We’ve heard recently a lot about the World Economic Forum’s executive chairman, Karl Schwab. But who is he really, what is his plan for the future of the world we live in, and, as all our readers ask, how rich is Schwab in 2022?
|Age:||83 years old (as of February 2022)|
|Birthday:||March 30, 1938|
|Last Update:||February 2022|
Who is Karl Schwab?
His full name is Klaus Martin Schwab and, as stated before, he is the executive chairman and also the founder of the World Economic Forum, that seems to implement its strategies on fast-forward these days. Please keep in mind the fact that Schwab was part of the Bilderberg Group’s steering committee. At the age of 33, he opened the inaugural European Management Forum in Davos in 1971.
His parents are both from Switzerland. His father was the manager of Escher Wyss & Cie. His family was monitored by the Gestapo.
He started his primary school in the Wädenswil district of Au ZH, in Switzerland. After WW2, he moved with his family back to Germany where Klaus Schwab continued his studies at the Spohn-Gymnasium in Ravensburg.
In 1961, he graduated from Swiss Federal Institute of Technology in Zurich, as a mechanical engineer, with a doctorate in engineering. He has also got a doctorate in economics from the University of Fribourg, and a Master of Public Administration degree from the John F. Kennedy School of Government at Harvard University.
Between 1972 and 2003, Schwab was professor of business policy at the University of Geneva and an Honorary Professor afterwards.
He publishes the Global Competitiveness Report since 1979, which is based on a methodology developed by Schwab himself, taking into account not only competitiveness and productivity but also sustainability.
He was part of the boards of important firms such as Swatch, The Daily Mail, and Vontobel.
Karl Schwab’s net worth is roughly $12 million as of 2022.
The World Economic Forum was named the European Management Forum 1971 until 1987, when it changed its name to the World Economic Forum, or simply put – “Davos”, after the town that hosts it.
He is the founder of the Global Shapers Community (2011), a global network of local communities, or “hubs”, of young people, called “shapers”, with ages between 20 and 30.
In 1971, he married Hilde Schwab and they have two children: Nicole Schwab, co-founder of the Gender Equality Project in 2009, and Olivier Schwab, who leads the World Economic Forum in China.
He has 17 honorary doctorates, from the London School of Economics, the National University of Singapore, the Korea Advanced Institute of Science and Technology, and more.
Schwab was knighted by Queen Elizabeth as Knight Commander of the Order of St Michael and St George in 2006.
He has been criticized by the media about his huge annual salary (around 1M Swiss Francs / 950K Euros / $1.07M). We’re convinced that Karl Schwab will be also condemned for his impressive net worth 🙂
Karl Schwab Quotes
“A great leader has brains, vision, soul, values and a heart.”
“In the new world, it is not the big fish which eats the small fish, it’s the fast fish which eats the slow fish.“
“The key issue is the shift of the centre of gravity from the West to the East, the rise of China and India.”
Karl has a huge impact on shaping the new world. What do you think of his actions? What about his wealth, estimated to be around $12M as of 2022? Please comment below.