“He Has an Incredible Knack to Smell the Next Fad”: How Klaus Schwab Built a Billionaire Circus at Davos

Klaus Schwab, the ringmaster of festivities at the World Economic Forum in Davos, has been known to tell underlings that he anticipates one day receiving a Nobel Peace Prize. In a surprise to no one else, Oslo has yet to ring. Schwab’s greatest accomplishment is decidedly entrepreneurial. He has developed the Forum from an earnest meeting of policy wonks into a glittering assembly of the world’s richest people. He has achieved this by ingratiating himself with those who wield power, and especially the billionaire class—a tribe known as Davos Man. Schwab has constructed a refuge for the outlandishly wealthy, an… Read Full Article