Stefan Persson

Who is Stefan Persson?

Carl Stefan Erling Persson is a Swedish business magnate. In March 2013, Forbes reported Persson's net worth as $28 billion making him the richest of Sweden's 12 billionaires and the 17th richest person in the world. Persson is the chairman and main shareholder in fashion company H&M, which was founded by his father Erling Persson in 1947. 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. Persson owns through his privately held real estate company Ramsbury Invest a large amount of properties in London, Paris and Stockholm.

In 2014 according to the Bloomberg Billionaires Index, Persson had a net worth US $31.9 billion, making him the 17th richest person in the world.