The Wallenberg family is a prominent Swedish family and one of Europe's most powerful business dynasties. Wallenbergs are noted as bankers, industrialists, politicians, bureaucrats, diplomats, and in the military. The Wallenberg sphere's holdings employ about one million people, and have sales of $154 billion a year. The Wallenberg empire consists of 16 Wallenberg Foundations, Foundation Asset Management AB (FAM), Investor AB, Patricia Industries, and Wallenberg Investments AB. 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 Exchange. By 2011, their conglomerate holding company, Investor AB, had ownership of approximately 120 companies. By 2022, this number was 330. In 2015, the family still owned a third of Sweden’s entire stock exchange, and their net worth was estimated at €250 billion according to the Financial Times (or $278 billion according to CNBC). The companies in the Wallenberg sphere include Swedish multinationals and other European industrial groups, such as world-leading telecommunication multinational Ericsson; Scandinavian and Baltic bank giant Skandinaviska Enskilda Banken; one of the world's largest paper and pulp multinationals Stora Enso (the world's oldest limited liability company); Nasdaq, Inc.; global leader in smart technologies and complete lifecycle solutions for marine and energy markets Wärtsilä; the world's second-largest appliance maker Electrolux; one of the world's largest power, automation and robotics multinationals ABB; one of Europe's largest aerospace and arms manufacturers SAAB; Scandinavian airliner SAS Group; the world's largest ball-bearing company SKF; manufacturer of compressors, vacuum and air treatment systems, construction equipment, power tools and assembly systems Atlas Copco; Europe's fourth largest pharmaceutical multinational AstraZeneca; outdoor power products, consumer watering products, cutting equipment and diamond tools manufacturer Husqvarna; Sobi; mining and infrastructure business company Epiroc; investment conglomerate Investor AB; the Grand Group hotel; world's largest supplier of powdered metal Höganäs AB; Europe's second-largest equity firm with portfolio companies in Europe, Asia and the USA EQT Partners, etc. Former holdings include, among others, fifth-largest truck manufacturer in the world Scania AB, Saab Automobile, and Alfa Laval. Wallenbergs, through the Knut and Alice Wallenberg Foundation, allocate annually SEK 2 billion to science and research, which makes the Knut and Alice Wallenberg Foundation one of the largest private research foundations in Europe, and has, until 2020, awarded SEK 31.2 billion in grants. Raoul Wallenberg, a diplomat, worked in Budapest, Hungary, during World War II to rescue Jews from the Holocaust. Between July