Stefan Persson

Who is he?

Is a Swedish business magnate. He is the richest of Sweden's 12 billionaires and the 17th richest person in the world.

Companies owned

Persson is the chairman and main shareholder in fashion company H&M

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

Fortune ($)

In March 2013, Forbes reported Persson's net worth as $28 billion.
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.

Achievements/ Recognitions

Persson attended the University of Stockholm.
He's married with his wife, Carolyn Denise Persson. They have three children.

How he started?

H&M 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.

Future projects

H&M Ponders Latin America, Australia for Future Stores

Important information

Persson is a founder of the Mentor Foundation, a nonprofit organisation that combats 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.

References

• http://en.wikipedia.org/wiki/Stefan_Persson_%28magnate%29
• http://topics.bloomberg.com/stefan-persson/