Stefan Persson

Sweden
Net Worth :$ 28 Billion
About Quotes Trivia
Born on: 4th Oct 14
Born in: Sweden
Marital status: Married
Occupation: Chairman of Hennes & Mauritz

Stefan Persson, chairman and former CEO of Hennes & Mauritz, is majorly responsible for turning the Swedish fashion company into an international retail giant. Erling Persson, his father, founded the first Hennes store in Västerås in 1947. The company bought the clothing retailer Mauritz in 1965 resulting in Hennes & Mauritz which went public in 1974. However, it was Stefan Persson who after taking over the reins of the company from his father in 1982 led its exponential international growth. By the end of the last millennia, he had made H&M Europe's largest apparel retailer.

Today, H&M has become a global giant employing 76,000 people in over 2,200 stores spread across 37 countries with sales reaching in excess of $16 billion. Not quite known to flaunt his wealth and lead an extravagant lifestyle, the Swedish billionaire seems to have an affinity for property. In 2009, he purchased an entire village in Hampshire along with 2,000 acres of surrounding countryside for an estimated $40 million. He also owns an estate in Wiltshire spread over 8,500 acres worth $15million where he hosts partridge and pheasant shoots.

Persson is also one of the founders of the Mentor Foundation that fights against drug abuse among youth and has the Queen of Sweden and Queen Noor of Jordan among its trustees. As H&M chairman, Persson is known to run the company quite frugally. Only a handful of executives have mobile phone privileges and those travelling on behalf of the company do not submit expense for cab rides as well. Perhaps, the reason he has been able to transform this small Swedish company into a multibillion dollar enterprise and himself into the richest Swede by quite a margin.

Stefan Persson Estates and Homes ( 3 )

1

Stockholm mansion

owned by
Stefan Persson
Stefan Persson

A native of Sweden, Persson lives in the Swedish capital along with his wife Carolyn and their three children.

 

Location: H&M owner currently lives in Stockholm which is the most populated urban area in Scandinavia.

Mansion in Stockholm

Swedish born businessman, Stefen Persson owns an estate in Stockholm city
2

Wiltshire mansion

owned by
Stefan Persson
Stefan Persson

Location: Stefan Persson owns a lavish mansion in Wiltshire which is a ceremonial county in South West England.


The property covers a massive 8,500 acres and is the venue where he hosts his partridge and pheasant shoots. The property is located on the outskirts of Ramsbury. In addition, Stefan Person also owns the Ramsbury microbrewery which brews Ramsbury Gold bottled beer amongst others.

3

Linkenholt village

owned by
Stefan Persson
Stefan Persson


Stefan Persson, the Swedish billionaire owner of fashion giant H&M owns 2,000 acre Linkenholt estate near Andover, Hampshire. He bought this estate for £25 million. The estate comprises of Edwardian-style manor house, 1,500 acres of farmland, a 425-acre wood, a cricket ground and 21 cottages leased to villagers.

 

Location: Linkenholt is a village near Andover in Hampshire, England with about 40 inhabitants.

View of village streets

Streets view of Stefan Persson's Hampshire village

Linkenholt village

Arial view of Stefen Persson's Linkenholt village

Stefan Persson Hobbies ( 2 )

1

Tennis

owned by
Stefan Persson
Stefan Persson
The Swedish billionaire likes to play Tennis in his spare time.
2

Golf

owned by
Stefan Persson
Stefan Persson
Golf is another sport which the rich Swede takes a serious liking to.

Stefan Persson Wedding ( 1 )

1

owned by
Stefan Persson
Stefan Persson
Stefan and Carolyn have been a couple for quite some time now and they have three children out of their wedlock.

Stefan Persson Cause ( 1 )

1

Erling-Persson Family Foundation

owned by
Stefan Persson
Stefan Persson
Stefan Persson established this foundation in memory of his father to support various charitable causes worldwide. The Foundation donated $39 million to Karolinska Institutet for the creation of a new assembly hall on the university campus in Solna.
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