Amazingly, per this Economist article the Wallenberg family is in its fifth generation and remains on top of Sweden Inc.--and in a socialist country no less. Investor AB, the Wallenberg's investment holding company, is in its way one of the most successful family offices, with actively managed interests in listed companies, private equity, and hedge funds.
And if you'll permit me to get personal, the family gets much extra credit for producing this man.
By the way, although the Swedish stock market is down 58.1% in dollar terms since Dec 31, 2007, it is the unlikely holder of the highest real return record of all the major stock markets in the 1900-2000 period, at 8.2% annualized.
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