Stefan Persson and family, the controlling owners of H&M, are the richest in Sweden on our numbers, at about $18.6 billion in October 2026. This list ranks Sweden’s biggest fortunes using shareholdings where a company is listed and dated reported figures elsewhere. See also our lists of the richest people in Thailand and the richest people in Norway.
| Rank | Name | Wealth |
|---|---|---|
| 1 | Stefan Persson and family | about $18.6 billion |
| 2 | Kirsten and Jörn Rausing | £13 billion (joint, 2021) |
| 3 | Martin Lorentzon | about $11.1 billion |
| 4 | Antonia Ax:son Johnson | $10.2 billion (April 2024) |
| 5 | Daniel Ek | about $7 billion |
| 6 | Bertil Hult | $5 billion (March 2015) |
1. Stefan Persson and family: about $18.6 billion
The Persson family controls H&M, the clothing retailer founded by Stefan’s father. Through Ramsbury Invest it holds all 194,400,000 class A shares and 823,913,243 class B shares, plus 36,400,289 shares privately, as of November 30, 2025.
Basis: those 1,054,713,532 shares times the October 26, 2026 B-share close of 175.25 kronor, at 9.9429 kronor to the dollar. The family has bought more shares since.
2. Kirsten and Jörn Rausing: £13 billion (joint, 2021)
The Rausing family owns Tetra Laval, the Tetra Pak group founded by their grandfather Ruben Rausing. With their brother Finn, they hold a 20% stake in International Flavors & Fragrances.
Basis: a 2021 joint estimate of £13 billion for Kirsten and Jörn, kept with its year, and not converted.
3. Martin Lorentzon: about $11.1 billion
Martin Lorentzon co-founded Spotify with Daniel Ek in 2006. He is reported to own 19,050,367 Spotify ordinary shares at the end of 2025.
Basis: 19.05 million shares times the October 23, 2026 close of $584.22. The share count comes from a summary of Spotify’s annual filing and is not directly confirmed.
4. Antonia Ax:son Johnson: $10.2 billion (April 2024)
Antonia Ax:son Johnson is the head of the Axel Johnson Group, a family-owned company founded in the 1800s.
Approach: the April 2024 estimate, kept with its year.
5. Daniel Ek: about $7 billion
Daniel Ek is the founder and executive chairman of Spotify and stepped down as CEO at the end of 2025. Of the about 28.6 million shares reported under his control, about 16.6 million are Tencent-linked shares that he votes by proxy.
Basis: about 12 million shares he owns directly, times $584.22. The split between owned and proxy shares comes from secondary summaries of the filing.
6. Bertil Hult: $5 billion (March 2015)
Bertil Hult founded EF Education First in 1965, a language-travel company with more than 40,000 employees in 53 countries. EF is wholly owned by him and his family.
Reading: the 2015 estimate, kept with its year, since EF is private.
Special mentions
Hans Rausing (died 2019) and Melker Schörling (1947 to 2023) appeared in earlier editions but are no longer ranked.
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Who is the richest person in Sweden?
Stefan Persson and family, with an H&M stake worth about $18.6 billion on our numbers.
How much of H&M do the Perssons own?
65.7% of the shares and 83.7% of the votes as of November 30, 2025.
Who owns Spotify?
Martin Lorentzon and Daniel Ek are the founders; Lorentzon is reported at about $11.1 billion and Ek at about $7 billion.
Why are some figures old?
Private companies, like EF and Axel Johnson, do not report values, so we keep the latest figure with its date.
Who from 2014 is missing?
Hans Rausing died in 2019, and Melker Schörling died in 2023, so they are no longer ranked.
How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
For this list we used company reports for share counts, dated closing prices, and exchange rates, and reported figures for private companies.
Last updated: October 2026.
