Stefan Persson (magnate)

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Stefan Persson
Stefan Persson.jpg
Stefan Persson in 2010
Born 4 October 1947 (1947-10-04) (age 66)
Stockholm, Sweden
Nationality Swedish
Education University of Stockholm
Occupation Business magnate
Known for Main shareholder of H&M
Net worth Increase US$ 28 billion (2013)[1]
Title Chairman of H&M
Spouse(s) Carolyn Denise Persson
Children 3
Parents Erling Persson
Margrit Persson

Carl Stefan Erling Persson (Swedish: [ˈsteːfan ˈpæʂɔn]; 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] Persson is the chairman and main shareholder in fashion company H&M, which was founded by his father Erling Persson in 1947.[4] 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.

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.[5]

Personal life[edit]

Persson is a founder of the Mentor Foundation, a nonprofit organisation that combats substance abuse among young people.[6] He is a supporter of Djurgårdens IF and is co-funding a foundation for the club.[citation needed] 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.[6]

Persson attended the University of Stockholm and still lives in Stockholm, Sweden with his wife, Carolyn Denise Persson. They have three children and, in 2009, his son, Karl-Johan Persson, took over as president and chief executive of H&M.[1]

References[edit]

  1. ^ a b "Stefan Persson – Forbes". Forbes. March 2012. Retrieved 15 July 2012. 
  2. ^ a b Forbes Billioners Sweden 2013
  3. ^ Forbes The World's Billionaires
  4. ^ "Stefan Persson". Nationalencyklopedin (in Swedish). Retrieved 25 September 2010.  (subscription required)
  5. ^ "Bloomberg Billionares Index". Bloomberg LP. Retrieved 3 March 2014. 
  6. ^ a b Forbes Stefan Persson