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This article directly results from the research process for our Scandinavian Family Office database. This list includes the main family investment vehicles of some of the wealthiest people from Denmark, Finland, Norway and Sweden, investing in areas as diverse as financial markets, real estate, venture capital, private equity, and renewable energy.
The Swedish billionaire and businessman
Stefan Persson is Sweden’s richest man, thanks to his 36% stake in global cheap chic fashion retailer Hennes & Mauritz (H&M). H&M was founded by his father Erling Persson in 1947. Stefan Persson Persson took over H&M from his father in 1982 and was chairman until 2020. He was succeeded by his son, Karl-Johann Persson the same year. In 2023, the fashion company had a turnover of 20.3 billion euros and employed more than 100,000 people. Thanks to the company’s success, Persson has amassed a fortune of $17.2 billion. He manages his wealth through various vehicles. In addition to his stake in H&M, he owns a significant stake in Swedish technology company Hexagon AB.
The investment focus of the Stefan Persson family office
In addition to his involvement in the fashion industry, Persson and his family own a private family office called Ramsbury Invest AB. Ramsbury Invest mainly manages the Perssons’ holdings in their family businesses. In 2024, it increased its stake in H&M by 6.6 million shares. The Persson family office also invests in equities, securities and real estate. Ramsbury owns a large number of properties in London, Paris and Stockholm. In December 2019, the family office participated in a funding round for the Norrsken Foundation, which invests in companies with social impact. In December 2024, Ramsbury was an investor in Apotea’s IPO and now owns nearly 3% of the pharmaceutical company.
Picture Source: Juan Di Nella via Unsplash
Last Updated on December 7, 2024
