| Summary: | Abstract The purpose for this study has been to discover and reveal what exactly it is that have made the Wallenberg family so successful in the Swedish business world for more than 150 years. We have narrowed our research by limit it to only find and concern the specific features of the Wallenberg family and not their entire corporate group. There is no research made before regarding this matter, as far as we could see, which is one of the reasons to why we find this study relevant. In order to answer our question we have chosen to use a qualitative approach in which we have interviewed three people. These three people all have deep and thorough insight in the Wallenberg family. A qualitative approach is used in this essay to gain a deeper understanding and a better entirety about the topic studied. We could distinguish that André Oscar Wallenbergs gambling influenced future generations as they understood to be more economic and cautious. Knut Agaton, André Oscar Wallenberg´s oldest son, never had any children of his own which did result in him creating a foundation for his private fortune. The foundation has benefited the Wallenberg sphere on which the capital could be used only in the family´s corporations and not for private purposes. The foundations has also played an important role during the reign of the Socialdemocrates, because most of the Wallenbergfamily´s capital was tied up in the foundation. Marcus “MW” Wallenbergs close contact with the government during a time when Sweden´s industry flourished, are we seeing as another reason to their success. We are also aware that some specific events in the Wallenberg family´s history has influenced the family positively and thus contributed to their family´s enormous success in the Swedish industry. Keywords: Wallenbergfamily, success, economic and cautious, foundation, government, specific events
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