Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Wallenberg Family Built a 150-Year Industrial Empire
The Wallenberg family of Sweden has controlled a sprawling industrial empire for over a century and a half, yet they remain remarkably under the radar. This episode explores how their unique ownership structure—combining a powerful family foundation, dual-class shares, and a culture of long-term stewardship—allowed them to hold sway over companies like Atlas Copco, SKF, Ericsson, and AstraZeneca without ever seeking the spotlight. We dive into the origins with André Oscar Wallenberg, the founding of Stockholms Enskilda Bank, the creation of Investor AB, and how the family navigated wars…
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