The Richest Man In Sweden 2011 - Stefan Persson

Net Worth Last Calculated: March 2011

Source: H&M, inherited and growing

Age: 63 , Citizenship: Sweden

Residence: Stockholm, Sweden

Marital Status: Married , Children: 3

Education: AAAS, University of Stockholm

Cheap chic mogul is chairman of Hennes & Mauritz (H&M). Retailer is known for bringing on big names like Karl Lagerfeld, Stella McCartney to design affordable collections for its 2,200 stores.

Collaborates with designer Jimmy Choo in a shoe line and knitwear with Sonia Rykiel. Continues to expand internationally: opened first stores in Turkey and Israel in 2010; entering Croatia and Romania in 2011. His father, Erling, founded H&M in 1947; Stefan took over in 1982, gave up chief executive position in 1998; promoted son, Karl-Johan, 35, to chief executive in July 2009. Acquired the village of Linkenholt in Hampshire, England in 2009. In May 2010 received honorary doctorate of medicine from Karolinska Institute for his contributions to the university and his active promotion of research and development. A founder of the Mentor Foundation, a nonprofit that combats substance abuse among youth. Enjoys downhill skiing, tennis and golf.


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The Richest Man In Sweden 2011 - Stefan Persson