Klaus Schwab

Date of Birth: March 30, 1938

Zodiac Sign: Aries

Biography

Klaus Schwab is a German economist best known as the founder and Executive Chairman of the World Economic Forum (WEF), an international organization that brings together global business, political, academic, and other leaders to discuss and address global economic issues. He was born in Ravensburg, Germany, and has been a significant figure in global economics and international relations for several decades. Schwab studied at the Swiss Federal Institute of Technology in Zurich, where he earned his Doctorate in Engineering. He also holds a Doctorate in Economics from the University of Fribourg and a Master of Public Administration from the John F. Kennedy School of Government at Harvard University. In 1971, Schwab founded the European Management Forum, which was later renamed the World Economic Forum in 1987. Throughout his career, Schwab has been a proponent of public-private cooperation to tackle global challenges. He is the author of several books, including “The Fourth Industrial Revolution,” where he explores the transformative effects of technological advancements on society and economies.

5 Interesting Facts about Klaus Schwab

1. Klaus Schwab founded the World Economic Forum in 1971.

2. He coined the term “stakeholder capitalism,” advocating for businesses to serve all their stakeholders rather than just shareholders.

3. Schwab has received numerous honorary doctorates and international awards, including the French Legion of Honour.

4. He is an advocate for the Fourth Industrial Revolution, emphasizing the impact of emerging technologies on all aspects of society.

5. Schwab is known for his annual summits in Davos, Switzerland, which attract elite global leaders.

5 Most Interesting Quotes from Klaus Schwab

1. “The Fourth Industrial Revolution will affect the very essence of our human experience.”

2. “You have to empower people, you have to involve them in the process, and you have to make them feel part of the solution.”

3. “Change can be frightening, and the temptation is often to resist it. But change almost always provides opportunities to learn new things, to rethink tired processes, and to improve the way we work.”

4. “The pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world.”

5. “The key to our future lies in the understanding and shaping of the Fourth Industrial Revolution.”