In 1971, Prof. Klaus Schwab held the European Management Symposium in Davos for the first time, which was renamed the World Economic Forum (WEF) in 1987. With his meeting of economic, political and cultural greats in Davos, Schwab created a meeting place that was exemplary.
From the very beginning, Klaus Schwab, a native of Ravensburg, placed the media at the center of his work, enabling him to set up a kind of global bulletin board around the world. This bulletin board via the media - long before the breakthrough of the Internet, by the way - is a major reason for the phenomenal success of the World Economic Forum (WEF). Although it is only attended by a small group of around 3,000 participants, the WEF has an enormous impact on broad sections of the population from all over the world.
Prof. Klaus Schwab and his WEF have made a decisive contribution to ensuring that the European Alpine region is not only synonymous with hiking and skiing - but also an ideal environment for meetings between politicians and business leaders from all over the world. The ability to be a host and bring people together, even in difficult situations, is one of Klaus Schwab's greatest achievements. His connection with the mountains unites him with Davos, which he made into the leading city for meetings in the mountains with decisive impulses. According to Schwab, Davos is now nothing less than "The Best Meeting Place in the World".
Prof. Klaus Schwab is a member of various supervisory boards and administrative boards of international companies. He has been awarded numerous medals and prizes and holds honorary doctorates from several universities. He now lives in Cologny near Geneva with his wife and two children.