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The former head of a Swedish financial dynasty sometimes compared to the Rockefellers, has died. He was 88.
Dwindle Wallenberg, the previous leader of a Swedish money related tradition some of the time contrasted with the Rockefellers, has passed on.
Wallenberg passed on Monday at his home on the island of Varmdo, outside Stockholm, the family establishment said in an announcement. The reason for death wasn't discharged.
From 1982 to 1997 Wallenberg was director of Investor AB, the holding organization through which the family controls substantial stakes in major Swedish organizations. He additionally served on the leading group of remote gear producer Ericsson, machine creator Electrolux, designing firm Atlas Copco and other Swedish organizations.
Globally, the Wallenberg family's best known part is World War II legend Raoul Wallenberg, who is credited for sparing no less than 20,000 Jews while serving as a Swedish ambassador in Nazi-possessed Hungary. At the same time the family has been an unmistakable drive in the Swedish business world since the nineteenth century, when Peter's extraordinary granddad established what is today called the SEB bank.
"With deep regret, the Management Board of the Knut and Alice Wallenberg Foundation announce that its honorary president Peter Wallenberg died in his sleep at his home on Monday at the age of 88," said a statement from the foundation.
"Peter Wallenberg has been active on the board since 1971 and has held the presidency from 1982 until recently," it added.
“Marc and I were very close,” he told Sweden's Sydsvenska Dagbladet newspaper back in 2006.
“I didn’t see what was coming, despite sitting talking to him two hours before he took his life. It was a big misfortune and I felt a terrible emptiness.”
Sweden's Prime Minister Stefan Löfven said that he had "great respect" for the financier, who he said had played a "big role in Swedish business for decades."