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Wallenberg family

Wallenberg family
Business family
Andre
Wallenberg
Marcus Wallenberg II
Peter
Wallenberg II
Current regionStockholm County, Sweden
Founded
  • Marriage of Per Hansson
    1692, Sweden
  • 332 years ago
FounderPer Hansson
Motto"Esse, non Videri"

The Wallenberg family is a prominent Swedish family renowned as bankers, industrialists, politicians, bureaucrats and diplomats, present in most large Swedish industrial groups, like EQT AB, Ericsson, Electrolux, ABB, SAS Group, SKF, Atlas Copco, Saab AB, and more. 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.[1]

The most famous of the Wallenberg family, Raoul Wallenberg, a diplomat, worked in Budapest, Hungary, during World War II to rescue Jews from the Holocaust. Between July and December 1944, he issued protective passports and housed Jews, saving tens of thousands of Jewish lives.[2] Their flagship company, Investor AB, has a market capitalization of around $60 billion.[3] The family is also heavily involved in philanthropy through the Wallenberg foundations, especially the Knut and Alice Wallenberg Foundation.

  1. ^ "A Nordic pyramid". The Economist. Retrieved 10 June 2017.
  2. ^ "Yad Vashem database". Yad Vashem. Archived from the original on 7 February 2007. Retrieved 12 February 2007. who saved the lives of tens of thousands of Jews in Budapest during World War II ... and put some 15,000 Jews into 32 safe houses.
  3. ^ Burja, Samo (4 May 2022). "The Family That Finances Sweden". Medium. Retrieved 9 October 2023.

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