Name: Stefan Persson
Nationality: Swedish
Date of Birth: October 4, 1947
Occupation: Former Chairman of H&M
Net Worth: Stefan Persson has been recognized as one of the wealthiest individuals globally, with an estimated net worth of over $20 billion.

Background and Early Ventures: Stefan Persson is the son of Erling Persson, who founded H&M. He joined the family business in the late 1970s and took over as CEO in 1982. Under his leadership, H&M expanded significantly, both in Sweden and internationally.

H&M: H&M is a renowned Swedish fashion retailer known for its fast-fashion approach, offering trendy and affordable clothing. Stefan Persson played a crucial role in shaping H&M's business strategy and overseeing its global expansion.

Global Expansion: Under Persson's leadership, H&M expanded its operations worldwide, establishing a presence in numerous countries across Europe, North America, Asia, and other regions. The company became known for its broad range of clothing options, catering to various customer segments.

Sustainability and Conscious Fashion: Stefan Persson has emphasized the importance of sustainability in the fashion industry. H&M has implemented initiatives to promote ethical sourcing, responsible production, and recycling programs.

Philanthropy: Stefan Persson and his family have engaged in philanthropic efforts through the Persson Foundation. The foundation supports various causes, including education, healthcare, and scientific research.

Retirement: Stefan Persson stepped down as Chairman of H&M in 2020, passing the leadership to his son, Karl-Johan Persson. However, he remains involved in the company as a significant shareholder.