Stefan Persson 101: Swedish Billionaire Businessman
Zatrun Published at March 30, 2024

In our article titled “Stefan Persson 101: Who is the Swedish Billionaire Businessman?” on, we will delve into everything you need to know about Stefan Persson, the Swedish billionaire businessman that our readers are curious about, in detail.

Stefan Persson

Who is Stefan Persson?

Carl Stefan Erling Persson is a Swedish billionaire businessman. Born on October 4th, 1947, Persson had a net worth of $28 billion according to Forbes in March 2013, making him the richest of Sweden’s 12 billionaires and the 17th richest person in the world; however, he later slipped to the 50th position. He was the chairman of the fashion company H&M, which was founded by his father Erling Persson in 1947, but was succeeded by his son in May 2020. As the company’s largest shareholder, he continues to own a 36% stake. Stefan Persson is the son of Erling Persson, who founded H&M in 1947. He obtained an associate degree from Stockholm University.

Persson took over H&M from his father in 1982 and served as its CEO until 1998. He also holds a significant stake in the Swedish technology company Hexagon AB. Through his private real estate company Ramsbury Invest, he owns several properties in London, Paris, and Stockholm. He is the sole director of Ramsbury Estates Limited, which operates 19,000 acres (7,700 hectares) of land centered around the village of Ramsbury in Wiltshire, Berkshire, and Hampshire counties in England. Since taking over the operation in 1997, Persson has purchased the land of some neighboring properties such as Littlecote and Hungerford Park.

According to Bloomberg Billionaires Index, as of January 2022, Persson had a net worth of $21.2 billion, making him the world’s 89th richest person at the time.

Stefan Persson

Personal Life

Persson is one of the founders of the non-profit Mentor Foundation, which aims to combat substance abuse among young people. He also co-finances a foundation for the Djurgårdens IF team. Persson enjoys activities such as skiing, tennis, and golf. He owns properties in London, Paris, and Stockholm, and in 2009, he purchased the 21-cottage village of Linkenholt in Hampshire, England.

From his first marriage to Pamela Collett, Persson has three children: Karl-Johan Persson, who serves as the Chairman and CEO of H&M, Tom Persson, and Charlotte Söderström, all of whom are also billionaires. Persson lives with his second wife Denise Persson (formerly Florman) in Stockholm, Sweden.

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