Mixing
Wallenberg family
The Wallenberg family is a prominent Swedish family renowned as bankers, industrialists, politicians, bureaucrats, diplomats.
The Wallenbergs are present in most large Swedish industrial groups, like Ericsson, Electrolux, ABB, SAS Group, SKF, AIK, Atlas Copco and more.
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.[1]
The most famous of the Wallenbergs, 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 of Jewish lives.[2]
Contents
1 History
2 Modern business
3 Notable family members
3.1 Key people
4 References
5 External links
History
Raoul Wallenberg Memorial Statue, Great Cumberland Place, London
Grand Hotel Saltsjöbaden; built in 1890s by the Wallenberg family
The earliest known member of the Wallenberg family is Per Hansson (1670–1741) who, in 1692, married Kerstin Jacobsdotter Schuut (1671–1752). Their son, Jakob Persson Wallberg (1699–1758) married twice. The children of his first marriage called themselves Wallberg and those of his second called themselves Wallenberg.[3] Jakob Persson Wallberg was the great-grandfather of André Oscar Wallenberg who, in 1856, founded Stockholms Enskilda Bank, the predecessor of today's Skandinaviska Enskilda Banken.[1]
André Oscar Wallenberg's son Knut Agathon Wallenberg took over as CEO of Stockholms Enskilda Bank in 1886.
Like many other Wallenberg relatives, Knut Agathon Wallenberg was also involved in Swedish politics and diplomacy becoming Minister for Foreign Affairs 1914–1917, and member of the Riksdags first chamber (Parliament of Sweden) 1907–1919. In 1916, new legislation made it more difficult for banks to own shares in industrial companies on a long-term basis. Investor was formed as an investment part of Stockholms Enskilda Bank.
Knut Agathon Wallenberg's younger brother Marcus Wallenberg (senior) carried on the tradition and took over as the bank's CEO in 1911, replacing his older brother who was appointed Stockholms Enskilda Bank chairman of the board.
Jacob Wallenberg, eldest son of Marcus Wallenberg (senior), became the bank's CEO after Joseph Nachmanson died in 1927, joined by younger brother Marcus Wallenberg (junior) as the bank's deputy CEO. In 1938, Knut Agathon Wallenberg died. He had no children. Marcus Wallenberg (senior) was appointed Stockholms Enskilda Bank chairman of the board.
During the War the Bank collaborated with the German government. The Secretary of the US Treasury, Henry Morgenthau Jr. considered Jacob Wallenberg strongly pro-German, and the US subjected the Bank to a blockade that was only lifted in 1947. [4][5]
The fourth generation of Wallenbergs joined the family business in 1953, including heir apparent Marc Wallenberg, eldest son of Marcus Wallenberg (junior), who became a deputy CEO at Stockholms Enskilda Bank in 1953, before taking over as CEO in 1958. After a power struggle between Jacob Wallenberg and his younger brother Marcus Wallenberg (junior), Jacob Wallenberg resigned from the board of directors in 1969.
The resignation opened a seat on the bank's board of directors to Peter Wallenberg (senior), younger son of Marcus Wallenberg (junior). Marcus Wallenberg (junior) pushed through a merger agreement between Stockholms Enskilda Bank and rival Skandinaviska Banken in 1971. Soon after, tragedy struck when Marc Wallenberg committed suicide, observers suggested that the act came possibly because Marc Wallenberg felt himself inadequate to the task of leading what was to become the Scandinavia banking giant Skandinaviska Enskilda Banken. The merger went through in 1972.
Marcus Wallenberg (junior), and younger son Peter Wallenberg (senior), focused their interests on the family's investment companies, Investor and Providentia. Investor now became the family's new flagship business, and, under Marcus Wallenberg (juniors) leadership began actively promoting the restructuring of most of the industrial companies under its control, replacing board members and promoting younger CEO and other management.
Peter Wallenberg (senior) took over after Marcus Wallenberg (junior's) death in 1982. For many outsiders, the change in leadership marked a final moment in the family's more than 100-year dominance of the Swedish banking and industrial sectors. Yet Peter Wallenberg (senior) rose to the challenge, guiding Investor and Sweden's industry into a new era. In 1990, it was estimated that the family indirectly controlled one-third of the Swedish Gross National Product.[6] Peter Wallenberg (senior) stepped down from leadership of Investor in 1997.
