Karl-Johan Persson
Stockholm, Sweden
Bachelor of Arts/Science, London Business School
Sweden
H&M
$1,700,000,000
1605
#1605 Billionaires 2019
Karl-Johan Persson, CEO of H&M, is the third generation of his family to head up fast fashion favorite.He took the reins from his father, billionaire Stefan Persson, in 2009.Karl-Johan's grandfather, Erling Persson, founded H&M in 1947.The company has since grown into a global retail power house with more than 4,400 stores in 66 countries.Persson's sister Charlotte Söderström, brother Tom Persson, and aunt Lottie Tham, are also billionaires.
Crown princess Victoria is the godmother to one of his children.Karl-Johan is an active investor in unlisted Nordic tech companies, including online food grocer MatHem.se.
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