Stefan Persson (magnate)

Stefan Persson
Stefan Persson in 2010
Born 4 October 1947 (1947-10-04) (age 71)
Stockholm, Sweden
Residence Stockholm, Sweden
Nationality Swedish
Education University of Stockholm
Occupation Business magnate
Known for Chairman of H&M
Net worth US$18.9 billion (June 2017)[1]
Spouse(s) Carolyn Denise Persson
Children Karl-Johan Persson
Charlotte Söderström
Tom Persson
Parent(s) Erling Persson
Margrit Persson
Relatives Lottie Tham (sister)

Carl Stefan Erling Persson (Swedish: [ˈsteːfan ˈpæːʂɔn]; 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 80.[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.

According to the Bloomberg Billionaires Index, Persson had a net worth of US $31.9 billion in 2014, making him the 17th 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 the University of Stockholm.

Personal life

Persson is a founder of the Mentor Foundation, a nonprofit 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.

References

  1. ↑ "The World's Billionaires". Forbes. Retrieved 26 June 2015.
  2. 1 2 3 4 5 Forbes Billionaires Sweden 2013
  3. ↑ Forbes The World's Billionaires
  4. ↑ "Stefan Persson". Forbes. Retrieved 2017-12-26.
  5. 1 2 "Stefan Persson". Nationalencyklopedin (in Swedish). Retrieved 25 September 2010. (subscription required)
  6. ↑ "Bloomberg Billionaires Index". Bloomberg LP. Archived from the original on 14 December 2012. Retrieved 3 March 2014.
  7. ↑ Iwanowski, Frank (June 7, 2014), Stefan Persson Net Worth, Celebrity

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