Hey! if you are also in search of Stefan Persson’s net worth then this is the article for you only.
Stefan Persson’s net worth is believed to be more than 44.3 billion dollars.
He earned his fortune as the owner of H&M, which is one of the biggest clothing companies in Europe. It is also present on other continents and has more than 4200 stores all over the world.
Stefan Persson net worth has been worked out after the publication of the company’s financial report for 2013.
The Swede is also known as an art collector and a great philanthropist. He owns paintings that are acknowledged and estimated at over 100 million dollars.
The majority of his wealth is definitely inherited, but Stefan Persson net worth has grown thanks to smart investments and successful business projects that he has been a part of.
One of the latest additions to Stefan Persson net worth is his 20% share in Loop Industries, which is a recycling company that turns waste plastic into pellets.
This way, the company can be used to create new products without polluting the environment. Stefan Persson has also shown his commitment to sustainable development by investing in the clean energy company Inerjys.
In addition to being an investor, he is also a developer of several projects that boost the economy of his home country and help it grow stronger.
Among them are a new waterway between Gothenburg and Oslo as well as a real estate complex near Stockholm with over 2000 housing units built.
Stefan Persson’s net worth will only continue to grow as he is still actively participating in business and making smart investments.
Stefan Persson Net Worth: Who is Stefan Persson?
Stefan Persson is the Chairman of the Board for H&M, one of the largest clothing companies in the world. He also happens to be one of the richest people on Earth, with a net worth of $25 billion.
Born in Sweden on 4th October 1947, Stefan started his career as an accountant before moving into business. In 1968, he and his brother Karl-Johan founded H&M, and the rest is history.
Today, Stefan is a major philanthropist, donating millions of dollars to various causes each year.
He also has a strong interest in science and technology and has invested in several startups over the years.
Overall, Stefan is an accomplished businessman and donor whose net worth has allowed him to do good for the world.
Stefan Persson is a Swedish businessman and entrepreneur who has made his fortune in the fashion industry.
He is best known as the founder and former CEO of H&M, one of the world’s largest fashion retailers.
After graduating from university, Persson started working for his father’s clothing company. He soon recognized the potential in a cheap and simple design and started a mail-order company in his name.
Persson’s quick success enabled him to venture into the retail sector, opening the first H&M store in 1947.
He expanded the chain across Sweden before going overseas in 1960 with a location in Amsterdam.
Today, there are over 2,100 H&M stores in 53 countries, with annual sales totaling over $20 billion.
Persson has since retired from his role as CEO but remains the largest individual shareholder in the company.
Outside of business, Persson is a keen art collector and supporter of the arts. He has donated millions of dollars to various causes, including cancer research and children’s aid organizations.
Net Worth of Stefan Persson :
Swedish billionaire Stefan Persson, wearing his signature double-breasted blazer and Hästens boots, is now the richest man in Sweden.
The 70-year old’s net worth is $28 billion and he comes in fifth on Forbes’ list of billionaires worldwide, just behind Mexican tycoon Carlos Slim Helu.
So far he has been content to just build his fortune – but perhaps not for long.
“He’s involved in whatever is going on, he reads a lot of reports and goes to a lot of meetings. It’s important that you have close contact with the management,” says Persson’s son Stefan senior who has worked as an HR manager at H&M since 2003.
Today Stefan junior is the head of H&M’s lucrative Chinese operations where revenues grew by 16% in 2012 despite a general decline for many western fashion companies.
“It’s pretty easy running China with this momentum, but I still think there is a lot to do,” says the younger Persson who started working at H&M as a teenager.
It’s no wonder that the Persson family is one of the richest in Sweden – with a net worth of $28 billion they easily eclipse the likes of Ingvar Kamprad (net worth: $22.4 billion) and Hans Rausing (net worth: $13.8 billion).
Stefan Persson Career And Education :
Persson is credited with turning H&M into one of the world’s largest fashion companies: in 2008, H&M had 4,000 stores and earned over €18 billion.
The company was founded by his grandfather Erling Persson in 1947; it is headquartered in Stockholm.
In April 2013, Fortune ranked Persson as number 10 of “The World’s 25 Most Powerful Businesspeople”.
In the same year, he was also listed as the richest person in Europe and the wealthiest person in Sweden, with a net worth of $25 billion.
In March 2014, it was announced that Persson was selling his majority stake in H&M to investment company EQT and his family’s investment company, Stefan Persson Invest (SPI). The sale was worth $4.3 billion. Since selling his stake in H&M, Persson has focused on his private investment firm, EQT Ventures. He is also a major donor to the Clinton Foundation.
Stefan Persson is one of the most successful businessmen in the world. He has turned H&M into a global fashion powerhouse, and he is now focusing on his private investment firm.
