Stefan Persson (magnate)

Stefan Persson (born 4 October 1947) is the chairman and main shareholder in fashion company Hennes & Mauritz (H&M), which was founded by his father Erling Persson. Stefan took over the company in 1982 and served as its chief executive officer until 1998. According to Forbes Magazine, Persson had a net worth US$24.5 billion in 2011, making him the richest person in Sweden and the 13th richest person in the world.

He is a supporter of Djurgårdens IF and is co-funding a foundation for the club. He also owns the small English village of Linkenholt.

Persson attended the University of Stockholm. He lives in Stockholm, Sweden and is married with Carolyn Denise Persson. They have three children. In 2009 his son Karl-Johan Persson took over as President and CEO of H&M.

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