Troels Holch Povlsen

Troels Holch Povlsen (born 9 September 1949) is a Danish businessman, founder of the fashion chain Bestseller. Early life Troels Holch Povlsen was born on 9 September 1949 in Risskov, Aarhus. His father was a regional head of social services (socialinspektør). Career Povlsen and his wife Merete Bech Povlsen co-founded Bestseller in Ringkøbing, Denmark, in 1975. In 2002, he co-founded furniture store HAY with Mette and Rolf Hay. His son Anders Holch Povlsen inherited his parents' business, Bestseller, when he was 28 years old. He eventually became its CEO and sole owner. According to Forbes, Anders Holch Povlsen has a net worth of $4.6 billion, as of January 2015.