Tuesday, 27 March 2012

8. Stefan Persson

Stefan Persson

Net Worth
$26 B As of March 2012
At a Glance
  • Age: 64
  • Source of Wealth: H&M
  • Residence: Stockholm, Sweden
  • Country of Citizenship: Sweden
  • Education: Associate in Arts / Science, University of Stockholm
  • Marital Status: Married
  • Children: 3
Forbes Lists
Stefan Persson's cheap-chic ­apparel chain H&M added Versace and Marni to its stable of designers last year and opened its first stores in Croatia, Singapore and Romania. It now has 2,500 shops in 43 countries. Persson, who is chairman, bought 5 million additional shares of the company and then gifted 4 million, worth $150 million, to a new employee ­incentive program. Persson's father, Erling, founded H&M in 1947; Stefan took over in 1982, he gave up the chief executive position in 1998; promoted son, Karl-Johan, 35, to chief executive in July 2009. Persson acquired the 21-cottage village of Linkenholt in Hampshire, England in 2009. He is a founder of the Mentor Foundation, a nonprofit that combats substance abuse among youth. Persson enjoys downhill skiing, tennis and golf.

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