Eric Persson is a Swedish entrepreneur and investor who is best known for founding the clothing company H&M. He is also the founder of the investment company Kinnevik AB, which has investments in various industries including media, telecommunications, and technology. As one of the wealthiest people in Sweden, Eric Persson has made a name for himself in the business world. Read on to learn more about his age, height, net worth, and biography.
Eric Persson: Age and Height
Eric Persson was born on May 20, 1930, in Stockholm, Sweden. He is currently 90 years old. As for his height, Eric Persson stands at 6 feet (183 cm).
Eric Persson: Net Worth
Eric Persson has an estimated net worth of $10 billion, making him one of the wealthiest people in Sweden. His wealth is largely attributed to his investments in Kinnevik AB, as well as his success in founding H&M.
Eric Persson: Biography
Eric Persson was born in Stockholm, Sweden, in 1930. He attended Uppsala University, where he earned a degree in economics. After graduating, he began his career in the retail industry by working in his family’s store, which sold clothing and other items. After a few years, he decided to open his own store in 1947, which he named Hennes (meaning “hers” in Swedish). He then opened a second store in 1952, which he named Mauritz (meaning “his” in Swedish). In 1968, he merged the two stores and renamed the business Hennes & Mauritz, or H&M.
H&M quickly became one of the most successful clothing companies in the world, and Persson was able to use his success to launch his own investment company, Kinnevik AB, in 1976. The company has since invested in various industries, including media, telecommunications, and technology.
Eric Persson has been an influential figure in the business world for decades. With an estimated net worth of $10 billion, he has established himself as one of the wealthiest people in Sweden. His success in founding H&M and investing in Kinnevik AB has helped him to achieve such impressive wealth.
