Sweden has its fair share of wealthy individuals, with many of them making their fortunes through industries such as finance, technology, and retail. In this blog, we’ll be focusing on the richest Swedish person and their wealth in detail.
Ingvar Kamprad, founder of IKEA, was once considered the wealthiest person in Sweden, but since his passing in 2018, the title has been passed on to others. As of 2021, the wealthiest person in Sweden is Stefan Persson, with a net worth of approximately $28 billion according to Forbes. He inherited his fortune from his father, Erling Persson, who founded the fashion brand H&M.
Stefan Persson’s wealth is primarily derived from his ownership of H&M. The company, which was founded in 1947, has grown to become one of the largest fashion retailers in the world, with over 4,500 stores in 70 countries. The success of H&M has resulted in the Persson family being one of the wealthiest in the world, with Stefan Persson taking the reins from his father in the 1980s.
Aside from his stake in H&M, Stefan Persson also has investments in real estate and other companies. He is known for being a private individual, with very little known about his personal life.
While the wealth of individuals like Stefan Persson is impressive, it’s important to note that Sweden is also known for its high taxes and social welfare system. In fact, the Swedish government has taken steps in recent years to increase taxes on the wealthy in an effort to reduce income inequality.
Overall, the story of Stefan Persson and his wealth is a testament to the success of H&M and the impact it has had on the fashion industry. Despite the challenges of the pandemic and changing consumer behavior, H&M remains a global leader in the retail space, and Stefan Persson’s wealth is a reflection of that success.