Stefan Persson (magnate)

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Stefan Persson is the son of Erling Persson who founded the Swedish fashion company Hennes & Mauritz (H&M). Since 1982, Stefan has been the main owner of H&M. According to Forbes magazine, Persson is worth $12.3 billion in 2006, making him the second richest man in Sweden and the 32nd richest person in the world. He lives in Stockholm, Sweden.

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