Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Wallenberg Family Foundation Keeps Control Across Generations
The Wallenberg family of Sweden has controlled companies like SKF, Ericsson, and Atlas Copco for over a century, not through majority ownership but through a foundation structure. This episode breaks down how the Wallenberg foundations own voting shares in a holding company, Investor AB, which in turn holds stakes in dozens of global firms. Lucas and Luna explore the specific mechanics: how the foundation pays no dividend to family members, how it funds research and scholarships, and why this structure has survived two world wars, multiple financial crises, and the transition from industrial…
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