Klaus Schwab – Net Worth 2024, Biography, Personal Life, Professional Life and Everything
Klaus Schwab is a well-known figure in economics and business who founded the World Economic Forum (WEF) and was its chair of animations. WEF has become one of the most prominent organizations in the world.
Apart from being WEF chairman for over 50 years, he is also a German mechanical engineer and Economist. Economists contributed much to these fields, and his ideas played an important role in shaping the global economy.
This article will provide information about SchwSchwab’s personal and professional life.
Klaus Schwab Personal Details |
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| Real Name | Klaus Martin Schwab |
| Profession | German mechanical engineer and Economist |
| Economistame | Eugen Wilhelm Schwab and Erika Epprech |
| Spouse | Hilde Schwab |
| Children | 2 |
| Date of Birth | March 30, 1938 |
| Age | 86 |
| Birth Place | Ravensburg, Nazi Germany |
| Networth | Estimated $170 million |
| X (Twitter) | @ProfKlausSchwab |
Net Worth 2024
Klaus Schwab’s net woSchwab’sstimated at $170 million. He earns $25 million annually and inherited $100 million from his father, a wealthy contractor during the Second World War. His family relocated from Switzerland to Germany and established a turbine manufacturing company.
He owns mansions in Europe and the United States and agricultural land spread over 8,000 acres in Europe. He also invested in a portfolio that includes apartment buildings and villas.
Early Life
Schwab was born to Eugen Wilhelm Schwab and Erika Epprecht, on March 30, 1938 in Ravenburg, Switzerland. His parents moved to Germany during the Third Reich, and his father became the director of Escher Wyss AG.
He completed his first and second grades at a primary school in Au, Zürich, Switzerland. After the end of World War II, his family returned to Germany, and Schwab pursued his studies in the Spohn-Gymnasium in Ravenburg. He graduated from the Swiss Federal Institute of Technology, Zurich, in 1961 with a degree in mechanical engineering.
Schwab also acquired a doctorate in economics from the University of Fribourg and a master’s in genomics from the John F. Kennedy School of Government at Harvard University.
Professional Life
Schwab began his career in the 1960s by working in several engineering and manufacturing companies. In 1963, he became an assistant to the director general of the German Machine Building Association and then became a member of Sulzer Escher Wyss AG’s managing board.
After leaving the private sector, he worked as a business policy professor at the University of Geneva between 1972 and 2003 and became an honorary professor there.
World Economic Forum (WEF)
Schwab founded the European Management Forum in 1971, later renamed the World Economic Forum in 1987. The World Economic Forum is a non-governmental organization with a mission to improve the world by involving business, academic, political, and other leaders of society in shaping global agendas.
The organization is famous for its annual meeting, which is held at Davos at the end of January every year. The meeting includes leading business and governmental leaders around the world.
In 1971, Shwab became the chairman of WEF, and in May 2024, it was announced that, by January 2025, he would move from Executive Chairman to Chairman of the Board of Trustees.
Personal Life
Schwab married his former assistant, Hilde Schwab, 1971 in Sertig Valley at the Reformed church. The couple had two children, Nicole and Oliver. They currently live in Cologny, Switzerland.
Everything Else We Know
Schwab has written and co-written several books on economics, globalization, and technology. His most important books are ‘The First Industrial Revolution and Globalization Stents Revisited.
He also received honors and awards for his contributions to the global economy, including the French Legion of Honor and the Dan David Prize.
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