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Fortune
Fortune
Lily Mae Lazarus

World Economic Forum founder Klaus Schwab and his wife cashed in on Davos with over $1 million in questionable travel expenses, investigation finds

Klaus Schwab on stage (Credit: FABRICE COFFRINI—AFP/Getty Images)
  • A preliminary investigation into Klaus Schwab, the founder of the World Economic Forum, identified more than $1 million in questionable expenses billed to WEF and several other serious misconduct and academic-integrity concerns. 

Klaus Schwab, the founder of the World Economic Forum, is at the center of a growing scandal after preliminary findings from an internal probe into allegations of unauthorized spending, workplace misconduct, and manipulation of key research reports were leaked to several media outlets. The investigation into Schwab, launched earlier this year in response to whistleblower complaints, threatens to tarnish the WEF leader’s legacy and the reputation of the Forum he led for over five decades. Preliminary findings from investigators identified more than $1 million in questionable expenses billed to WEF by Schwab along with several other personal conduct and ethical concerns. 

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