https://en.wikipedia.org/wiki/Wallenberg_family
A documentary that aired on Swedish TV in 2006, a commissioned work, which scratches on the mere surface on the Wallenbergs.
The Wallenberg family are a prominent Swedish family, Europe's most powerful business family and business dynasties.[2][3][4] Wallenbergs are noted as bankers, industrialists, politicians, bureaucrats, and diplomats. The Wallenberg sphere's holdings employ about 600,000 people and have sales of $154 billion a year.[5] The Wallenberg empire consists of 16 Wallenberg Foundations, Foundation Asset Management AB (FAM), Investor AB, Patricia Industries and Wallenberg Investments AB.
The Wallenbergs control most large Swedish and other European industrial groups, such as world leading telecommunication multinational Ericsson; Scandinavian and Baltic bank giant Skandinaviska Enskilda Banken; one of the world's largest paper and pulp and multinationals Stora Enso, (which is world's oldest limited liability company); world's second-largest stock exchange Nasdaq, Inc.;[6] global leader in smart technologies and complete lifecycle solutions for marine and energy markets Wärtsilä; world's second-largest appliance maker Electrolux; one of the world's largest power, automation and robotics multinationals ABB; one of Europe's largest aerospace and arms manufacturers SAAB; Scandinavian airliner SAS Group; world's largest ball-bearing company SKF; manufacturer of compressors, vacuum and air treatment systems, construction and mining equipment, power tools and assembly systems Atlas Copco; Europe's fourth largest pharmaceutical multinational AstraZeneca;[7] outdoor power products, consumer watering products, cutting equipment and diamond tools manufacturer Husqvarna; mining and infrastructure business company Epiroc; investment conglomerate Investor AB; the Grand Group hotel; BraunAbility; world's largest powdered metal company Höganäs AB; IPCO; Laborie Medical Technologies Inc.; investment firm with portfolio companies in Europe, Asia and the USA EQT Partners; Nefab; one of the largest wheelchair manufacturers in the world, Permobil; Piab; Sarnova; 3 Scandinavia; Kopparfors Skogar; one of largest mills in the world Hylte Bruk AB,;[8] Munters; digital mailbox Kivra; Glo, which develops nanotubes for LED; QuNaNo and SolVoltics; AMEXCI design, certification and education in additive manufacturing, Combient development programs for industrial digitisation; Peltarion which develops platforms for AI applications; Cinder Invest; SEEQC; investment company for startups 82an Start Ups; reinsurance company Asia Capital Reinsurance Group Pte Ltd, etc. Former holdings include, among others, fifth-largest truck manufacturer in the world Scania AB,[9] Saab Automobile and Sobi.
In the 1970s, the Wallenberg family businesses employed 40% of Sweden's industrial workforce and represented 40% of the total worth of the Stockholm stock market.[10] By 2011, their conglomerate holding company, Investor AB, had an approximate ownership of 120 companies. Wallenbergs, through the Knut and Alice Wallenberg Foundation, allocate annually SEK 2 billion to science and research, which makes the Knut and Alice Wallenberg Foundation one of the largest private research foundations in Europe, and has, until 2020, awarded SEK 31.2 billion in grants.
Take the Wallenbergs', Sweden's first business family. They made their start in banking, with the Stockholm Enskilda Bank, founded in 1856 by André Oscar Wallenberg. From there they moved out into industry, founding or acquiring an array of the leading multinationals in their country: ASEA (ABB), Electrolux, Ericsson, Saab-Scania, SKF, Stora (Stora Enso). At the end of the 20th century, these firms made up some 40 percent of Sweden's capitalization on the exchange. The Wallenbergs' would not necessarily hold a large part of the stock of these firms, but typically they held most of the votes because they knew how to lend. For the British review the Economist, the Wallenbergs' are the outstanding European industrial dynasty, five generations of highly successful entrepreneurs. For their family historian David Bartal, they are a Japanese-style family, Europe's most powerful of its kind, more discreet than the Agnellis' and richer than the Rothschilds'. Add up the sales of all the companies in the Wallenberg empire at the close of the 20th century, and you will find that one had more than ninety billion dollars a year, ahead of British Petroleum, IBM or General Electrics. It was then Europe's largest private-sector employer by sales after Shell. But look for "Wallenberg Inc." you would be disappointed. Discretion above all.
— David S. Landes, Dynasties: Fortunes and Misfortunes, of the World's Great Family Businesses
