World Economic Forum Founder Klaus Schwab Under Investigation for Corruption, Steps Down
- by: Matt Palumbo
- April 23, 2025
- Source:
Silverloch
- 04/23/2025
It’s always the ones you most expect, isn’t it?
Klaus Schwab, best known for declaring at the World Economic Forum that “you will own nothing and you will be happy,” is under investigation for corruption.
He resigned yesterday, over a half-century after creating the WEF, “with immediate effect.”
And now we know why.
According to Politico EU:
The WEF confirmed on Wednesday that it has launched an investigation into allegations against its founder Klaus Schwab following a whistleblower letter that reportedly prompted his resignation.
In a statement released Wednesday, the WEF said its board unanimously supported the decision to initiate an independent investigation, confirming an earlier report by the Wall Street Journal.
The whistleblower letter — allegedly sent by current and former staff — accuses Schwab of financial misconduct, including misuse of WEF funds and inappropriate treatment of employees. His wife, Hilde Schwab, is also accused of using WEF resources for personal travel. Schwab has strongly denied all the claims.
In other words, he (allegedly) wanted to own a lot of things to be happy.
The board unanimously voted for Peter Brabeck-Letmathe to be interim Chair. Brabeck-Letmathe was formally the CEO of Nestle, and believes that declaring water a "human right" is extreme.
