In this success post, we are going to share the story of Stefan Persson, the head of one of the biggest fashion chains in the world, H&M.
Stefan is a Swedish businessman who has made a fortune over the last few decades owing to the boom of the fashion industry. He is now the 18th richest man in the world and is the major shareholder of H&M. Which was founded by his father in the year 1947.
Stefan Persson Early Career
Stefan served as the manager of the company until the year 1998. He is also known for holding a very big and substantial stake in the Swedish technological company, Hexagon AB. He also owns a large number of assets and properties via his real estate company, known as Ramsbury. These properties are spread across Europe which includes Stockholm, Paris, and London.
Stefan Persson Career
Mentor Foundation, founded by Stefan, is one of his most noble acts as a businessman. The non-profit organization is responsible for tackling substance abuse amongst the youth of Sweden and his hands-on approach to make sure that the problem is solved. And is one of the reasons that Stefan is commended by many people across the globe.
Stefan Persson Career Highlights
Now coming back to H&M, Stefan was responsible for the company becoming a major success story that it is today. Under his rule and smart leadership, the company has even grown all across the globe and employs around 94000 employees spread across the 45 nations. His pioneering collaborations with the noted celebrities across the globe in different domains led to the further success of the company.
Stefan Persson had already worked with world-famous names such as Donatella Versace, Jimmy Choo, Maison Martin, Karl Lagerfeld, and Stella McCartney, to name a few. And the core of his fashion company is based on their efforts to bridge the gap between the retailers and consumers.
Stefan Persson Achievements
He has also served as the Board of Directors of INGKA Holdings BV, Stockholm School of Entrepreneurship, and Electrolux. His father started out business after visiting New York City shortly after World War 2. Where he was also impressed by the Stylish clothes that were available at a cheaper cost. He opened his first store, Hennes in Vasteras, which became a huge success. After which he started Hennes & Mauritz, known by the name H&M in today’s world.
Stefan Persson Net Worth
In the year 2019, Stefan Persson, chairman of H&M, earned a dividend share of $809 million. According to the Forbes list, he has a net worth of $19 billion.
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