Charlotte Soderstrom Biography & Net Worth

Charlotte Soderstrom Biography & Net Worth

Charlotte Soderstrom is a Swedish billionaire entrepreneur. Perhaps, she is best recognized as an heiress of Hennes & Mauritz, a fashion company that was founded by her late grandfather Erling Persson in 1947. She is famous in finance registers as one of the world’s living billionaires. According to a list published by Forbes magazine in 2016, Charlotte was ranked number 722 richest person on the planet with a net worth of $2.4 billion. It shouldn’t be a wonder when you learn that her fortune has increased since that time after she continued to work hard in the family business, and branched out to make several key investments that all serve as her streams of income today.

Early Life: Childhood, Family

Charlotte (Söderström) was born and brought up in Sweden. She was born Charlotte Persson in 1977 as the daughter of Pamela Collett and Stefan Persson.

Her aunt Lottie Tham, and brothers Tom Persson and Karl-Johan Persson, are billionaires.

Professional Life: Business Career

Charlotte is a billionaire, just like the rest of her family members. She is an inheritor of the fashion company Hennes & Mauritz (Simply known as H&M).

The Hennes & Mauritz fashion company was founded in the year 1947 by her grandfather, Erling Persson in 1947.

Asides from working with Hennes & Mauritz sponsorships, Ms. Charlotte also runs a stud farm.

Charlotte works part-time for Hennes & Mauritz and occupies a seat on the boards for several real estate firms that her father owns.

She is also a member of the Erling Persson Family Foundation which contributes to diabetes research.

About the Company

H&M is a Swedish international clothing retail company known for its fast-fashion clothing for all classes of people; men, women, teenagers, and children. As of September 2021, H&M operates in 70+ countries with more than 6,000 stores running under the various company brands, with about 130,000 full-time equivalent positions. It is the second-largest clothing retailer in the world, behind Spain-based Inditex (holding company of Zara).

H&M was established by Swedish businessman Erling Persson and is currently run by his son Stefan Persson and Swedish business executive Helena Helmersson. The company makes its e-commerce shopping available in 33 countries across the globe.

Personal Life: Husband, Children

The billionaire businesswoman, Charlotte Soderstrom is a married woman and proud mother. She has been bounded in the union of matrimony with her husband, Mr. P. Soderstrom for a couple of years now and so far, they appear to be enjoying their marriage without any distractions or negative rumors suggesting otherwise. They are the parents of three kids, and the entire family resides in Stockholm, Sweden.

Charlotte Soderstrom Net Worth: Salary, Income Sources

The 44 years old Swedish businesswoman who was born in Sweden in 1977 is the daughter of Swedish billionaire Stefan Persson, who is currently recognized as the richest person of Swedish origin.

Charlotte Soderstrom’s net worth is approximately $3.1 billion. She is a member of the Swedish family who has amassed a fortune from the fashion enterprise Hennes & Mauritz (or H&M). Her grandfather, Erling Persson founded H&M in 1947.

Charlotte runs a stud farm in addition to her work at Hennes & Mauritz. Her brother Karl-Johan Persson is the president and chief executive officer of Hennes & Mauritz.