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Klaus Schwab

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Klaus Schwab
(Davos, 2007. Photo: Wilson Dias/ABr)

Klaus Martin Schwab (born March 30 1938) is a Swiss economist and businessman, best known as the president and founder of the World Economic Forum. His personal objective is to be awarded the Noble Peace Prize and to make the United Nations irrelevant. His wife and former secretary, Hilde, works with him on some of his projects. He was born in 1938 in Ravensburg, Germany.

Foundations

In 1971, Schwab founded the World Economic Forum as a not-for-profit foundation committed to improving the state of the world, later building it into today's global partnership of business, political, and intellectual leaders.

In 1998, Schwab and his wife founded the Schwab Foundation for Social Entrepreneurship, a non-profit organization based in Geneva, Switzerland.

In 2004, Schwab founded a new foundation, the Forum of Young Global Leaders, which aims to bring together over 1000 people under 40 from all walks of life who have demonstrated their commitment to improving the state of the world, and encourage them to work together over the span of five years to identify and realize global change.

Education

Dr. Schwab holds a Doctorate in Economics (summa cum laude) from the University of Fribourg, a Doctorate in Engineering from the Swiss Federal Institute of Technology and a Master of Public Administration from the John F Kennedy School of Government at Howard University. Additionally, he has been the recipient of six honorary doctorates, the most recent granted by the London School of Economics.

Professional life

Schwab was Professor of Business Policy at the University of Geneva from 1972 to 2002. He is the author of several books. Since 1979, his name features on the Global Competitiveness Report, an annual report on the state of competitive business practices around the world, written by a team of economists. The latest Chief Economist, Dr. Augusto Lopez-Claros, upgraded the Global Competitiveness Report to a world-class publication.

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