Although the name Stefan Persson might not ring a bell for many people, his massive net worth likely will. The Swedish billionaire is one of the richest people in the world, yet his actual wealth has been shrouded in mystery. Until now. In this article, we’ll explore the mystery of Stefan Persson’s net worth, revealing the impressive figures behind the man who has made a name for himself in fashion and business.

1. Who is Stefan Persson?
Stefan Persson, born on October 4, 1947, is a businessman and philanthropist from Sweden. He is the former chairman and CEO of H&M, a popular clothing retailer that was founded by his father, Erling Persson, in 1947.

2. What is his net worth?
As of 2021, Stefan Persson’s estimated net worth is $23.5 billion. That makes him one of the wealthiest people in the world and the second richest man in Sweden, after IKEA founder Ingvar Kamprad.

3. How did he acquire his wealth?
Stefan Persson inherited his father’s business empire, which included H&M, and turned it into a global fashion juggernaut. Under his leadership, H&M expanded to over 74 countries and became known for its trendy and affordable clothing.

4. What other businesses does he own?
Apart from H&M, Stefan Persson owns a majority stake in Ramsbury Invest AB, a Swedish investment company. He also owns a significant share in a luxury hotel in Stockholm, Hotel Diplomat.

5. How does he spend his money?
Stefan Persson is known for his philanthropy and has donated millions of dollars to various organizations, including the Stockholm School of Economics and the World Wildlife Fund. He is also the founder of the non-profit organization, Mentor Foundation, which aims to help young people avoid drugs and other harmful activities.

6. What is his personal life like?
Stefan Persson is a private person and keeps his personal life out of the public eye. He is married to Carolyn Persson and has three children.

7. What impact has he had on the fashion industry?
Stefan Persson’s influence on the fashion industry is undeniable. He revolutionized the way people shop for clothes, making fashionable clothing accessible to people of all income brackets. He also championed sustainable fashion practices and was one of the first retailers to introduce eco-friendly clothing lines.

8. What is his legacy?
Stefan Persson’s legacy is one of innovation and philanthropy. He transformed H&M into a global fashion powerhouse and used his wealth to give back to society. His focus on sustainable fashion has also had a lasting impact on the industry, with many other retailers now following in his footsteps.

In conclusion, Stefan Persson’s impressive net worth is a testament to his business savvy and dedication to sustainable fashion. His legacy will continue to shape the industry for years to come, and his philanthropic efforts will improve the lives of millions of people around the world.

FAQs:
1. Did Stefan Persson start H&M?
No, H&M was founded by Stefan Persson’s father, Erling Persson, in 1947. Stefan Persson inherited the company and became CEO in 1982.

2. How old is Stefan Persson?
As of 2021, Stefan Persson is 74 years old.

3. What is Mentor Foundation?
Mentor Foundation is a non-profit organization founded by Stefan Persson. Its mission is to help young people avoid drugs and other harmful activities.

4. How does Stefan Persson’s net worth compare to other billionaires?
Stefan Persson’s net worth places him among the top 100 wealthiest people in the world and the second richest man in Sweden, after Ingvar Kamprad.

5. Is Stefan Persson involved in any controversies?
Stefan Persson has faced criticism for H&M’s business practices, including allegations of unethical labor practices and destroying unsold clothing. However, he has also been praised for his dedication to sustainable fashion and philanthropy.