In 2006, the fifth generation took over the Wallenberg sphere. Marcus Wallenberg, son of Marc Wallenberg, Jacob Wallenberg and Peter Wallenberg (junior) both sons of Peter Wallenberg (senior).
Modern business
The Wallenbergs have a very low-key public profile, eschewing conspicuous displays of wealth. The family motto is Esse, non Videri (Latin for "To be, not to be seen").[7]Marcus Wallenberg Sr. adopted this motto when he became a Knight and Commander of the Royal Order of the Seraphim in 1931.[8]
The Wallenbergs business empire is often referred to as the Wallenberg sphere, the Wallenberg sphere is a large group of companies where their investment company, Investor AB, or foundation asset management company, Foundation Asset Management (FAM), have the controlling interest.
Notable family members
| Marcus Wallenberg 1744–1799 |
Jacob Wallenberg 1746–1778 |
||||||||||||||||||||||||||||||||||||||||||||||||||
| Marcus Wallenberg 1774–1833 |
|||||||||||||||||||||||||||||||||||||||||||||||||||
| Catharina Wilhelmina Andersson |
André Oscar Wallenberg 1816–1886 |
Anna von Sydow |
|||||||||||||||||||||||||||||||||||||||||||||||||
Knut Agathon Wallenberg 1853–1938 |
Gustaf Wallenberg 1863–1937 |
Marcus Wallenberg Sr. 1864–1943 |
Oscar Wallenberg 1872–1939 |
Axel Wallenberg 1874–1963 |
Victor Wallenberg 1875–1970 |
||||||||||||||||||||||||||||||||||||||||||||||
| Raoul Oscar Wallenberg 1888–1912 |
Jacob Wallenberg 1892–1980 |
Marcus Wallenberg Jr. 1899–1982 |
Carol Wallenberg 1904–1985 |
Gustaf Wally 1905–1966 |
Henry Wallenberg 1908–1993 |
||||||||||||||||||||||||||||||||||||||||||||||
Raoul Wallenberg 1912–c.1947 |
Peder Sager Wallenberg 1935– |
Marc Wallenberg 1924–1971 |
Peter Wallenberg Sr. 1926–2015 |
||||||||||||||||||||||||||||||||||||||||||||||||
Marcus Wallenberg 1956– |
Axel Wallenberg 1958–2011 |
Jacob Wallenberg 1956– |
Peter Wallenberg Jr. 1959– |
||||||||||||||||||||||||||||||||||||||||||||||||
- Marcus Wallenberg (1744–1799), priest
- Marcus Wallenberg (1774–1833), nephew of Jacob Wallenberg, bishop in Linköping.
André Oscar Wallenberg (1816–1886), son of Marcus Wallenberg, naval officer, newspaper tycoon, banker and politician.
Knut Agathon Wallenberg (1853–1938), son of André Oscar Wallenberg, banker and politician.- Gustaf Wallenberg (1863–1937), son of André Oscar Wallenberg, diplomat.
- Raoul Oscar Wallenberg (1888–1912), son of Gustaf Wallenberg, naval officer.
Raoul Wallenberg (1912–c.1947), son of Raoul Oscar Wallenberg, diplomat.
- Raoul Oscar Wallenberg (1888–1912), son of Gustaf Wallenberg, naval officer.
Marcus Wallenberg Sr. ("Häradshövdingen") (1864–1943), son of André Oscar Wallenberg, banker, industrialist and politician.
- Sonja Emilie Wallenberg (1891-1970), daughter of Marcus Wallenberg Sr. and Amalia Wallenber (nee.Hagdahl), married on Carl Johan Magnus Johan Björnstjerna.
- Ulla Anna Charlotta Björnstjerna (1916-)
- Elizabeth Helena Amalia Charlotta Björnstjerna (1917-2010)
- Sonja Monica Charlotta Björnstjerna (1920-1955)
- Sonja Ingeborg Charlotta Björnstjerna
Jacob Wallenberg ("Juju") (1892–1980), son of Marcus Wallenberg Sr., naval officer, banker, industrialist.
Peder Sager Wallenberg (1935–), son of Jacob Wallenberg, architect, businessman.
- Fredrik Wallenberg
- Marie Wallenberg
- Peder Wallenberg
- Nicholas Wallenberg
- Anna Wallenberg
- Peder Wallenberg Jr.
