Foundation Asset Management AB

Aktiebolag

Aktiebolag is the Swedish term for "limited company" or "corporation". When used in company names, it is abbreviated "AB" or "Ab"...

 is a Swedish

Sweden

Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

 foundation asset management company, founded by the three largest Wallenberg foundations in order to manage the asset

Asset

In financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset...

s of the foundations, by means of direct ownership as well as through management- and consultancy

Consultant

A consultant is a professional who provides professional or expert advice in a particular area such as management, accountancy, the environment, entertainment, technology, law , human resources, marketing, emergency management, food production, medicine, finance, life management, economics, public...

 agreements. The administration of all the foundations and the donation

Donation

A donation is a gift given by physical or legal persons, typically for charitable purposes and/or to benefit a cause. A donation may take various forms, including cash, services, new or used goods including clothing, toys, food, and vehicles...

s of all the Wallenberg foundations is handled through a subsidiary

Subsidiary

A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...

. The Wallenberg foundations is a informal collective name for the twenty different foundations founded by the members of the Wallenberg family

Wallenberg family

The Wallenberg family is a prominent Swedish banking family, renowned as bankers, industrialists, politicians, diplomats and philanthropists. The most famous of the Wallenbergs, Raoul Wallenberg, a diplomat, worked in Budapest, Hungary, during World War II to rescue Jews from the Holocaust...

.

The largest Wallenberg foundations in order of net worth

Net worth

In business, net worth is the total assets minus total outside liabilities of an individual or a company. For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time...

:

• The Knut and Alice Wallenberg Foundation
  Knut and Alice Wallenberg Foundation
  The Knut and Alice Wallenberg Foundation is a private foundation , founded in 1917 by a donation of SEK 20 million by the chairman of the Stockholms Enskilda Bank, Knut Agathon Wallenberg and his wife Alice....
  
  , founded 1917.
• The Marianne and Marcus Wallenberg Foundation, founded 1963.
• The Marcus and Amalia Wallenberg Foundation, founded 1960.

Largest holdings

• Bergvik Skog - forest company (12.2% stake, 12.2% voting rights)
• Investor
  Investor AB
  Investor AB is a Swedish investment company, founded in 1916 and still controlled by the Wallenberg family through their foundation asset management company FAM. The company owns a controlling stake in several large Swedish companies with smaller positions in a number of other firms. In 2006 it had...
  
   - investment company (22.3% stake, 48.0% voting rights)
• Saab
  Saab
  Saab AB is a Swedish aerospace and defence company, founded in 1937. From 1947 to 1990 it was the parent company of automobile manufacturer Saab Automobile, and between 1968 and 1995 the company was in a merger with commercial vehicle manufacturer Scania, known as Saab-Scania.-History:"Svenska...
  
   - aviation
  Aviation
  Aviation is the design, development, production, operation, and use of aircraft, especially heavier-than-air aircraft. Aviation is derived from avis, the Latin word for bird.-History:...
  
   and military technology (8.7% stake, 6.1% voting rights)
• SAS
  SAS Group
  Scandinavian Airlines System Aktiebolag , trading as SAS Group and SAS AB, is a holding company based in Solna, Sweden. It is the parent company of the airlines Scandinavian Airlines, Blue1 and Widerøe, and the aviation services companies SAS Business Opportunities, SAS Cargo Group, SAS Ground...
  
   - airline and hotel company (7.6% stake, 7.6% voting rights)
• SEB
  Skandinaviska Enskilda Banken
  Skandinaviska Enskilda Banken AB is a Swedish financial group for corporate customers, institutions and private individuals with headquarters in Stockholm, Sweden. Its activities comprise mainly banking services, but SEB also carries out significant life insurance operations and also owns Eurocard...
  
   - banking (1.5% stake, 0.8% voting rights)
• SKF
  SKF
  SKF, Svenska Kullagerfabriken AB , later AB SKF, is a Swedish bearing company founded in 1907, supplying bearings, seals, lubrication and lubrication systems, maintenance products, mechatronics products, power transmission products and related services globally.-History:The company was founded on...
  
   - bearing
  Rolling-element bearing
  A rolling-element bearing, also known as a rolling bearing, is a bearing which carries a load by placing round elements between the two pieces...
  
   company (12.0% stake, 28.8% voting rights)
• Stora Enso
  Stora Enso
  Stora Enso Oyj is a Finnish pulp and paper manufacturer, formed by the merger of Swedish mining and forestry products company Stora and Finnish forestry products company Enso-Gutzeit Oy in 1998. It is headquartered in Helsinki, and it has approximately 29,000 employees...
  
   - pulp and paper manufacturer
  Pulp and paper industry
  The global pulp and paper industry is dominated by North American , northern European and East Asian countries...
  
  (9.9% stake, 27.1% voting rights)