Stefan Persson Net Worth: $23.4 Billion
Carl Stefan Erling Persson, better known as Stefan Persson, was born on October 4, 1947 in Bjurholm, Sweden. His parents are Margit Persson, a housewife, and Erling Persson, founder of H&M (Hennes and Mauritz). He graduated from University of Stockholm where he met his wife, Carolyn Denise Persson. In 1982, Stefan Persson took over the reins of H&M from his father and became the company’s manager until 1998. He became H&M CEO until 2009. Under his reign, H&M grew and became the largest apparel store in Europe, branching out to other countries and exposing its brand to millions of potential customers. He retired from his CEO post and left the company running under the leadership of his son, Karl-Johan Persson, but still retained control of the company by being its chairman. Today, Stefan Persson is ranked number 28 in Forbes 2015 list of The World’s Billionaires, with a net worth of $23.4 billion.
How did Stefan Persson make his money?
Though H&M greatly contributed to the net worth of Stefan Persson, it is not the only venture he has on his plate. He owns a part of Hexagon AB, a technology group with global market coverage headquartered in Sweden. He also owns Ramsbury Invest, a real estate company that manages his prime retail properties in Stockholm, London, and Paris. In 2009, Stefan Persson bought and owned Savernake Estate, a Hampshire village that earns from cottage and farmland rental fees. Through all the intricacies and business negotiations made by Stefan Persson, he has never forgotten to take a break and enjoy leisure time with his family by skiing and playing golf and tennis.