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The Astonishing Fall From Grace of the 87-Year-Old ‘King of Davos’

Klaus Schwab built his empire from humble beginnings but his world has come crashing down after allegations of misusing funds, manipulating research and inappropriate behaviour with staff.

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Klaus Schwab was the undisputed “king of Davos” for 55 years. But when his downfall came, it came quickly, writes The Telegraph. The 87-year-old founder of the World Economic Forum (WEF), which holds its annual conference in the Swiss Alpine ski resort, fought to the last. But over two days in April, plagued by allegations of misuse of WEF funds, manipulation of research and inappropriate behavior towards staff, he was forced out of his persona…

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Australian Financial Review broke the news in Sydney, Australia on Sunday, July 27, 2025.
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