Age: 59
Fortune: Inherited and growing
Source: Hennes & Mauritz
Net Worth: $18.4 bil
Country Of Citizenship: Sweden
Residence: Stockholm , Sweden, Europe & Russia
Industry: Retailing
Marital Status: Married, 3 children
Education: University of Stockholm, Associate in Arts / Science
Has run Swedish retailer Hennes & Mauritz, founded by his father, for 25 years. The hip clothing chain now has 1,300 stores in 24 countries. It plans to open its first stores in Hong Kong and Shanghai in 2007. Member of the board of the Mentor Foundation, which fights youth substance abuse and whose trustees include the Queen of Sweden and Queen Noor of Jordan. Enjoys downhill skiing, tennis and golf.
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