The Wallenberg family are a prominent Swedish family, Europe's most powerful business dynasty.[2][3][4] Wallenbergs are noted as bankers, industrialists, politicians, bureaucrats, and diplomats. The Wallenberg sphere's holdings employ about 600,000 people and have sales of $154 billion a year.[5] The Wallenberg empire consists of 16 Wallenberg Foundations, Foundation Asset Management AB (FAM), Investor AB, Patricia Industries and Wallenberg Investments AB.
The Wallenbergs control many 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, (which is world's oldest limited liability company); world's second-largest stock exchange Nasdaq, Inc.;[6] global leader in smart technologies and complete lifecycle solutions for marine and energy markets Wärtsilä; world's second-largest appliance maker Electrolux; one of the world's largest power, automation and robotics multinationals ABB; one of Europe's largest aerospace and arms manufacturers SAAB; Scandinavian airliner SAS Group; world's largest ball-bearing company SKF; manufacturer of compressors, vacuum and air treatment systems, construction and mining equipment, power tools and assembly systems Atlas Copco; Europe's fourth largest pharmaceutical multinational AstraZeneca;[7] outdoor power products, consumer watering products, cutting equipment and diamond tools manufacturer Husqvarna; Sobi; mining and infrastructure business company Epiroc; investment conglomerate Investor AB; the Grand Group hotel; BraunAbility; world's largest powdered metal company Höganäs AB; IPCO; Laborie Medical Technologies Inc.; Europe's second-largest investment firm with portfolio companies in Europe, Asia and the USA EQT Partners; Nefab; one of the largest wheelchair manufacturers in the world, Permobil; Piab; Sarnova; 3 Scandinavia; Kopparfors Skogar; one of largest mills in the world Hylte Bruk AB,;[8] Munters; digital mailbox Kivra; Glo, which develops nanotubes for LED; QuNaNo and SolVoltics; AMEXCI design, certification and education in additive manufacturing, Combient development programs for industrial digitisation; Peltarion which develops platforms for AI applications; Cinder Invest; SEEQC; investment company for startups 82an Start Ups; reinsurance company Asia Capital Reinsurance Group Pte Ltd, etc. Former holdings include, among others, fifth-largest truck manufacturer in the world Scania AB,[9] Saab Automobile.
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.[10] By 2011, their conglomerate holding company, Investor AB, had an approximate ownership of 120 companies.[11] Wallenbergs, through the Knut and Alice Wallenberg Foundation, allocate annually SEK 2 billion to science and research, which makes the Knut and Alice Wallenberg Foundation one of the largest private research foundations in Europe, and has, until 2020, awarded SEK 31.2 billion in grants.
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.[12]
Episode 1: What is the Deep State?
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