Stefan Persson Net Worth, Age, Family & Biography Chairman, Hennes & Mauritz Unsponsored ADR $17.0B Real Time Net Worth #94 in the world today

Avan Parvadiya — Mon, 17 Apr 2023 12:06:13 +0000

About Stefan Persson

Carl Stefan Erling Persson is a billionaire businessman in Swedish. Persson was the chairman of the fashion company H&M until May 2020, when he was succeeded by his son. He remains the organisation’s biggest investor, claiming a 36% stake. Erling Persson, his father, established the business in 1947. In 1982, Persson purchased H&M from his father and held the position of manager there until 1998.

He owns a sizable portion of the Swedish technology company Hexagon AB. Persson owns numerous properties in Stockholm, Paris, and London through Ramsbury Invest, a privately held real estate company. He is the only director of Ramsbury Estates Limited, which farms 19,000 acres (7,700 ha) in Wiltshire, Berkshire, and Hampshire, with the village of Ramsbury in Wiltshire at its centre. Persson bought the company in 1997 and has since bought the land of Littlecote and Hungerford Park, two other nearby estates.

Stefan Persson chairman of the fashion company H&M

Stefan Persson Family

Persson, was born on October 4, 1947, in Stockholm, Sweden. He has had a successful career as a business executive, serving as the chairman of Hennes & Mauritz AB (H&M) from 1998 to 2020 and its CEO from 1982 to 1998. Persson’s father, Erling Persson, founded Hennes, a women’s clothing store, in Vasteras, Sweden, in 1947. Stefan learned the art of fashion retailing from his father, and the company soon expanded to Stockholm and gained a reputation as a leading fashion brand in the Swedish market. Eventually, Hennes expanded its business to other European countries, becoming a fixture in the fashion industry.

Stefan Persson Career

In 1968, H&M acquired Mauritz Widforss, a Swedish hunting-gear retailer, which led to the addition of men’s clothing to their product line. The company became commonly known as H&M after this acquisition. In 1972, Persson joined the family business and played a significant role in expanding the company’s presence in Europe. He was present when H&M opened its first store in London in 1976. When his father became the chairman of the board, Persson assumed the role of H&M’s managing director and CEO in 1982.

Persson, the founder of Mentor Foundation, is devoted to the cause of preventing substance abuse among young people through a non-profit organisation. Also, he is a supporter of Djurgardens IF and is also contributing towards funding a foundation for the club. In his leisure time, Persson indulges in skiing, tennis and golf. He is the proud owner of properties in three major cities – London, Paris and Stockholm, and in 2009, he purchased the quaint 21-cottage village of Linkenholt in Hampshire, England.

Stefan Persson Facts

Persson was previously married to Pamela Collett and they have three children together. In 2009, Karl-Johan Persson succeeded his father as the president and CEO of H&M. Persson’s other two children, Tom Persson and Charlotte Söderström, are also extremely wealthy, each having achieved billionaire status.

Carolyn Denise Persson and Stefan Persson attend the Nobel Prize Awards Ceremony at Concert Hall on December 10, 2018 in Stockholm, Sweden.