- Christopher Wallenberg
- Alexander Wallenberg
- Andrea Wallenberg (1894-1980), daughter of Marcus Wallenberg Sr. and Amalia Wallenber (nee.Hagdahl), married on Hakon Mörner af Morlanda
- Gunilla Bonde Mörner af Morlanda ("Grotte") (1919-1994)
- Caroline Mörner af Morlanda ("Gyllenkrok") (1922-2004)
- Gertrud Wallenberg (1895-1983), daughter of Marcus Wallenberg Sr. and Amalia Wallenber (nee.Hagdahl), married on Graf Count Ferdinand Maria Emmerich Eduard Arco auf Valley, and partner of Carl Gustaf Emil Mannerheim
- Ebba Wallenberg (1896-1960), daughter of Marcus Wallenberg Sr. and Amalia Wallenber (nee.Hagdahl), married on Carl Gustaf Bonde (1872-1957)
- Peder Carlsson Bonde (1923-2013)
Marcus Wallenberg Jr. ("Dodde") (1899–1982), son of Marcus Wallenberg Sr., banker and industrialist.
Marc Wallenberg ("Boy-Boy") (1924–1971), son of Marcus Wallenberg Jr., banker.
Marcus Wallenberg ("Husky") (1956–), son of Marc Wallenberg, banker and industrialist.- Axel Wallenberg ("Vava") (1958–2011), son of Marc Wallenberg, businessman.
Peter Wallenberg Sr. ("Pirre") (1926–2015), son of Marcus Wallenberg Jr., banker and industrialist.
Jacob Wallenberg (1956–), son of Peter Wallenberg Sr., banker and industrialist.
- Lovisa Wallenberg
- Jacob Wallenberg Jr.
- Alice Wallenberg
Peter Wallenberg Jr. ("Poker") (1959–), son of Peter Wallenberg Sr., businessman and racing driver.
- Sonja Emilie Wallenberg (1891-1970), daughter of Marcus Wallenberg Sr. and Amalia Wallenber (nee.Hagdahl), married on Carl Johan Magnus Johan Björnstjerna.
- Oscar Wallenberg (1872–1939), son of André Oscar Wallenberg, naval officer and businessman.
- Carol Wallenberg (1904–1985), son of Oscar Wallenberg, businessman.
- Axel Wallenberg (1874–1963), son of André Oscar Wallenberg, industrialist and diplomat.
Gustaf Wally (1905–1966), son of Axel Wallenberg, dancer, actor and theatre manager.
Victor Wallenberg (1875–1970), son of André Oscar Wallenberg, sports shooter.
- Henry Wallenberg (1908–1993), son of Victor Wallenberg, consul general in Monaco.
- Marcus Wallenberg (1774–1833), nephew of Jacob Wallenberg, bishop in Linköping.
- Jacob Wallenberg (1746–1778), sailor, clergyman and author.
Key people
André Oscar Wallenberg. (1816–1886)
Knut Agathon Wallenberg. (1853–1938)
Marcus Wallenberg Sr.. (1864–1943) Wearing the star of a Knight of the Seraphim.
Jacob Wallenberg. (1892–1980)
Marcus Wallenberg Jr. (1899–1982)
Raoul Wallenberg. (1912–c.1947)
Marc Wallenberg. (1924–1971)
Jacob Wallenberg. (1956–)
References
^ ab "A Nordic pyramid". The Economist. Retrieved 10 June 2017..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}
^ "Yad Vashem database". Yad Vashem. Archived from the original on 7 February 2007. Retrieved 12 February 2007.who saved the lives of tens of thousands of Jews in Budapest during World War II ... and put some 15,000 Jews into 32 safe houses.
^ The Swedish family calendar 1989, red. Elisabeth Thorsell, Almqvist & Wiksell Internationell, Stockholm 1989
ISBN 91-22-01318-0 s.360
^ "Authors Claim Wallenberg Family Assisted Nazis in Banking Deals". Jewish Telegraphic Agency. 1989-11-08. Retrieved 2016-08-13.
^ Gowland, Rob (19 June 1996). "Banks' nazi connections exposed". The Guardian (Socialist Party of Australia).
^ based on an article in Reed Business Information's International Management
^ based on an article in The New York times
^ "Family". Wallenberg.com. Retrieved 24 December 2018.
External links
- Wallenberg Family Tree on Kindo
- Investor AB and Wallenberg family history
Comments
Post a Comment