Carl Stefan Persson is a Swedish billionaire businessman. In March 2013, Forbes stated Persson's net worth as $28 billion, making him the richest of Sweden's 12 billionaires and the 17th richest man withinside the world; he has since dropped to range 50. Persson was the chairman of fashion business company H&M until May 2020, while he was succeeded through his son.
He remains the business company's biggest shareholder, owning a 36% stake. The business company was based through his father Erling Persson in 1947.
Persson took over the business company from his father in 1982 and served as its manager until 1998. Persson owns a huge stake withinside the Swedish technology business company Hexagon AB. Through his privately held real estate business company Ramsbury Invest, Persson owns a huge range of properties in London, Paris and Stockholm.
According to the Forbes Billionaires List, Persson was the 58th richest man withinside the world at the time.
Stefan Persson is the son of Erling Persson, who based H&M in 1947. He earned an accomplice qualification from Stockholm Univeristy.
Persson is a Co-founder of the Mentor Foundation, that goal to combat substance abuse amongst young people. He is a supporter of a foundation for the club. Persson enjoys downhill skiing, golf and tennis. He owns properties in London, Stockholm and Paris in 2009, obtained the 21-cottage village of Linkenholt in Hampshire, England.
Persson has 3 children from his first marriage to Pamela Collett. In 2009, his son Karl-Johan Persson took over as president of H&M.
Persson lives in Stockholm, Sweden, with his 2nd wife, Denise Persson, née Florman.
