Bloomberg Billionaires Index

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# 120 Stefan Persson $14.3B

Random fact: Hobbies include skiing, tennis and golf.


Persson is the largest shareholder of Hennes & Mauritz, the world's second-biggest retailer of private-label apparel. The Stockholm-based company reported revenue of 199 billion Swedish kronor ($23.4 billion) in the year to Nov. 30, 2021. The group's stores include H&M as well as COS, Weekday and Monki.

As of :
Last change -$499M ( -3.4%)
YTD change +$1.52B ( +11.8%)
Biggest asset HMB SS Equity
Country / Region Sweden
Age 75
Industry Retail
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Stefan Persson's net worth of $14.3B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Persson's fortune derives from his 53.4% stake in Hennes & Mauritz. The shares are held by the Persson family and related companies, according to H&M's corporate website. The billionaire is credited with all of the fortune because he controls the company's operational and strategic decisions. H&M is the world's second-largest retailer of private-label apparel, according to the Fast Retailing website.

Most of his shares are held through Ramsbury Invest, a Stockholm-based family investment vehicle, and include all of H&M's class A shares, which have 10 times the voting rights of the class B shares.

He's also the owner of Ramsbury Property, which controls and manages office property in Stockholm, Paris and London. The real estate company is valued using its reported 2021 financials, according to company database,, and the average price-to-book-value ratio of two publicly traded companies, FastPartner and Platzer Fastigheter Holding.

Persson's Ramsbury Estates has more than 19,000 acres of rural property in England, according to its website. It's valued using an implied price of 11,400 pounds per acre based on local sales in the area.

Persson's family foundation didn't respond to requests for comment about his wealth.


Family: Married, 3 children

Persson was born in Stockholm in 1947, the same year his father, Erling, founded clothing retailer Hennes & Mauritz. After graduating from Stockholm University and Lund University, Stefan joined the family business in 1976, starting as head of the company's UK operations. He became chief executive officer in 1982 and chairman in 1998.

Over the past three decades, the company has expanded throughout Europe and the US, where Erling embraced the idea of selling affordable, trendy clothing, sometimes referred to as "disposable chic." Now Europe's second-largest clothing retailer, according to research group Retail-Index, H&M since 2007 has opened in Hong Kong, Shanghai, Tokyo, Mexico City, Melbourne and Moscow. The company has about 4,700 stores worldwide.

Persson also owns Ramsbury Property, which has buildings on London's Oxford Street and Regent Street and on the Champs-Elysees in Paris.

  • 1947 Born in Stockholm to H&M founder Erling Persson.
  • 1974 H&M is listed on the Stockholm Stock Exchange.
  • 1976 Becomes UK country manager for H&M.
  • 1982 Takes over from his father as CEO of H&M.
  • 1998 Becomes chairman of H&M after 16 years as CEO.
  • 2000 Opens first H&M store on Fifth Avenue in New York.
  • 2004 Forms first H&M celebrity designer partnership with Karl Lagerfeld.
  • 2012 Underwear designed by David Beckham goes on sale at H&M.
  • 2013 Recruits Czech player Tomas Berdych for new tennis collection.