10 Surprising Things You Didn’t Know About Anders Holch Povlsen

Anders Holch Povlsen is a well-known figure in the world of business, being the owner of the international clothing retail company, Bestseller. A self-made billionaire and one of Denmark’s wealthiest people, Povlsen’s extraordinary life and career are often in the spotlight. But the enigmatic retail magnate manages to keep many aspects of his intriguing life under the radar. Here is a deep dive into ten exciting facts you probably didn’t know about Anders Holch Povlsen.

1. A Self-Made Billionaire

A common misperception about Anders Holch Povlsen is that he’s just another old money tycoon. However, he worked his way up the corporate ladder, gradually developing Bestseller into one of the leading retail companies in the market. The business initially started as a family venture, founded by his parents, Troels Holch Povlsen and Merete Bech Povlsen.

He took over the business at the young age of 28, after learning the ropes from his father, and under his capable leadership, Bestseller became a global icon. Today, the company features popular brands including Jack & Jones, Vero Moda, ONLY, and more.

2. Unparalleled Growth

Since taking over as CEO of Bestseller, Anders Holch Povlsen has taken the company to unprecedented heights. Despite inheriting an already successful business, Povlsen managed to quadruple its net worth under his stewardship.

A testament to his exceptional business acumen, Bestseller now operates over 2700 branded chain stores in 70 countries worldwide, raking in billions every year.

3. Owner of ASOS and Zalando

Povlsen’s business empire does not end with Bestseller. In 2012, he made a significant move in the digital retail sector by investing in ASOS, a leading online fashion and cosmetic retailer.

Today, he is the largest stakeholder in the company, holding over 26% of its shares. Additionally, he also holds a 10% stake in the German e-commerce company, Zalando.

4. Scottish Land Baron

Besides his impressive retail empire, Povlsen is also known for his vast property holdings. Notably, he is the largest private landowner in Scotland, owning more than 220,000 acres.

His Scottish estates include the Glenfeshie Estate in the Cairngorms and Aldourie Castle on the shores of Loch Ness. He reportedly plans to rewild these lands, restoring them to their natural state.

5. Environmental Conservation

Povlsen is remarkably passionate about environmental conservation. He and his wife are heavily invested in the rewilding process for their vast Scottish estates, aiming to protect endangered species and restoring the natural ecosystem.

This commitment to the environment is also reflected in his business ventures, with Bestseller being heavily involved in sustainability initiatives.

6. Personal Tragedy

In spite of his immense success, Povlsen has also faced heart-wrenching personal tragedy. In 2019, he lost three of his children, Alma, Agnes, and Alfred, in the Sri Lanka Easter bombings.

The family was on holiday in Sri Lanka when the bombings occurred at several high-end hotels and churches around the country. Povlsen and his wife, Anne Storm Pedersen, survived the incident along with their youngest child, Astrid.

7. Private Life

Despite being one of the wealthiest men in the world, Povlsen prefers to keep his life away from the limelight. He maintains a low-key profile and keeps his personal life relatively private.

The billionaire is married to Anne Storm Pedersen, who he met when she started working for Bestseller. The couple has since become a strong business parternship alongside their married life.

8. Future Plans for His Fortune

Povlsen and his wife have distinctive plans for their amassed fortune— they intend to leave much of it to charitable causes, especially those related to environmental conservation.

The couple believes in leaving a legacy that goes beyond business success. They aim to pass on a healthier world to future generations by sponsoring projects dedicated to rewilding and ecological restoration.

9. Thought Leadership

Besides being a passionate environmentalist, Povlsen is also recognized for his growth mindset and positive influence in the retail industry.

Known for his innovative approach to business, Povlsen has moulded ASOS’s customer-driven culture and placed Bestseller on a high-growth trajectory. His vision has revolutionized the way fashion is sold and delivered, winning him admiration and respect in the industry.

10. Named As Denmark’s Richest Person

Povlsen’s exceptional acumen and sustained success in the retail industry have made him the richest person in Denmark. According to Forbes, his net worth is estimated to be around $11.8 billion.

He has not let his wealth define him, however, staying grounded and dedicated to his work, his family, and his environmental causes.

For more information on Anders Holch Povlsen, you might find these links useful:

Bestseller Official Website

ASOS Official Website

Anders Holch Povlsen on Forbes