How wealthy are members of the H&M founding family?
Stefan Persson, son of H&M founder Erling Persson is currently Sweden's richest man with a fortune of $20.6 billion.
H&M is one of the most famous popular fashion brands in the world. This company was founded in 1947 by Mr. Erling Persson of Sweden, in Vaesteras.
Mr. Erling opened his first store, Hennes, specializing in women's clothing. In 1968, the businessman acquired the Mauritz Widforss company and introduced men's fashion collections, then officially renamed it "Hennes & Mauritz" (the predecessor of today's H&M).
Stefan Persson and Karl-Johan Persson. / ph: H&M Foundation
Here are the properties of the H&M family:
1. Stefan Persson
Net worth: $20.6 billion
Stefan Persson, 73, is the son of founder Erling Persson. He is currently the richest billionaire in Sweden. Last May, Stefan Persson stepped down as President of H&M after 22 years in the role.
2. Lottie Join and the family
Net worth: $3.1 billion
Lottie Tham, 71, is the daughter of founder Erling Persson and sister billionaire Stefan Persson. She holds no role at H&M and is very quiet in public. According to Forbes, Ms. Lottie and her husband also invest in real estate, including many buildings and hotels.
3. Karl-Johan Persson
Net worth: $2.2 billion
Karl-Johan - Mr. Stefan's son is the third generation in the Persson family to run H&M. This billionaire born in 1975 is currently the president of the corporation. Karl-Johan joined H&M in 2005 and four years later was appointed chief executive officer. In January 2020, he left the CEO position and gave the position to Mrs. Helena Helmersson.
4. Charlotte Soderstrom
Net worth: $2.2 billion
Charlotte Soderstrom was born in 1977 and is the daughter of billionaire Stefan Persson. She owns the same wealth as her brother Karl-Johan and manages H&M's sponsorship activities.
5. Tom Persson
Net worth: $2.2 billion
Born in 1985, Tom Persson is the youngest son of billionaire Stefan Persson. Although born in a family that owns a famous fashion retail brand, Tom does not take leadership positions at H&M. He graduated from the Met Film School in London and is working in film production.
How wealthy are members of the H&M founding family?
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