is the chairman and main shareholder in fashion company H&M, which was founded by his father Erling Persson in 1947.[5] Persson took over the company from his father in 1982 and served as its manager until 1998. Persson also owns a substantial stake in the Swedish technology company Hexagon AB. Through his privately held real estate company Ramsbury Invest, Persson owns a large number of properties in London, Paris and Stockholm.

Stefan Persson
Persson in 2010
Born4 October 1947 (1947-10-04) (age 72)
Stockholm, Sweden
NationalitySwedish
EducationStockholm University
OccupationBusiness magnate
Known forChairman of H&M
Net worthUS$18.5 billion (October 2019)[1]
Spouse(s)Carolyn Denise Persson
ChildrenKarl-Johan Persson
Charlotte Söderström
Tom Persson
Parent(s)Erling Persson
Margrit Persson
RelativesLottie Tham (sister)

According to the Forbes Billionaires List Persson had a net worth of US $18.5 billion in 2019, making him the 58th richest person in the world at the time.[6]

Early life

Stefan Persson is the son of Erling Persson, who founded H&M in 1947.[5] He attended Stockholm University.

Personal life

Persson is a founder of the Mentor Foundation, a non-profit organisation that aims to combat substance abuse among young people.[2] He is a supporter of Djurgårdens IF and is co-funding a foundation for the club.[7] Persson enjoys downhill skiing, tennis and golf. He owns properties in London, Paris and Stockholm and, in 2009, acquired the 21-cottage village of Linkenholt in Hampshire, England.[2]

Persson lives in Stockholm, Sweden, with his second wife, Carolyn Denise Persson. They have three children. In 2009, his son, Karl-Johan Persson, took over as president and chief executive of H&M.[2] Their other two children, Tom Persson and Charlotte Söderström are also billionaires.

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References
  1. "The World's Billionaires". Forbes. Retrieved 26 June 2015.
  2. Forbes Billionaires Sweden 2013
  3. Forbes The World's Billionaires
  4. "Stefan Persson". Forbes. Retrieved 26 December 2017.
  5. "Stefan Persson". Nationalencyklopedin (in Swedish). Retrieved 25 September 2010. (subscription required)
  6. "Forbes Billionaires List". Forbes. Retrieved 10 October 2019.
  7. Iwanowski, Frank (7 June 2014), Stefan Persson Net Worth, Celebrity
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