Businesspersons
Stefan Persson Net Worth
Stefan Persson's Net Worth as of 2024
$30.2 Billion
Carl Stefan Eling Persson was born on 4 October 1947, in Stockholm, Sweden, and is a Swedish business magnate, best known as the chairmain and former CEO of fashion company Hennes & Mauritz (H&M).
So just how rich is Stefan Persson? According to Forbes magazine, in 2015 Persson’s net worth is $23.5 billion, making him the richest person in Sweden and the 28th richest person in the world. Persson has accumulated most of his net worth through Hennes & Mauritz (H&M), a fashion clothing company started by his father Erling Persson in 1947 when he founded the first Hennes store.
Stefan Persson Net Worth $23.5 Billion
In 1965 the company bought a clothing retainer Mauritz. This eventually resulted in the creation of Hennes & Mauritz that was opened in 1974. In 1982, Stefan Persson took over the company from Erling Persson and became the chief executive of H&M until 1998, when his son Karl-Johan Persson replaced him. The H&M has generally been a huge success, with stock 40% up since its opening allowing for inflation. Today, H&M employs approximately 76,000 people in 2,200 working places. The company now has stores in 37 countries and generates roughly $16 billion in sales per annum.
Stefan Persson is known to run the company in a very frugal and meticulous manner, e.g. only several executives are priviledged to have company mobile phones. However, in this way, Stefan Persson was able to convert H&M into a worldwide multibillion company. Despite its success, the company has suffered somewhat from negative publicity as well, especially when poor working conditions in one of the factories in Cambodia were revealed. The complaints included poor ventilation system, exposure to chemical fumes, and malnutrition of the workers among other problems, causing public outrage. Unfortunately, since its establishment, the company had undergone more controversies. H&M is infamously known for using artists’ work on their products without giving them proper credit, which technically amounts to “art theft”. Yet, despite the negative publicity, the company remains financially profitable and popular among its customers.
In addition to owning H&M, Stefan Persson has stakes in Hexagon AB, a Swedish technology company. Persson actively participates in charity and is one of the founders of the Mentor Foundation, a non-government organization that helps prevent substance abuse and drug use among young people. Persson also supports Djurgårdens IF, an association football club in Stockholm, and co-funds the foundation for the club.
The multibillionaire also apparently enjoys buying property. In 2009, Persson acquired an entire 21-cottage village in Linkenholt, Hampshire UK with 2,000 acres around it for $40 million. Additionally, Stefan Persson owns private land in Wiltshire with 8,500 acres surrounding it that he bought for $15 million, where he hosts pheasant and partridge hunts. Persson also purchased an entire block in Parisnear the Champs Elysee for approximately $219 million. Additionally he owns various other properties in London, Stockholm and Rome.
In his personal life, Stefan Persson currently lives in Stockholm, Sweden, with his wife Carolyn Denise Persson. The couple have three children, all of whom are billionaires; Karl-Johan is now the CEO of H & M.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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