Stefan Persson took control over the Swedish fashion company H&M from his father, the founder, in 1982. Persson expanded his brand across global international markets. Combined with his large stake in the Swedish technology company, Hexagon AB, his personal wealth has made him the richest man in his home country of Sweden. According to the Bloomberg Billionaires Index, Persson had a net worth of $31.9 billion in 2014, making him the 17th richest person in the world.
In 1998, Persson left his position as H&M’s CEO, but still retains his status as the primary shareholder and chairman of the company.
Persson owns extensive properties both domestic and abroad, including properties in London, Paris and Stockholm. In 2009, he acquired the 21-cottage village of Linkenholt in Hampshire, England.