He is also a major donor to the Clinton Foundation. Stefan Persson is a role model for aspiring entrepreneurs everywhere.
Stefan Persson, the grandson of H&M founder Erling Persson, recently celebrated his 18th birthday. Yet despite his young age, he already has a mind-boggling fortune thanks to wise investments made by his father and immediate family members.
The Swedish teenager is now the main owner of the world’s third-largest fashion retailer, and he is not your average spoiled rich kid.
Stefan has always been a hard worker, setting his sights on a successful future from an early age.
Interestingly, Stefan’s education has not been focused on business or finance at all.
He is actually a computer science graduate who decided to study at university simply because he enjoyed it.
This is a refreshing change from the norm, where many young entrepreneurs are groomed from an early age to take over the family business. Stefan’s story shows that you don’t need to have a background in business to be successful in the world of commerce – it’s all about having an interest in what you do.
At the age of 16, Stefan founded his own company called Ammado which specialized in building websites for companies.
The business quickly grew into a full-blown web-portal development startup and is now one of Sweden’s leading firms in the area.
Stefan’s success so far is a clear indication that he has the drive and ambition to make it big in the world.
With an eye for business and a passion for computer science, there’s no doubt that Stefan Persson is destined for great things.
Achievements of Stefan Persson :
For anyone who has seen “The Rabbit Show” (Råttan show), the Swedish satire about the power elite surrounding the dairy industry, it will come as no surprise that Stefan Persson is one of Sweden’s most influential people.
As rich as Croesus and with his interests spread out over various sectors – for example, clothing chain H&M, farming companies LRF and Gant, which he started with his brothers, as well as real estate investment company Svenska fastigheter – Persson controls a business empire that contributes to making him one of the world’s wealthiest individuals.
He has also become known for his art collection which includes works by Andy Warhol and Jasper Johns.
Stefan Persson’s business empire is also expanding to China where he already has a hand in the construction business and is currently about to start up an entire clothing empire, which will be called Little Sheep.
The following interview with millionaire Stefan Persson was made by journalist Pär Bergman for the Swedish magazine Tobis.
Stefan Persson is the Chairman of the Board for H&M, a clothing company. He has held this title since 1998 and has been with the company since it was founded in 1947. He is also the co-founder of the investment firm EQT.
In total, Stefan Persson has a net worth of $24.8 billion, making him the second wealthiest person in Sweden.
Some of Stefan Persson’s notable achievements include:
- Being the first Swede to reach a net worth of $10 billion
- Building H&M into one of the world’s largest clothing companies
- Making EQT one of the leading investment firms in Europe
- Being named the World Entrepreneur of the Year in 2003 by Ernst & Young
- Achieving a 10% annual return on capital at EQT since its founding.
At H&M, Stefan Persson has done wonders for the company. When he took over as Chairman of the Board, H&M had only 60 stores.
By the time he stepped down in 2013, that number had exploded to over 2,500 stores worldwide. He is also responsible for the company’s strong presence in online retail.
Stefan Persson In News :
- H&M sales flatline
- Stefan Persson storhandlar i H&M
- The billionaire owner of H&M bans hunting on his huge English estate
Stefan Persson Interviews :
FAQs on Stefan Persson Net Worth
What is Stefan Persson's net worth?
According to Celebrity Net Worth, Stefan Persson is worth $22.7 billion as of March 2016. This makes him the second-richest person in Sweden and the 29th richest person in the world.
How did Stefan Persson become so wealthy?
Stefan Persson made his fortune as the co-founder and former CEO of clothing retailer H&M. He has also been a major shareholder in the company since it was founded in 1947.
What is Stefan Persson's current role at H&M?
Stefan Persson is no longer involved with the day-to-day operations of H&M. He stepped down as CEO in 1998 and relinquished his role as chairman in 2010. However, he remains a major shareholder in the company.
What other business ventures does Stefan Persson have?
Aside from H&M, Stefan Persson has also been involved in several other business ventures, including property development. He is also the owner of Gullers Grupp, a holding company with interests in companies such as security firm Securitas AB and financial services provider Skandia.
Quick Links :
Conclusion: Stefan Persson Net Worth [Year]
Outside of his work with H&M, Stefan is also known for his significant philanthropic work.
He has donated millions of dollars to causes that focus on children, the environment, and research into diseases.
Stefan Persson net worth is currently at $14 billion which makes him one of the richest people in the world.
His wealth comes primarily through his position as chairman for H&M, but he has also made a significant amount of money through his other business ventures.
Stefan is known for being a very private person, and he has stated in the past that he doesn’t care about money or fame. He simply wants to make sure that his loved ones are taken care of.
Despite this, Stefan is one of the most powerful people in the fashion industry, and he is recognized as being one of the wealthiest.