• Sweden edition
 
Eleven Swedes make Forbes billionaires list
H&M owner Stefan Persson

Eleven Swedes make Forbes billionaires list

Published: 08 Mar 2012 08:41 GMT+01:00
Updated: 08 Mar 2012 08:41 GMT+01:00

Persson came in at number 8 in the 2012 Forbes rankings (up five places from last year), with an estimated fortune of around $26 billion.

Since first being created by Erling Persson in 1947, the H&M clothing empire continues to expand internationally, having added new stores in Croatia, Singapore and Romania.

The company brought in designs from fashion houses Versace and Marni to its range this year, and now has 2,500 stores in 43 countries.

The Marni collection is set to hit Swedish stores on Thursday.

Persson, who took over the company in 1982, is a founder of the Mentor Foundation, a nonprofit that combats substance abuse among youth.

His sister Liselott Persson is the fifth highest-ranking Swede on the Forbes list, coming in at 304th place worldwide with an estimated fortune of $3.6 billion.

Packaging matriarch Birgit Rausing of TetraPak fame came in at number 50 with an estimated fortune of $14 billion, followed by brother-in-law Hans Rausing at number 88 with $10 billion.

Hans sold his part of the Tetra Laval packaging company to brother Gad Rausing in 1995.

In 1980 the company headquarters were moved to Switzerland and the Rausing family has long been based outside of the Swedish borders in an effort to escape the country's high taxes.

Ikea mogul Ingvar Kamprad, who was the highest ranking Swede in 2010, saw his standing among the global wealth elite drop precipitously.

The head of the flat pack furniture giant was ranked in 377th place, down from 162 last year, and 11th place in 2010. His estimated fortune was measured at a mere $3 billion after lawyers showed that Ikea is owned by a foundation in tax haven Lichtenstein, which Kamprad created and now heads.

The foundation receives royalties tax free on all sales that every Ikea store must pay to the parent company for the right to use the concept.

Among the rest of the Swedes featured on the list is Antonia Johnsson at 146 with a fortune estimated at $6.5 billion.

She heads the Axel Johnsson Group, which has interests in everything from energy to telecom and real estate.

Other Swedes appearing included Fredrik Lundberg, the head of L.E Lundberg Företagen, Melker Schorling, the chairman of Melker Schorling AB, and Security giant Gustaf Douglas, hedge fund operator Thomas Sandell.

Self-made education billionaire Bertil Hult was a new addition to the billionaires list this year, coming in at 377th place, and 6th place in Sweden.

The world’s overall richest person for the third year running is Carlos Slim Helu of Mexico, worth an estimated $69 billion, followed by IT mogul Bill Gates with $61 billion.

Facebook giant Mark Zuckerberg came in at 35th place, with an estimated fortune of $17.5 billion.

The list marked the 25th anniversary of Forbes World's Billionaires Ranking.

While Forbes ranks Kamprad at number 377, The Local reported on the Bloomberg Billionaires daily list on Tuesday, which listed Kamprad at 4th richest man in the world with an estimated worth of $40 billion.

Forbes and Bloomberg employ different methodologies in determining their estimations, with Forbes taking into account their billionaires direct net worth.

Forbes wrote in their review that it was due to Kamprad's transferal of his economic stake in Ikea to his philanthropic foundations, and then selling them the balance, that his net worth took such a dive this year.

Oliver Gee

Follow Oliver on Twitter here

The Local (news@thelocal.se)

Don't miss...X
Left Right

Your comments about this article

10:35 March 8, 2012 by Rishonim
Confusing articles. http://www.thelocal.se/39506/20120306/
10:53 March 8, 2012 by socioform
Please always add captions in the figures/pictures!
12:15 March 8, 2012 by si
You'd think with all that money he would be able to afford a new chin..
12:50 March 8, 2012 by bells on the knight
according to bloomberg kamprad is number 4 in the world
14:17 March 8, 2012 by refugee
it is not clear .. there is no figures .. lacks explanation
10:46 March 9, 2012 by CJ from Sunshine Desserts
Pity he can`t use some of his fortune to clean himself up a bit, he needs a work over from the "fab-5" big time ! His dress sense is appalling, and please get a haircut ! ditto HMK & Carl Phillip
13:55 March 9, 2012 by BritVik
Don't you just 'lerv' the way people have to get so damned personal in cases like this. Are they envious of anyone with money??
04:53 March 11, 2012 by JoeSwede
what about the swedish family that owns a large portion of the swedish stockmarket....
18:11 March 15, 2012 by Cyg
what about the swedish guy who hops off his private jet and lures women into his limo on the pretense of sharing a "cup of Johan?" I'm almost starting to think he's fictional
Today's headlines
Swedish nurse reported for patient 'death wave'

Swedish nurse reported for patient 'death wave'

A nurse in southern Sweden has been reported for abuse at a senior care centre after she allegedly waved to a colleague with the hand of a recently-dead resident. READ  

