Stefan Persson (magnate)
Stefan Persson in 2010
|Born||4 October 1947 (age 68)
|Education||University of Stockholm|
|Known for||Main shareholder of H&M|
|Net worth||US$24.1 billion (June 2015)|
|Title||Chairman of H&M|
|Spouse(s)||Carolyn Denise Persson|
|Children||Karl-Johan Persson, Tom Persson, Charlotte Söderström|
|Relatives||Lottie Tham (sister)|
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 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. Through his privately held real estate company Ramsbury Invest, Persson owns a large amount 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.
Persson is a founder of the Mentor Foundation, a nonprofit organisation that aims to combat substance abuse among young people. He is a supporter of Djurgårdens IF and is co-funding a foundation for the club. 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.
Persson attended the University of Stockholm and 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. Their other two children, Tom Persson and Charlotte Söderström are billionaires in their own right.