Hennes & Mauritz (H&M) chairman Stefan Persson may be single-handedly propping up shares in the Swedish fashion retailer.

Sweden’s H&M cautioned that sales from its existing stores would continue to fall this year even as booming e-commerce should help lift earnings.

Mexico telecoms czar Carlos Slim topped the Forbes annual world’s richest list, holding the edge over Microsoft’s Bill Gates who continued to give away billions to charity.