[2][3] He was educated at the Wharton School of the University of Pennsylvania, receiving a BS in economics in 1980 and an MBA in 1981.

Wallenberg has also served as Vice Chairman of Atlas Copco, SAS Group, and Stora Enso, and has served on the boards of The Coca-Cola Company,[5] Electrolux, WM-data, and the Stockholm Chamber of Commerce.

Jacob Wallenberg is Chairman of the Board of Investor AB, a lead shareholder of Nordic-based global companies.

[2] He is a member of the steering committee of the Bilderberg Group, the European Round Table of Industrialists, and the advisory board of the Tsinghua University School of Economics and Management.

Wallenberg is Honorary Chairman of the Mayor of Shanghai’s International Business Leaders Advisory Council (IBLAC).