Decisions reflect the family’s strategic vision, but day-to-day operations are managed by professional staff.
Unlike many billionaire families, the Wallenbergs channel most of their wealth into these foundations rather than personal fortunes. This structure limits individual inheritance while preserving influence, as the foundations own the controlling stakes in Investor AB and FAM AB.
Broader Significance
Economic Influence: The foundations’ ownership of business assets ties them to about one-third of Sweden’s GDP indirectly, amplifying their societal role.