In the world of growing technology, one can easily be updated with the latest news happenings. Well, one of the breaking news coming up now is from the Economic Business world. It has been reported that the founder and Chairman of World Economic Forum (WEF) is all set to move from his role of Executive Chairman to Chairman of the Board of Trustee by January 2025. However, the company has not named a Successor yet. Now, the question arises who is the Chairman of WEF? That is Klaus Schwab, an Engineer Economist. Here, in this article we dive deep to know more about the biography and back story of Klaus. So, go through the article for more in depth information. .   

    Biography Of Klaus Schwab

    Klaus Schwab also known as Klaus Martin Schwab. He was born on 30 March 1938 in Ravensburg. He later shifted to Germany due to the crisis. Well, Klaus is a German mechanical Engineer Economist and the founder of World Economic Forum. Moreover, his father was a baptized Lutheran but Klaus was raised as a Catholic. Moreover, he has been the WEF’s chairman since 1971, when the company was founded and has earned name and fame since then. 

    Early Life Of Klaus Schwab

    Klaus Martin Schwab, the economist  was born on 30 March 1938. Well he has spent his childhood days at his hometown in Ravensburg. Well, during World War 2, his family moved from Switzerland to Germany. There his father assumed the role of director of Escher Wyss AG. It is an industrial company of the Nazi regime. Thn he was raised there himself and studied hard to earn the Mechanical Engineering Economist degree. 

    The Educational Forum Of Klaus Schwab

    Schwab has a noticeable educational background, throughout his journey he has earned and has quite a number of valuable degrees to his name. 

    • He began his educational journey and attended first and second grade at a Primary School in Wadenswil district of Ay, Zurich, Switzerland. 
    • In 1957, after world war II, when Klaus moved back to Germany, there  for his Higher Studies he attended Spohn-Gymnasium in Ravensburg.
    • In 1961, he graduated with a Doctorate as a Mechanical Engineer from Swiss Federal Institute of Technology in Zurich. 
    • He also has a doctorate in Economics from the University of Fribourg
    • The Masters in Public Administration from John F. Kennedy School of Government at Harvard University 

    Klaus Schwab Family

    Now, we are going to discover Klaus’ family. So, let’s begin with the information that his parents Eugen Wilhelm Schwab and Mother Emma Glsela Schwab shifted to Germany during world war 2. His father was the director at Escher Wyss AG, while his mother was a Housewife. He was raised by three Swiss grandparents and two Swiss brothers. Moreover, information of his siblings is not present over the internet. 

    Klaus Schwab’s Relationship Status

    Schwab had married Hilde Schwab and now the couple are living life happily and fully with their family. To be precise Hilde Schwab was the former assistant of the engineer economist. The pair fell in love and decided to get married and they tied the knot back in 1971. The whole wedding took place in a Church at Sertig Valley. After marriage the couple started living in Cology, Switzerland. Soon they had two childrens and both are boys. Nicole Schwab and Oliver M. Schwab. Moreover, there is not much information about his children available. 

    Career Of Klaus Schwab

    Klaus has been quite famous because of his career line. It has not been a cake walk, but definitely an icy muddy walk. So,The career graph of the mechanical engineer economist is as follows: 

    • From 1958 to 1962 he has worked on shop floor of various company
    • Then, 1963 to 1966 he worked as a assistant of the Director General of the German Machine building Association (VDMA), Frankfurt
    • From 1967 to 1970 he became a member of the Managing Board of Sulzer Escher Wyss AG, Zurich. It is a manufacturing company with activities in several countries and has over 10,000 employees
    • Between 1972 to 2003 he was a Professor of Business Policy, at University of Geneva, Switzerland
    • Between the same time period, 1993 to 1995 he was a member of United Nations High Level Advisory Board on Sustainable Development 
    • During 1996- 1998 he was the chairman of United Nation Committee for Development Planning 

    Now, some major turning point in the life of Economist Klaus career wise:

