#16 Stefan Persson-Net Worth $32.1 Billion $471 M | -1.4% As of 4/12/2014

The chairman of fast fashion favorite Hennes & Mauritz (H&M) Stefan Persson saw his fortune get a boost this year thanks to a 25% surge in the company's stock price. Persson also snapped up more English countryside to add to his portfolio: Sweden's richest person now owns 8,700-acre Savernake Estate in Wiltshire, not too far from Linkenholt, the Hampshire village he bought in 2009. Real estate investments aside, almost all his fortune still comes from the family's 38% equity stake (70% voting rights) in H&M, founded by his father, Erling, in 1947. The cheap chic chain was the first major retailer to sign a safety agreement for workers after the Bangladesh factory disaster in 2013, as well as pledging a living wage. H&M didn't have any of its clothes made at the site of the building collapse. Overseeing the day-to-day business since 2009 is Persson's 38-year-old son Karl-Johan, CEO and owner of a chunk of shares himself. The elder Persson enjoys downhill skiing, tennis and golf.

Chairman, H&M

Age 66
Source Of Wealth H&M
Residence Stockholm, Sweden
Citizenship Sweden
Marital Status Married
Children 3
Education Associate in Arts / Science, University of Stockholm

Stefan Persson on Forbes Lists

#12 Billionaires
#1 in Sweden
#12 in 2013

#16 Stefan Persson-Net Worth $32.1 Billion $471 M | -1.4% As of 4/12/2014