The Wallenbergs' Troubled Empire

Each May 29, Peter Wallenberg, the patriarch of Sweden's most famous industrial family, gathers 100 or so relatives to celebrate his birthday and that of his late grandmother, both on the same date. This year as usual, guests reveled at the old Wallenberg family estate, Tacka Udden, a lovely cream-colored, turreted mansion overlooking Stockholm's archipelago.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.