Other Foundations: The remaining 13 include smaller entities like the Berit Wallenberg Foundation (archaeology and art history) and family-specific trusts (e.g., Peter Wallenberg Foundation). Together, they broaden the scope of the family’s philanthropy but are less prominent individually.
Funding and Assets
The foundations’ wealth is derived from dividends and returns on their stakes in Investor AB (a publicly traded investment company) and FAM AB (a private holding company). Together, these entities control a vast portfolio of companies (e.g., SEB, Ericsson, ABB, Saab, AstraZeneca), generating substantial revenue. As of 2023, the total asset value of the 16 foundations was approximately SEK 262 billion ($25 billion USD), with KAW holding the lion’s share. This figure likely reflects growth from earlier estimates (e.g., SEK 100 billion in 2017), driven by market performance and reinvestment.
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