Stefan Persson

Date of Birth: October 4, 1947

Zodiac Sign: Libra

Biography

Stefan Persson, born Carl Stefan Erling Persson, is a prominent Swedish businessman best known for his leadership role in the global fashion retail company Hennes & Mauritz (H&M). He was born into a family with a strong entrepreneurial background, as his father, Erling Persson, founded H&M in 1947. Stefan took over the company in 1982 and transformed it into one of the world’s largest and most successful fashion retailers. Under his leadership, H&M expanded its operations globally, introduced new brands, and embraced sustainability initiatives. Stefan Persson’s business acumen and strategic vision have earned him a place among the wealthiest individuals in the world.

5 Interesting Facts about Stefan Persson

1. Stefan Persson stepped down as the chairman of H&M in 2020, passing the role to his son, Karl-Johan Persson.

2. He owns a significant amount of real estate, including large estates in Sweden and the UK.

3. Stefan is known for his philanthropic efforts, particularly through the Erling-Persson Family Foundation, which supports education, research, and social causes.

4. Under his leadership, H&M introduced several new brands, including COS, & Other Stories, and ARKET.

5. Stefan Persson was awarded the King’s Medal in 2013 by the King of Sweden for his contributions to Swedish business.

5 Most Interesting Quotes from Stefan Persson

1. “Business is not just about making money. It’s about creating a better world.”

2. “Sustainability is not a choice; it’s a necessity for the future of our planet.”

3. “Success is built on the foundation of hard work, innovation, and a commitment to quality.”

4. “Our customers are the heart of our business. Without them, we are nothing.”

5. “Leadership is about making tough decisions and staying true to your values.”

Highest Net Worth Achieved

As of his peak, Stefan Persson’s net worth was estimated to be around $20 billion.

Children

Stefan Persson has three children: Karl-Johan Persson, who succeeded him as CEO of H&M and later became the chairman; Charlotte Söderström, who is also involved in the family business and various philanthropic activities; and Tom Persson, who has pursued a career in film production.