As the largest shareholder in Swedish clothing giant Hennes & Mauritz AB, Steffan Perrson stands as the Chairman of cheap-chic apparel chain H&M. Persson's father, Erling, founded H&M in 1947. With an estimated worth of $26 Billion. Perrson sits as the Richest man in Sweden, listing #8 Forbes Billionaires, calculating to a net worth of $24.7 Billion
Stefan Persson took over his father’s apparel business, H&M, in 1982. Although the company went public in 1974, it is Persson who scaled the company to become the global behemoth it is today. Under his leadership, the company has grown to employ 94,000 people in over 43 countries. H&M’s revenues now exceed $16 billion.
H&M owner Stefan Persson of Sweden is the eighth richest person in the world, according to the 2012 Forbes Billionaire List. In total there are ten Swedes on the list, which this year includes a total of 1,226 billionaires from 58 countries. Mexican telecommunications tycoon Carlos Slim was the world's richest man for a third year running, followed by Microsoft founder Bill Gates and investment tycoon Warren Buffett.
Stefan Persson, 61, is poised to purchase the Linkenholt estate near Andover, Hampshire, for £25 million. The deal includes an Edwardian-style manor house, 1,500 acres of farmland, a 425-acre wood, a cricket pitch and 21 cottages leased to villagers, reports said.