abstract:The Wallenberg family (known as The Wallenbergs or simply Wallenbergs) 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.
On the other hand, ABB is one of many companies under the umbrella of Sweden's Wallenbergfamily, who control, directly and indirectly, over 40% of the Swedish stock market's capitalization.