The foundations serve as a mechanism to reinvest profits from the Wallenberg business empire—primarily through holdings in Investor AB and FAM AB—into public good, rather than concentrating wealth in the hands of individual family members. This aligns with Sweden’s cultural emphasis on collective welfare and has cemented the Wallenbergs’ reputation as a "dynasty with a purpose."
Structure and Key Foundations
There are 16 Wallenberg Foundations, though three dominate in terms of assets and influence. These are managed independently but share a common goal of supporting Swedish research and education. Here’s an overview of the most significant ones:
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