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marcus wallenberg

January 20, 2015

Peter Wallenberg, the Swedish financier who helmed one of Europe’s largest corporate dynasties for 15 years, has died at the age of 88 in Stockholm County.

Peter Wallenberg, the Swedish financier who helmed one of Europe’s largest corporate dynasties for 15 years, has died at the age of 88 in Stockholm County.

The elder statesman took over the Wallenberg family business following the death of his father in 1982 – a move that many believed would bring about the end of the family’s century-long dominance of the Swedish banking and industrial sectors.

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