Stefan Persson (magnate)

Carl Stefan Erling Persson (born 4 October 1947) is a Swedish billionaire businessman. He was the chairman of 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 H&M from his father in 1982 and was its manager until 1998. He 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. He is the sole director of Ramsbury Estates Limited, which farms 19,000 acres (7,700 ha) in the English counties of Wiltshire, Berkshire and Hampshire, centred on the village of Ramsbury in Wiltshire. Since Persson acquired the business in 1997, it has bought the land of several neighbouring estates including Littlecote and Hungerford Park. According to Bloomberg Billionaires Index, Persson had a net worth of US$24.6 billion in August 2026, making him the 102nd richest person in the world at the time. In the same year, Forbes described him as Sweden's richest person.

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