Stefan Persson

Nearly all his fortune comes from the family's 38% equity stake in H&M, founded by his father, Erling, in 1947. Chairman of global apparel retailer Hennes & Mauritz Stefan Persson has lately been making news for his high profile real estate investments. Buying blocks in Paris, the retailer continues its international expansion as it has now more than 2,500 stores in 45 countries. Stefan Persson also holds a non profit Mentor Foundation helping the youth.