submarine A26 by Saab Group to Netherlands. Media reported in November, 2022, that, the Wallenberg family played a central role when Prime Minister Ulf Kristersson visited Turkish President Erdogan. CEOs of the Wallenberg sphere, in total CEOs of 6 multinationals in the Wallenberg sphere, were part of the delegation to Turkey, including Håkan Buskhe of Saab Group. Wallenberg Foundations The Wallenberg Foundations is the collective name for the private and public foundations formed by the Wallenberg family, which are the owners of Investor AB (50% voting) and fund research in technology, medicine, natural sciences, social sciences and culture. The financial and administrative matters of the 16 foundations and Wallenberg Investment AB are managed by Wallenberg Foundations AB. Wallenberg Foundations wholly control Wallenberg Investment AB, which in turn wholly controls Foundation Asset Management, Navigare. Knut and Alice Wallenberg Foundation Marianne and Marcus Wallenberg Foundation Marcus and Amalia Wallenberg Foundation Jacob Wallenberg Foundation Dr.Tech. Marcus Wallenberg Foundation Foundation for Jurisprudential Research Berit Wallenberg Foundation Marcus Wallenberg Foundation for International Scientific Collaboration Peter Wallenberg Foundation The Foundation for Economic History Research within Banking and Enterprise Econ. Dr Peter Wallenberg Foundation for Entrepreneurship Tech. Dr Marcus Wallenberg Foundation 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"). Marcus Wallenberg Sr. adopted this motto when he became a Knight and Commander of the Royal Order of the Seraphim in 1931. The Wallenberg business empire is often referred to as the Wallenberg sphere, the Wallenberg sphere is a large group of companies in which their investment conglomerate, Investor AB, or Foundation Asset Management (FAM), have the controlling interest. In 1916, new legislation made it more difficult for banks to own shares in industrial companies on a long-term basis. Investor was therefore formed as an investment part of Stockholms Enskilda Bank. The Wallenbergs mechanism of exercising control and power lies in the system of differential voting rights where the Wallenbergs own the strong A-shares, the voting shares. Investor AB As of 2023, the Wallenbergs' investment conglomerate Investor AB is the largest institutional holder, and typically have the controlling interest, of the multinationals Atlas Copco (22.3% voting) ABB (13.5% voting) AstraZeneca (3.3% voting) Skandinaviska Enskilda Banken (21% voting) Epiroc (22.7% voting) Ericsson (23.8% voting) Nasdaq, Inc. (11.8% voting) Swedish Orphan Biovitrum (34.7% voting) Husqvarna Group (33.4% voting) Saab