Klaus Schwab's Net Worth: Outgoing WEF Executive Chairman's Estimated Wealth And Sources Of Income

Klaus Schwab, the founder and executive chairman of the World Economic Forum (WEF) announced his decision to step down from the position. Apart from running the WEF for more than fifty long years, Schwab is also an author, an expert economist as well as one who does not shy away from speaking on global governance issues.
Klaus Schwab's Net Worth: Outgoing WEF Executive Chairman's Estimated Wealth And Sources Of Income

Klaus Schwab is a millionaire. Apart from being a policymaking expert, he has also written several books. (Image Credits: X/ @CilComLFC)

Klaus Schwab, the founder and executive chairman of the World Economic Forum (WEF) announced his decision to step down from the position. The 86-year-old business leader is going to transition his role as non-executive chairman basis an agreement to be reached with the Swiss government. The German mechanical engineer and economist informed about his decision through an email written to the organisation's staff members on Tuesday, as per a report by an international news website.
The governance structure at the WEF is about to drastically change, as per the forum's spokesperson who told Semaforabout “transforming from a convening platform to the leading global institution for public-private cooperation.” With Schwab's exit from an active role nearly five decades after the organisation was founded, speculations started spiraling as to who would fill the founder's shoes. Schwab stitched together the global economic alliance in 1971, and since then accumulated remarkable personal growth and wealth as well. The article intends to navigate through the public information based on reliable sources to garner information about his net worth in 2024.

What Is Klaus Schwab's Net Worth?

Klaus Schwab is a millionaire. Although there is not an official figure out in the public about the German Economist's net worth, but multiple reports including one by Finty indicated that the estimated wealth could be between $11 Million to $25 Million or above. TimesNow does not verify the authenticity of these figures.
Apart from running the WEF for more than fifty long years, Schwab is also an author, an expert economist as well as one who does not shy away from speaking on global governance issues.
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