The Entrepreneurs of the Decade: 2000 to 2009

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Stefan Persson of H&M

Beginning with the launch of a flagship Manhattan store in March of 2000, the chairman of H&M embarked on a decade of rapid international expansion en route to an $18 billion fortune. His company combined a flair for PR (Karl Lagerfeld, Stella McCartney, and Sonia Rykiel) with an innovative business model (low margins, high volumes, and fast inventory turns). Plus, we're suckers for a family business saga that turns out well: Persson, who inherited H&M from his father in 1989, turned over the reins to his son, Karl-Johan, earlier this year.