Stefan Persson, largest owner of fashion clothing group H&M, slam-dunked an all-time-high in capital income last year.

Swedish billionaire Stefan Persson, the son of Erling Persson who founded the fashion company Hennes & Mauritz in 1947, has every reason to celebrate as income tax returns have been passed. Last year his capital income totaled 2.648.227.688 kronor (€257 million, $384 million). That’s a new Swedish record, business daily Dagens Industri writes.

According to Forbes Magazine, Stefan Persson was worth $18.4 billion in 2007, and $14.5 billion in 2008, making him the second richest man in Sweden and the 18th richest person in the world.

This year the fashion company, with Stefan Persson’s son Karl-Johan as new chief executive officer, has performed surprisingly well with increased sales, new stores and a stock share price sniffing on new records.

Leif Johansson, head of Gothenburg-based truck maker Volvo Group, was paid Sweden’s highest salary last year, 35.5 million kronor, which is more than twice as much as he was paid in 2007.

Banker and businessman Marcus Wallenberg nicked second place in the salary league, followed by former CEO of Tele2 Lars-Johan Jarnheimer and former CEO of compressor and machinery maker Atlas Copco Gunnar Brock.

Ericsson’s CEO Carl-Henric Svanberg, who is leaving to become chairman of the world’s third largest global energy company BP, was paid 21 million kronor by his employer last year and made 7.8 million kronor in capital income.