Stefan Persson Net Worth

Stefan Persson is a Swedish billionaire with an estimated net worth of $14 billion. This wealth primarily comes from his ownership of Hennes & Mauritz (H&M), a global fashion retailer founded by his father in 1947. Persson took over as CEO in 1982 and remained in the role for 16 years before handing over to his son in 2020. While he is no longer actively involved in daily company operations, the Persson family remains a major shareholder in the company.

Aside from H&M, Persson has made investments in technology and real estate, including a stake in Hexagon AB, a Swedish technology company, and Ramsbury Invest, a private real estate firm with properties across Europe. Persson's success is deeply tied to the growth of H&M, which has expanded internationally and diversified its product offerings to include clothing, accessories, and home furnishings.

The company’s international expansion and strong brand recognition have played a significant role in building Persson's wealth. Additionally, Persson is known for his philanthropic efforts, supporting charitable initiatives focused on humanitarian causes, environmental issues, and young people's welfare. Born on October 4, 1947, in Stockholm, Persson grew up in a family connected to the fashion industry, which provided him with an early connection to H&M.

He attended Stockholm University, where he obtained an associate qualification, and later pursued a career in business management and retail expansion.