Stefan Persson Net Worth is$24 Billion
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Date of Birth: Dec 22, 1954
Weight: 86.18255 kg
Country: Sweden
What is Stefan Persson's net worth? Stefan Persson is a Swedish business magnate with a net worth of $24 billion dollars. He has accumulated this net worth largely through the earnings of Hennes & Mauritz, 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.

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Stefan Persson Latest News

Stars roll past Islanders, Lehtonen clinches 300th win

Tavares now has 318 assists for his career, moving him past Stefan Persson into eighth place on the franchise list. ... New York lost in regulation at home for just the second time this season, falling to 9-2-2 at Barclays Center. ... New York D Johnny ...
Posted: December 13, 2017, 9:00 pm

Superbacteria could soon be eating China's factory waste

H&M Foundation, a non-profit organization under the Stefan Persson family, founders and main owners of H&M group, announced this September that research with its partner, the Hong Kong Research Institute of Textiles and Apparel, had developed a chemical ...
Posted: December 15, 2017, 7:30 am

Meet the world's 50 richest billionaires of 2017

According to Bloomberg, her father co-founded the company in 1992 and then transferred his stake to her in 2005. Stefan Persson’s father founded a women’s clothing store, Hennes, in 1947, and later acquired a men’s clothing store, Mauritz Widorss ...
Posted: December 3, 2017, 3:19 pm
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