![]() ![]() The companies in the Wallenberg sphere include Swedish multinationals 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 multinationals Stora Enso (the world's oldest limited liability company) Nasdaq, Inc. ![]() ![]() In 2015, the family still owned a third of Sweden's entire stock exchange, and their net worth was estimated at €250 billion according to the Financial Times (or $278 billion according to CNBC). By 2011, their conglomerate holding company, Investor AB, had ownership of approximately 120 companies. 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 Exchange. The Wallenberg empire consists of 16 Wallenberg Foundations, Foundation Asset Management AB (FAM), Investor AB, Patricia Industries, and Wallenberg Investments AB. The Wallenberg sphere's holdings employ about 1 million people, and have sales of $154 billion a year. Wallenbergs are noted as bankers, industrialists, politicians, bureaucrats, diplomats, and military officials. The Wallenberg family is a prominent Swedish family, Europe's most powerful business dynasty. ![]()
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