Curious to know Eric Persson net worth? Well, this article is for you as we will discuss how he translates his hard work into his bank account. He is a Swedish entrepreneur and investor, the founder and CEO of H&M, a famous retail group, and the founder of Persson Ventures, a venture capital firm, who has a net worth of $500 million. Eric is also a major startup investor and supports the arts and education. He is also famous for his charity work and luxurious lifestyle.
Quick Facts
Name | Eric Persson |
Full Name | Eric Hans Persson |
Nickname | Eric Persson |
Material Status | Married |
Net Worth | $500 Million |
Date Of Birth | 1975 |
Age | 47–48 |
Height | 5 feet 11 inches |
Weight | 75 Pounds |
Hair Color | Bald |
Eye Color | Blue |
Birth Place | Stockholm, Sweden |
Wife | Ann |
Profession | Businessman |
Nationality | American |
Religion | Jewish |
Children | 4 |
Education | University of Nevada, Las Vegas (BA) Georgetown University Law Center (JD) |
Hobbies Up | Swimming and playing |
Net worth
Eric Persson net worth is estimated at $500 million. He earned $2 billion due to his ownership of shares in NetEnt. He also owns Maverick Gaming, a $1 billion company expanding its presence in the casino industry. Maverick Gaming aims to become a $5 billion enterprise in five years. He is also famous for his charity, particularly his support of the arts and education.
Source of Income
Swedish businessman and entrepreneur Eric Persson is the CEO of Mojang and a co-founder of the well-known video game Minecraft. He has participated in many other enterprises. Additionally, he founded the software firm Mojang. He director for some businesses and institutions, including the Swedish Association of Engineers and the Swedish Technology Council.
Controversies
Maverick Gaming, led by Persson, filed a lawsuit against state and federal authorities in January 2022 to challenge tribal interests’ monopoly on sports betting. The dispute stems from Persson’s ambition to turn his company into a $5 billion enterprise, which has led to tensions with tribal interests in Washington state. The standoff is drive by tribal groups’ influence and $2.8 billion in net gambling receipts. Persson’s high-stakes poker incident also drew attention.
Donations
Eric and his wife are famous for their charitable work, especially in the field of education. In order to build a center for the research of artificial intelligence, they gave $5 million to the University of California, Berkeley, in 2016. In their hometown of Sweden, The Persons also support a number of educational activities. The prosperous and well-known couple Eric and Ann Persson have significantly impacted the technology sector and society.
He has given the World Wildlife Fund and the United Nations Children’s Fund, among other charities and organizations, more than $100 million. Additionally, he actively invests in tech businesses; his venture capital firm, Persson Ventures, has made several fruitful bets.
Early life
Eric Persson was born in Stockholm, Sweden in 1975. He was raised in a small town. At a very young age, he discovered his love for poker. His father Erling Persson established the retail business H&M in 1947. Eric took over the company after his father passed away in 1982 and has since turned it into a multi-billion dollar company with more than 4,000 outlets globally.
Career
Persson co-founded NetEnt, a well-known supplier of online gambling software, which helped him amass a net worth of over $500 million. With increasing commercial acumen, he increased the size of his portfolio under Maverick Gaming by purchasing smaller to medium-sized casinos with EBITDA between $2 and $30 million. Maverick Gaming has accumulated 31 gaming establishments in Nevada, Colorado, and Washington by April 2023.
He was awarded the Ernst & Young Entrepreneur of the Year award in 2007 Persson has also served as Chairman of the Board for Mr. Green Ltd and an investor in Scout Gaming Group. He has been recognized for his exceptional leadership skills and entrepreneurial spirit and has served as a board member for several charitable organizations.
From 2012 to 2018, during which time Mr. Green Ltd, a Swedish online casino firm, had tremendous development and success, he presided as the board’s chairman. Additionally, he also invested in many other Swedish IT businesses.
Accomplishments
He was recognized as one of Sweden’s top gaming industry influencers in 2016 by the publication Resume. As a board member for various charity organizations, he has received recognition for his efforts in the community.
Family
His father’s name was Erling Persson he was also a businessman. Eric was lucky to have financial stability since his childhood. His father passed away in 1982.
He is married to Ann Persson, a member of the IT community. The couple has four kids together and has been married for a long time. He resides in the Las Vegas region with his wife and sons. He has two daughters from a previous marriage who reside in Miami.
Assets
Eric Persson, a successful entrepreneur, investor, and philanthropist, is famous for his luxurious lifestyle and extensive collection of rare cars including Bentley and Spyker. Eric Persson net worth helps him to travel anywhere he wants. He is also a passionate sports and arts enthusiast.
Conclusion
In conclusion, Eric Persson is a wealthy businessman and entrepreneur from Sweden. Eric person net worth is estimated at $500 million. He is the CEO of Mojang and a co-founder of the well-known video game Minecraft. He has made investments in several additional businesses and a range of sectors. In addition to being a philanthropist and lover of the arts, he is a passionate innovator and problem-solver. His commitment to poker paid off over time, enabling him to play at higher levels and finally turning him into a professional player.
FAQS
Is Eric Persson a lawyer?
He graduated from the University of Nevada, Las Vegas with a Bachelor of Arts degree in Sociology, Criminal Justice, Psychology, Political Science, and Government in 1998 and a Juris Doctor degree in 2001.
Is Eric Persson good at poker?
Persson, an 18-year-old cash game player, reportedly uses poker profits to pay for his education. Persson has played live-streamed and broadcast poker for millions of dollars.
How did Persson make his money?
After selling 15 million copies across gaming platforms, Markus “Notch” Persson sold the rights to Minecraft to Microsoft in 2014 for $2.5 billion cash.
What is the net worth of Eric Persson?
Eric Person net worth is estimated at $500 million.