Stefan Persson's Biography

Stefan Persson is a renowned Swedish billionaire businessman best known as the former chairman and principal shareholder of Hennes & Mauritz (H&M), one of the world’s largest fashion retailers. Born on October 4, 1947, in Stockholm, Sweden, Persson inherited H&M from his father, Erling Persson, in 1982 and played a pivotal role in the company's global expansion. Under his leadership, H&M grew from a European retailer into a global fashion powerhouse, recognized for its affordable and stylish clothing. Persson is also the owner of Ramsbury Invest, through which he manages his family's vast investments in retail, real estate, and other ventures. Despite stepping down as chairman in 2020, he remains a significant influence in the company’s strategic direction. Known for his low-profile lifestyle and philanthropic interests, Persson is also active in supporting environmental causes and sustainable business practices. As of 2024, his estimated net worth is $16.4 billion, placing him among the wealthiest individuals in Sweden and the world. Persson is married to Carolyn Denise Persson and has three children, including Karl-Johan Persson, who has also served as CEO of H&M. Beyond business, Stefan enjoys golf, sailing, and wine collecting. His success story is a testament to the power of visionary leadership and responsible ownership in the global fashion industry.