Stefan Persson Net Worth, Early Life, H&M, Other Business Ventures and Much More
Stefan Persson Net Worth: As you all know Stefan Persson is a Swedish businessman with a huge net worth. He was born and raised in Sweden. Persson is very close to his birthplace. Also he has been ranked amongst the 15 richest persons in the world. Stefan is the heir of a well known clothing brand H&M. He has earned a huge amount of net worth for himself. In this article we will discuss everything we know about Stefan Persson Net Worth.
Stefan Persson Net Worth
With a $14 billion net worth, Swedish business billionaire Stefan Persson commands a lot of attention. Swedish society ranks Stefan Persson as its wealthiest citizen. At various points in his life, Stefan has been among the world’s 15 wealthiest persons. Hennes & Mauritz (H&M) is a Swedish clothing and accessories conglomerate, and Persson is the heir to the company.
The world’s second-largest private label clothes shop, Hennes & Mauritz, is currently owned by Stefan Persson, who has a 53% share as of this writing. Each year, H&M makes almost $24 billion in profit. His father started H&M in 1947, and he has held the roles of CEO and chairman in the company. In addition to his role as CEO of Ramsbury Invest, a privately held real estate firm, Persson also holds a significant share in the technology firm Hexagon AB. To be more specific, Stefan owns 19,000 acres in Wiltshire, England, through Ramsbury. Stefan Persson net worth increased due to his career.
Early Life and Education
Stefan Persson, whose given name was Carl Stefan Erling Persson, was born on October 4, 1947, in Stockholm, Sweden. His mom’s name was Margrit, and his dad, Erling, started the clothing brand H&M the year he was born. Lottie is his sister’s name. At Stockholm University, where he studied for two years and graduated with an associate degree, Persson furthered his study. You can also look at Jorge Garcia Net Worth.
Persson succeeded his father as H&M’s CEO in 1982. A role he held until 1998 when he was promoted to chairman of the board. Karl-Johan Persson, Persson’s eldest son, took over as chairman after his father in May 2020. His 36% stake in H&M makes him the company’s single largest stakeholder. You can also check Richard Roundtree Net Worth.
H&M, with its more than 4,700 locations in over 70 countries, is one of the world’s largest clothing businesses. In 2008, it expanded into providing home goods in addition to clothing for men, women, and children.
The H&M Foundation, a philanthropic arm of the corporation, was set up in 2014 to provide funding for initiatives that advance social and environmental problems within the fashion industry. More than $100 million has been given to the Foundation by Persson and his family since it was established. Stefan Persson net worth increased due to H&M.
Other Business Endeavors
In addition to his other ventures, Persson is a major shareholder in Hexagon AB, a multinational IT firm he helped start in 1992. Company history includes more than 170 acquisitions, including Brown & Sharpe, Leica Geosystems, Intergraph, Vero Software, Luciad, and Infor. The headquarters are in Stockholm, Sweden.
Through his privately held real estate company Ramsbury Invest, which Persson also manages, he owns a number of buildings in major European cities like Stockholm, London, and Paris. Linkenholt, a small village in Hampshire, England, was one of the properties he purchased in 2009. He paid about £25 million for it. You can also read Charlie Sheen Net Worth.
Persson is active in the charity community as well, having co-founded the Mentor Foundation to combat substance misuse among young people. In addition, he helped the Swedish Djurgrdens IF Fotboll club establish its foundation with a monetary gift.
All three of Persson’s wealthy offspring are from his first marriage to Pamela Collett: Karl-Johan and his two children Charlotte and Tom. Until 2020, Karl-Johan was H&M’s CEO; after that, he took on the role of chairman. Charlotte is a film producer and also manages a stud farm where she supports horses with H&M. You can also read Oksana Baiul Net Worth.
Persson currently resides in Stockholm, Sweden, with his second wife Denise Florman. Stefan Persson net worth is $14 billion.
To sum up, it is clear that we have talked about Stefan Persson Net Worth. The Swedish businessman has made his wealth through various sources. If you would like to know more content, please visit our website greenenergyanalysis.com