Swedish billionaires: Stefan Persson (magnate), net worth 19.6 billion (2017)
NordenBladet – Carl Stefan Erling Persson (born 4 October 1947 in Bromma, Stockholm) is a Swedish business magnate*. 71-year-old Persson is the chairman and main shareholder in fashion company H&M (Hennes & Mauritz), 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 (Drottninggatan 50, 111 21 Stockholm, Sweden), Persson owns a large number of properties in London, Paris and Stockholm.
In March 2013, Forbes reported Persson’s net worth as $28 billion and in 2017 Persson´s net worth was 19.6 billion making him the richest of Sweden’s 31 billionaires and the 43th richest person in the world. 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.
Early life:
Stefan Persson is the son of Erling Persson (21 January 1917 – 28 October 2002) and Margrit Helga Andersson and half brother to Lottie Tham. He attended the University of Stockholm.
Personal life
Stefan 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 DjurgĂĄrdens 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 lives in Stockholm, Sweden, with his second wife, Carolyn Denise Persson. They have three children. In 2009, his son, Karl-Johan Persson (now 43 year-old), took over as president and chief executive of H&M. Their other two children, Tom Persson (33) and Charlotte Söderström (41) are also billionaires.
List of Swedes billionaires by net worth (2017, Forbes)
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* A business magnate or industrialist is an entrepreneur of great influence, importance, or standing in a particular enterprise or field of business. The term characteristically refers to a wealthy entrepreneur or investor who controls, through personal business ownership or dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals may also be called czars, moguls, proprietors, tycoons, taipans, barons, or oligarchs.
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