Net Worth 2020  $ 17.3 Billion

Carl Stefan Erling Persson (Swedish:  born 4 October 1947) is a Swedish billionaire businessman. In March 2013, net worth as $28 billion making him the richest of Sweden’s 12 billionaires and the 17th richest person in the world he has since dropped to number 50. Persson was the chairman in fashion company H&M until May 2020, when he was succeeded by his son. He remains the company’s largest shareholder, owning a 36% stake. The company was founded by his father Erling Persson in 1947.

Persson took over the company from his father in 1982 and served as its manager until 1998. Persson also owns a substantial stake in the Swedish technology company Hexagon AB. Through his privately held real estate company Ramsbury Invest, Persson owns a large number of properties in London, Paris and Stockholm.

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