Stefan Persson Net Worth
Stefan Persson net worth: Stefan Persson is a Swedish business magnate who has a net worth of $25 billion dollars. Stefan Persson has accumulated this net worth largely through the earnings of Hennes & Mauritz (H&M), the fashion company started by his father Erling Persson. In addition to the company, Persson is known as the richest person in Sweden, which ranks him as the 16th richest person on the entire planet. One particularly ostentatious symbol of his immense wealth is the English village Linkenholt, which is owned entirely by him. From 1982 to 2009, he served as the president and chief executive officer of Hennes & Mauritz, before being replaced by his son, Karl-Johan Persson. Since his departure, Hennes & Mauritz has been embroiled in several public relations controversies, including one involving poor working conditions in a supply factory in Cambodia. Workers there are said to be subject to "fumes from chemicals, poor ventilation, malnutrition and mass hysteria." Some other controversial practices of the company include the destruction of unsold merchandise and the alleged use of artists' work without proper credit being given. Persson's personal life is much less cluttered with difficult problems, as evidenced by his family life: He and his wife have three children and live in Stockholm, Sweden.
Net Worth details: Stefan Persson holds a 38.8 percent stake in Hennes & Mauritz, better known as H&M, which is the second largest private label apparel retailer in the world. Persson is a 4.8 percent stakeholder in Melker Schorling, a Swedish investment company. He owns real estate company Ramsbury Property and also owns 17,700 acres of land in Wiltshire, England. H&M had $22.6 billion in revenue in 2016.