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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 is the main owner of H&M. According to Forbes magazine, Persson is worth $12,300,000,000 in 2006, making him the the richest man in Sweden and the 32nd richest person in the world. He currently lives in Stockholm, Sweden.
 
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