    • In 1971 he became the founder and Executive Chairman of World Economic Forum 
    • In 1998, he co-founded Schwab Foundation for Social Entrepreneurship alongside his Wife Hilde
    • In 2004, he founded Forum of the Young Global Leaders 
    • In 2011, he was the founder of the Global Shapers Community 

    Won Klaus Schwab Awards and Achievements

    The entrepreneur has bagged several academic and honorary awards. Well, talking about all of them may take a lot of time. That’s the reason mentioned below are few of the Awards and Achievement Schwab has earned:  

    Academic Awards and Doctaries Honors

    When it comes to understanding the success of any personality we focus on the awards and achievements they have bagged. So, The academic Awards and Honors Klaus has bagged are as follows: 

    • In 1991 he earned Honorary Doctorate of Bishop’s University, Lennoxville, Québec, Canada
    • In 1992 he won Honorary Doctorate of Universidad Autonoma de Guadalajara, Mexico
    • Now, In 1996 he was honored with Honorary Doctorate of Economic University Bratislava, Slovak Republic
    • In 1999 he was honored with Honorary Doctorate of Swiss Federal Institute of Technology, Lausanne, Switzerland
    • In 1999 he honored with Honorary Doctorate of Philosophy of Ben-Gurion University of the Negev, Beersheva, Israel
    • In 2002, honored by Honorary Doctorate of Science of London School of Economics and Political Science, London, United Kingdom
    • In 2008 he received Honorary Doctorate of Humanities Kazan State University, Tatarstan
    • 2009 he receivedHonorary Doctorate of the University of Latvia
    • In the same 2009 year, he receivedHonorary Doctorate of the European Business School, Germany
    • In 2009 he had received Honorary Doctorate of Nankai University, Tianjin, People’s Republic of China
    • In 2010 he had receivedHonorary Doctorate of Economics of the Vietnam National University, Ho Chi Minh City
    • In 2011 he was honored with Honorary Doctorate of Economics of the University of Lausanne, Switzerland
    • In 2012, he earned Honorary Doctorate of Business Administration of Chulalongkorn University, Bangkok, Thailand
    • In 2015, he had Honorary Doctorate of Science of KAIST, Daejeon, Republic of Korea
    • In 2017 he received Honorary Doctorate of Philosophy of Haifa University, Israel
    • Then, in the same year he received Honorary Doctorate of Letters of the National University of Singapore and Honorary Doctorate of Kaunas University of Technology, Lithuania

    Some Selected Awards

    Now, Let’s bring our attention to some of the selected awards of Klaus Schwab while will be engraved with golden pens in the history, These awards are as follows:

    • In year 2000, he achieved Annual Award of the International Institute of Education 
    • In 2001, Candlelight Award presented by UN Secretary-General Kofi Annan
    • In year 2002, he won Annual Award of the Fondation pour Genève
    • Back in 2004, he had Dan David Prize, Tel Aviv University
    • In year 2005, he won Transatlantic Bridge Award 2006 Freedom of the City of London
    • Next, In 2006 he received UCD Ulysses Medal , University College Dublin, Ireland
    • In 2007, he won Admission into the German Business Hall of Fame
    • In the year 2010, he had won Atlantic Council Global Citizen Award
    • In 2016, he won Reinhard Mohn Price for Responsible Entrepreneurship
    • Finally in year 2018, he won Global Economy Price, Kiel Institute for the World Economy

    Klaus’s Net Worth

    The Exact net worth and mount earned by Klaus Schwab is unknown. But one thing is clear: he is a multimillionaire and earns a lot.  As reported by various sources his estimated net worth is between $11 Million to $25 Million.

    Summary

    In short, Klaus Schwab born on 30 March 1938 is a Mechanical Engineer Economist. He is a big name when it comes to business and economics. The founder of WEF has been in the news recently because of the information of him leaving the Chairman post. However, his career graph, awards, family and more related information has been shared above. So, one may go through the article for in depth knowledge.