Pandas Plopp and Polly born in Swedish zoo
Plopp and Polly, the offspring of Pandora the panda. Photo: Kolmården

Pandas Plopp and Polly born in Swedish zoo

A pair of red panda cubs have been born in central Sweden, a wildlife park announced on Monday. READ  

Green Party ranked 'most gay friendly' in Sweden

Green Party ranked 'most gay friendly' in Sweden

The Green Party's views are 88.6 percent "LGBT-friendly", a Swedish LGBT rights group determined on Monday, making the Greens the most gay-friendly of all Sweden's parliamentary parties. READ  

Man held on suspicion of murdering wife
Police on the scene. Photo: Johan Nilsson/TT

Man held on suspicion of murdering wife

Updated: Police arrested a man in Copenhagen on the suspicion of killing his wife, whose body was found at the couple's home in southern Sweden during the weekend. READ  

Arlanda, Stockholm
Lightning bolt grounds flight to New York

Lightning bolt grounds flight to New York

Swedes bound for New York learned on Monday morning that their plane had been cancelled after it was hit by lightning during Sunday's thunderstorm. READ  

Elderly Swedish man stripped of his 35 cats

Elderly Swedish man stripped of his 35 cats

The County Administrative Board of Skåne has decided to confiscate the 35 cats of an 81-year-old man who was forbidden from having more than nine of the furry felines. READ  

Wild weather set to strike Sweden anew
Photo: TT

Wild weather set to strike Sweden anew

With Sunday's thunderstorm reported as the worst of the year so far, Sweden is bracing for round two on Monday as meteorologists predict more of the same. READ  

Swedish youth suicides hit 25-year high

Swedish youth suicides hit 25-year high

Last year 1,600 people in Sweden took their own lives - and for Swedes aged 15 to 24, the numbers haven't been so high since 1989. READ  

Floods replace Swedish heatwave
The Viking Lines ferry pictured was ripped away from the dock as a result of the storm. Per Gustavsson / TT

Floods replace Swedish heatwave

The Swedish summer was washed away on Sunday as thunderstorms caused chaos in Stockholm, including torrents of water flooding down stairways at metro stations. READ  

Gaza crisis delaying case of murdered child
Protesters gather in Malmö for a pro-Gaza demonstration on July 26th 2014. Stig-Åke Jönsson / TT

Gaza crisis delaying case of murdered child

The ongoing conflict in the middle east is delaying the investigation into the death of an 8-year-old girl who was found dead in Sweden in May. Meanwhile, over a 1,000 people attended a pro-Gaza march in Malmö. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Gallery
People-watching, June 26th - 28th. Get inside Stockholm's hottest nightclubs
Gallery
Top ten Swedish taboos
Society
Seven-year-old Swede cycles to Berlin
Politics
'Gaza conflict needs help, not empty rhetoric'
Society
Swedes voted 'most beautiful' in the Nordics
Blog updates

27 July

Approaching Stockholm (Around Sweden in a kayak) »

"I woke up in the comfort of my own little cabin on Eva and Rolf’s boat, it was 7:30am and I was feeling a bit groggy after a couple of beers with all the lovely locals the night before. The previous day had really taken its toll on my body and I was very stiff and..." READ »

 

24 July

Sharing our Pride: Celebrating Love & the LGBT Community! (Stockholm in my American Heart) »

"It’s mid- July in Stockholm, and with much of the city on vacation, things can seem a little quiet – the streets, the bus, and the grocery store. One thing that has not paused for a summer break, though, is preparation for Stockholm’s Pride Festival, which will take place from July 28 to August 2...." READ »

 
 
 
Business & Money
Sweden demands EU clarity on Bitcoin tax
National
Swedish organic sales enjoy 'amazing' growth
Photo: Johan Nilsson/TT
Society
What's On in Sweden
Gallery
People-watching July 23
National
Swedish cops elect not to shoot 'angry elks'
Business & Money
New alcohol retail rules threaten micro-breweries
Gallery
People-watching Båstad
Business & Money
Sweden falls to third in global innovation index
Society
Swedish ornithologists keep webcam watch
Photo: Andreas Nordström/Image Bank Sweden
Gallery
Top ten Swedish beach hot spots
Tech
Swedish Wiki vet sets new content record
Photo: Fastighetsbyrån
Lifestyle
In Pictures: The Local's Property of the Week
Photo: Finest.se
Gallery
People-watching July 15-16
Photo: Ola Ericson/Image Bank Sweden
Society
What's On in Sweden
Photo: Lisa Mikulski
National
Hope springs eternal for expat pet shop owner
Gallery
Princess Estelle steals limelight at mum's birthday
National
Swedes risk infants' lives by covering up prams
National
Swede runs for office just using Bitcoin funds
Sponsored Article
Introducing... Your finances in Stockholm
Sponsored Article
Introducing... Housing in Stockholm
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

738
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
AA-EUROPE.ORG/SWEDEN
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se