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Stefan Persson (magnate)
Swedish Richest Person
Carl Stefan Erling Persson (Swedish:[ˈstěːfanˈpæ̌ːʂɔn]; born 4 October 1947[1]) is a Swedish billionaire businessman.
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] he has since dropped to number 50.[4] Persson was the chairman of fashion company H&M until May 2020, when he was succeeded by his son.[5] He remains the company's largest shareholder, owning a 36% stake.[6] The company was founded by his father Erling Persson in 1947.[7]
Persson took over H&M from his father in 1982 and served as its manager until 1998.
He 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 number of properties in London, Paris a
