Stefan Persson $28 B 65 H&M Sweden
Chairman of global cheap chic apparel retailer Hennes & Mauritz Stefan Persson has lately been making news for his high profile real estate investments. He bought the village of Linkenholt in Hampshire, England in 2009. In March, he picked up an entire block in Paris, for a reported $219 million, becoming the landord to tony Burberry, Moschino, and Bally. He also owns numerous properties that he then leases back to H&M, earning himself tidy rental income. Still nearly all his fortune comes from the family's 38% equity stake (70% voting rights) in H&M, founded by his father, Erling, in 1947. Stefan was chief executive from 1982 to 1998 and has been chairman since 1979. His son Karl-Johan, 35 became chief executive in July 2009; stock is up 40% since then, as the retailer continues its international expansion. It now has 2629 stores in 45 countries including its first in Malaysia opened in 2012. He is a founder of the Mentor Foundation, a nonprofit that combats substance abuse among youth. Persson enjoys downhill skiing, tennis and golf.
Chairman of global cheap chic apparel retailer Hennes & Mauritz Stefan Persson has lately been making news for his high profile real estate investments. He bought the village of Linkenholt in Hampshire, England in 2009. In March, he picked up an entire block in Paris, for a reported $219 million, becoming the landord to tony Burberry, Moschino, and Bally. He also owns numerous properties that he then leases back to H&M, earning himself tidy rental income. Still nearly all his fortune comes from the family's 38% equity stake (70% voting rights) in H&M, founded by his father, Erling, in 1947. Stefan was chief executive from 1982 to 1998 and has been chairman since 1979. His son Karl-Johan, 35 became chief executive in July 2009; stock is up 40% since then, as the retailer continues its international expansion. It now has 2629 stores in 45 countries including its first in Malaysia opened in 2012. He is a founder of the Mentor Foundation, a nonprofit that combats substance abuse among youth. Persson enjoys downhill skiing, tennis and golf.
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