Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Wallenberg Family Built a Swedish Business Empire
In this episode of Family Business Stories with Fexingo, Lucas and Luna explore the Wallenberg family of Sweden — a dynasty that has controlled companies like Ericsson, AstraZeneca, ABB, and Saab for over 160 years. They focus on how the family used a unique ownership structure — the Wallenberg Foundations — to maintain control without a single fortune being diluted. Lucas breaks down how the foundation model works, why it has survived multiple wars and economic crises, and how the fifth generation is managing the portfolio today. Luna challenges whether the foundation structure is truly…
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