As the richest person in Sweden, Stefan Persson has built an impressive financial empire. From leading H&M to making strategic investments, his financial journey is both fascinating and instructive.
Here, we dive into the details of Stefan Persson net worth and the key factors contributing to his wealth.
Quick Facts
| FACT | DETAIL |
| Real Name | Carl Stefan Erling Persson |
| Popular Name | Stefan Persson |
| Gender | Male |
| Birth Date | October 4, 1947 |
| Age | 76 years old |
| Parents | Erling Persson, Margrit Persson |
| Siblings | Lottie Tham |
| Birthplace | Stockholm, Sweden |
| Nationality | Swedish |
| Ethnicity | N/A |
| Education | Stockholm University, Lund University, Stockholm Business School |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Carolyn Denise Persson |
| Children | Charlotte Söderström, Karl-Johan Persson, Tom Persson |
| Dating | N/A |
| Net Worth | $19.5 billion |
| Source of Wealth | H&M, Investments |
| Height | 6 ft 1 in (1.85 m) |
What is the Net Worth Of Stefan Persson in 2024?
As of June 23, 2024, Stefan Persson’s net worth stands at $19.5 billion. This positions him as Sweden’s wealthiest individual.
Compared to his family members, Karl-Johan Persson has a net worth of $2.1 billion and Tom Persson has $2 billion.
Among fashion magnates, Stefan’s wealth is still far behind giants like Alain Wertheimer of Chanel boasts $38.5 billion, and Amancio Ortega of Zara leads with a staggering $113 billion.
Despite being less than some peers, Stefan’s diversified investments ensure his wealth remains substantial.
Stefan Persson Finance Overview
H&M’s Role in Stefan Persson’s Wealth
Founded by Erling Persson in 1947, H&M has been central to Stefan’s financial success. Taking over as CEO in 1982, Stefan expanded the company into one of the world’s largest fashion retailers, generating annual revenues of around $24 billion.
His leadership saw H&M grow to over 4,700 stores in more than 70 markets. Today, H&M is renowned for its cheap chic fashion, appealing to a broad demographic and maintaining a strong market presence.
Stefan’s 36% stake in the company remains a significant source of his wealth, providing substantial dividends and consistent financial growth.
Investment in Hexagon AB
Beyond fashion, Stefan Persson has diversified his wealth through significant investments in Hexagon AB, a global information technology company.
Persson owns a substantial stake in Hexagon AB, which has made over 170 acquisitions, including prominent companies like Brown & Sharpe and Leica Geosystems.
This strategic investment has contributed to his financial stability and growth, showcasing his acumen in identifying profitable opportunities beyond the fashion industry.
Real Estate Holdings through Ramsbury Invest
Stefan’s Ramsbury Invest is a key part of his financial portfolio. Through this privately held real estate company, he owns properties in Stockholm, London, and Paris. The highlight is a sprawling 19,000-acre estate in Wiltshire, England.
This estate includes wheat and barley farming, cattle rearing, and amenities like a pub, brewery, distillery, and oil press. This diversification into real estate and agriculture underscores his strategic wealth management.
Philanthropic Contributions and Their Impact
His philanthropy is notable, particularly through the H&M Foundation, established in 2014. The foundation focuses on humanitarian and environmental projects, with the Persson family donating over $100 million.
Additionally, Stefan co-founded the Mentor Foundation, which combats youth substance abuse, and has significantly supported Djurgårdens IF.
Family Influence on Financial Stability
The Persson family plays a significant role in managing and sustaining their wealth. Stefan’s eldest son, Karl-Johan Persson, succeeded him as chairman of H&M and was the CEO from 2009 to 2020.
His daughter, Charlotte Söderström, runs a stud farm and handles H&M sponsorships, while his other son, Tom Persson, works as a film producer.
This close-knit family involvement ensures that the Persson legacy continues to thrive and adapt to changing market dynamics.
Future Prospects and Financial Strategies
H&M plans to expand its online presence and enter new markets. Upcoming investments in technology and real estate will further bolster Stefan’s financial portfolio.
Long-term projections indicate his wealth will remain substantial, keeping him a prominent figure on the fashion billionaires list.
Social Media Accounts
Instagram: N/A
Twitter: N/A
Facebook: N/A
FAQs about Stefan Persson
What is Stefan Persson’s Real Name?
His real name is Carl Stefan Erling Persson.
When and Where Was Stefan Born?
He was born on October 4, 1947, in Stockholm, Sweden.
Who Are Stefan Persson’s Parents?
His parents are Erling Persson, the founder of H&M, and Margrit Persson.
What Role Did Stefan Persson Play in H&M?
He took over as CEO of H&M in 1982 and later served as chairman until 2020.
What Other Companies Does Stefan Have Stakes In?
He has significant stakes in Hexagon AB and Ramsbury Invest.
What is Ramsbury Invest?
Ramsbury Invest is Stefan’s privately held real estate company, owning properties in Stockholm, London, and Paris, as well as a large estate in Wiltshire, England.
How Has Stefan Persson Contributed to Philanthropy?
He co-founded the Mentor Foundation and has significantly supported the H&M Foundation and Djurgårdens IF Fotboll.
Who Are Stefan Persson’s Children?
He has three children: Karl-Johan, Charlotte Söderström, and Tom Persson.
What is Stefan’s Educational Background?
He earned an associate degree from Stockholm University.
Conclusion
Stefan Persson’s financial journey is a testament to strategic vision and effective management. His wealth, primarily rooted in H&M, is bolstered by diverse investments and philanthropy.
For more detailed insights and updates on other financial magnates, visit worldofceos.com. Feel free to leave comments, share, and explore more content on our site.
