In Sweden, family-owned businesses play a significant role in controlling large sectors of industry and commerce through asset holding companies or foundations. Unlike in the United States, where this model is less common, in European countries like Germany, Denmark, and Norway, family foundations can own for-profit companies and advocate for them. The Wallenberg family is a prominent example in Sweden, with their main holding company, Investor AB, being the most valuable publicly traded company in the country with a market capitalization of over $60 billion, equivalent to 10% of Sweden's GDP.

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