Published on March 22 2014
Anders Holch Povlsen Net Worth $5 Billion
Native to Denmark, Anders Holch Povlsen accumulated most of his net worth through his family’s company. His family works in fashion marketing and sales. When he was only 28 years old, Anders Holch Povlsen became the CEO and owner of Bestseller. This business sells clothes and accessories in Asia, the Middle East, North America and Europe.
Altogether, Bestseller operates a total of 46 stores. Select brand names like ONLY, Vera Moda and Name It are produced by the company. Bestseller first started in 1975 when Anders' mother and father opened their first storefront. Although his parents have stepped back from day-to-day operations, his mother is still the chairman of the board and his father is a member of the board of directors.
Through Bestseller Fashion Group China, Anders Holch Povlsen sells his clothing line in more than 5,000 stores in China. Outside of the business world, Povlsen runs the philanthropic group, Wildland. This organization seeks to protect lands throughout Romania and Scotland.
With this in mind, he has purchased land in the Romanian Carpathian Mountains and the Scottish Highlands in an effort to preserve some of the most beautiful and wild parts of Europe. Altogether, he reportedly owns a total of 120,000 acres. In addition, he possesses a total net worth that is estimated to be at $5 billion.