May God bless you and your...
Valenda Newell
December 04, 2016 | Indianapolis, IN
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Peter Wallenberg
1926 - 2015 (Age 88)
About
AGE
88
Obituary
STOCKHOLM (AP) - Peter Wallenberg, the former head of a Swedish financial dynasty sometimes compared to the Rockefellers, has died. He was 88.
Wallenberg died Monday at his home on the island of Varmdo, outside Stockholm, the family foundation said in a statement. The cause of death wasn't released.
From 1982 to 1997 Wallenberg was chairman of Investor AB, the holding company through which the family controls large stakes in major Swedish companies. He also served on the board of wireless equipment maker Ericsson, appliance maker Electrolux, engineering firm Atlas Copco and other Swedish companies.
Internationally, the Wallenberg family's best known member is World War II hero Raoul Wallenberg, who is credited for saving at least 20,000 Jews while serving as a Swedish diplomat in Nazi-occupied Hungary. But the family has been a prominent force in the Swedish business world since the 19th century, when Peter's great grandfather founded what is today called the SEB bank.
Peter Wallenberg was born in Stockholm in 1926 to Marcus Wallenberg and his Scottish wife Dorothy. As a child, he attended boarding school in Sweden and spent the summers, alongside older brother Marc and sister Ann-Marie, with his mother's family in Britain.
He has often described his childhood, under a strict and domineering father, as a tough period in his life.
"I was cheeky compared with my brother," Wallenberg said in a 2006 interview with daily Dagens Industri. "My father didn't like that."
He wasn't groomed to become the family patriarch, but stepped into the role of heir after Marc committed suicide in 1971. When their father died in 1982, Peter took over as chairman of Investor. His eldest son Jacob is now chairman.
In 1993, Peter Wallenberg was the target of a foiled kidnapping plot as police arrested four would-be abductors outside the gates of his estate on Varmdo.
Wallenberg married and divorced three times. He is survived by his two sons, Jacob and Peter Jr., and daughter Andrea. Funeral arrangements weren't immediately announced.
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KARL RITTER, Associated Press
Copyright © 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Guest Book
With thoughts and prayers to Anis and all the family from Scotland, a country which Peter loved. RIP
Nicola Moll
February 03, 2015 | Edinburgh
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Rest in peace.
Lena Williams
January 30, 2015 | Plano, TX
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To the family of Peter Wallenberg please accept my condolences for your loss. One can never be prepared for the empty void that's left when a loved one dies. Our Creator promises to give you the strength to live each day. He says, "I have heard your prayers, I have seen your tears". I will heal you. 2 Kings 20:5
PCP
January 26, 2015
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rip
michelle plakas-kaiser
January 22, 2015 | Mehlingen, Germany
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Condolence and sympathy for the death of your loved one,may Almighty God bring you comfort.Happy are they that mourn,since they will be comforted..Matt 5:7.....
January 21, 2015
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My condolences to the family of Peter Wallenberg, It is Gods will that his children live long healthy lives. That was Gods purpose and it has not changed but will be a reality. In the meantime God has him in his memory. Isaiah 55:11, & Psalms 37:29
January 20, 2015
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May your hearts soon be filled with wonderful memories of joyful times together as you celebrate a life well lived.
Evette
January 19, 2015 | OH
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I think when everything is said and done, Peter Wallenberg proved to be, and even more so, what his father would have wanted him to become. Family members, find comfort in knowing that God can awaken those who have died just as you can awaken a person from sleep. (Mark 5:41-42). In this guarantee, find comfort,
Carter
January 19, 2015 | FL
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