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Fourteen Swedes make Forbes billionaire list

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Fourteen Swedes make Forbes billionaire list
10:18 CET+01:00
H&M owner Stefan Persson was the highest placed Swede on the Forbes billionaire list published on Tuesday, with 13 other Swedes possessing a fortune large enough to join him in the elite club.

Stefan Persson came in at number twelve in the 2013 Forbes rankings, down four places from last year, with an estimated fortune of around $28 billion.

The 65-year-old's fortune rose by $2 billion since 2012. Forbes noted that Persson had been busy lately with his high profile real estate investments.

In March, he snapped up a whole city block in Paris to go with a previous purchase of an entire village in Hampshire, England. Nearly all of his fortune comes from his family's 38 percent equity stake in Swedish clothing giant H&M.

The only other Swede to sneak inside the top 100 list was 86-year-old Hans Rausing of TetraPak fame, who boasted a wealth of $11 billion.

Despite a gain of roughly $1 billion to his name, Rausing dropped six places on the list to 94th.

Rausing's private life took a heavy hit last year when his daughter-in-law was found dead in her London apartment of a drug overdose.

Birgit Rausing, who ranked 50th last year, did not feature in the 2013 list as she passed on her fortune to her three children Jorn, Kirsten, and Finn, all of whom are new entrants on the list.

Ikea founder Ingvar Kamprad, who placed as high as 11th back in 2010, dropped even further this year to 412th place with an estimated fortune of $3.2 billion.

Kamprad's drop comes after his financial stake in Ikea was taken out of his control and put into a tax haven in Lichtenstein. Forbes noted that the 86-year-old Swede has "historically shown little interest in the trappings of wealth anyway".

Other Swedes featured on the list include Antonia Johnsson at 118 with a fortune estimated at $9.2 billion.

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

Also appearing on the list are Fredrik Lundberg, head of L.E Lundberg Företagen; Melker Schorling, the chairman of Melker Schorling AB; security industry mogul Gustaf Douglas, as well as hedge fund operator Thomas Sandell.

Self-made education billionaire Bertil Hult featured for the second year in a row, coming in at 316th place, and 7th among the Swedes.

Topping the list as the world's overall richest person for the fourth year running is Carlos Slim Helu of Mexico, worth an estimated $73 billion, followed by IT mogul Bill Gates with $67 billion.

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