Manages forest assets in Sweden.
Broader Influence
Wallenberg Foundations: The family’s 16 foundations, including the Knut and Alice Wallenberg Foundation, hold substantial assets (valued at SEK 262 billion, or roughly $25 billion USD, as of 2023). These foundations reinvest dividends from their holdings into research and education, reinforcing their economic and social influence in Sweden.
Wallenberg Sphere: Often referred to as the "Wallenberg ecosystem," this network of companies employs around 600,000 people globally and generates annual sales estimated at $154 billion (historical figure, likely higher by 2025).