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

A preliminary investigation into Klaus Schwab revealed over $1 million in questionable expenses charged to the World Economic Forum and highlighted serious misconduct concerns. The probe, led by Swiss law firm Homburger, followed whistleblower complaints and scrutinized Schwab’s travel costs, including extravagant trips to luxury destinations. In April, Schwab stepped down as chair amid increasing pressure. The investigation also identified expenses linked to his wife, who had no formal role at WEF, and raised issues regarding ethical conduct and personal expenses billed to the organization.
The investigation into Klaus Schwab, launched after whistleblower complaints, identified more than $1 million in questionable expenses billed to WEF alongside serious ethical concerns.
Schwab, who transformed Davos into a hub of elite international networking, stepped down from his role in April amid growing scrutiny, having been expected to stay until 2027.
Preliminary findings indicated questionable travel expenses included $63,000 for trips to luxury destinations with little evidence linking them to Forum activities.
Investigators also uncovered 14 hotel massages billed to WEF, raising further questions regarding Schwab's personal conduct and expenses associated with the organization.
Read at Fortune
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