Let’s talk about Klaus Schwab and his WEF network. ‘Not for profit’ in his case seems to mean not for anyone else’s profit.
It’s estimated that Klaus Schwab has a net worth of $25-100 million. The true extent of his wealth isn’t clear. Do you think he’s modestly wealthy or secretly super rich?
Schwab’s greatest accomplishment is his entrepreneurial spirit. He turned the Forum into a glittering gathering of the world’s richest people. He’s gotten there by ingratiating himself with power players, especially billionaires-a tribe known as Davos Man. Schwab has created a sanctuary for the obscenely wealthy. There, they can pursue deals and shenanigans while feeling confident about doing something good.
His outfit, the World Economic Forum brings together business, government, academia, and society at large to improve the state of the world. Through public-private partnerships, the World Economic Forum acts as a catalyst for thought leadership and action.
Based in Geneva, Switzerland, the World Economic Forum is impartial and apparently it’s not tied to any political, partisan or national agenda.
Every year, big companies pay millions to be Strategic Partners. Then there are the donors. The Gates Foundation and Wellcome Trust are big WEF donors.
During his 50 years leading WEF, Klaus Schwab earned a lot of money. The WEF is largely owned by him.
G20 – Here’s Klaus Schwab, on the great Great Reset none of you voted for.
“Deep systemic restructuring of our world and this will take some time. And the world will look differently after we have gone through this transition process”
Unelected elites have stolen your choices. pic.twitter.com/RYYIPMmD2T
— Bernie's Tweets (@BernieSpofforth) November 15, 2022
Now the Davos Man has pillaged the global economy, exploited workers, plundered housing and health care, and dismantled government programs. In addition, he transferred the bounty to his personal bank accounts in distant countries far from tax collectors. Inequality is a powerful threat to peace, a source of mass grievances that have helped anti-democratic populists gain power.
Next we have the Schwab Foundation for Social Entrepreneurship a sister organization of the World Economic Forum that accelerates social innovation.
With the Schwab foundation, Schwab has transferred assets from the WEF into his private company (there are no records in WEF files on how much it was valued at), yet he has built another personal fortune with those assets. He uses WEF’s wealth a lot.
The WEF and its not-for-profit status aren’t what you think they are: In 2019 it employed over 800 people, the WEF had a revenue of $344 million – that’s from paid memberships from corporations and billionaires.
The annual Davos conference costs an eye-watering $19,000 per person. In Switzerland, WEF is tax-exempt.
Then there’s the $596 million in assets on the balance sheet, and the Forum has spent almost 70 million Swiss francs (nearly $80 million) on land in the area, including two parcels that join Schwab’s house and the Forum’s headquarters.
Back in the 1990s, when there were only a few dozen Forum staff and Schwab’s salary was tied to the United Nations secretary general’s, giving him about $400,000 a year.
Klaus also has some side hustles (related to the WEF). His special ‘The Schwab Foundation’ was set up using WEF assets; the cost of transferring these assets is undisclosed. When asked about transferring all of the WEF’s for-profit ventures to the Schwab Foundation, Schwab said it was “to shield the forum against the risks of commercial activities”.
With assets of over $130 million, he runs that alone with two accountants.
Schwab’s foundation also invested in Think Tools AG, a Swiss consultancy that became public. The Schwab Foundation’s stake was worth about $70 million. Also, he has a $45 million stake in a US internet company called Industry to Industry Inc. (According to the Wall Street Journal)
Also a Boston video conferencing company in which WEF had invested over $5 million was transferred to the Schwab Foundation. The company’s assets were sold four months later, and he got $15.1 million in US Web stock. The Swiss said this was no problem.
Switzerland exempts all charitable foundations from taxes. While he and his foundations tell you to pay more taxes, it’s worth noting that he erm… doesn’t.
Also, don’t forget his family home is at the end of the driveway at the WEF’s headquarters in Cologny, Switzerland, and was paid for with WEF funds. It’s estimated to be worth around $11 million.
The WEFs Klaus Schwab declared publicly that excessively high management salaries were ‘no longer socially acceptable’, while as WEF’s executive chairman, he receives 1million Swiss Francs annually (that’s £825,000, €990,000 or $1.1million). pic.twitter.com/r6JNEmwGZh
— Sikh For Truth (@SikhForTruth) April 20, 2022
As WEF’s executive chairman, Klaus Schwab gets 1.1 million Swiss Francs a year (that’s £825,000, €990,000 or $1.1 million).
Before Schwab started his “for the good of mankind” mission, he earned $65,000 a year as a lecturer. Now Klaus has had a lot of fun lecturing you on global equality.
Success is awesome, and I’m not envious of wealth.
Life is what you make it. But by pretending that you’re only motivated by treating everyone equal, while lining your own pockets with others’ efforts, it makes you a con artist.
Arise Sir Klaus.
KLAUS SCHWAB – Has a Knighthood.
“in recognition of his relentless leadership in resolving the most burning problems of humankind & in bringing people of different faiths together”
They kept it so quiet Google has misplaced all the news articles 🤷♀️
Infiltration you say? pic.twitter.com/tDybGSU8nD
— Bernie's Tweets (@BernieSpofforth) December 2, 2022