After 55 years as the founder and sole chairman of the WEF, Klaus Schwab is out

WORLD ECONOMIC FORUM UPDATE 23:

After 55 years as the founder and sole chairman of the WEF, Klaus Schwab is out.

But don’t expect an ideological shift.

The WEF will remain the HOA from Hell. Replacing him are BlackRock CEO Larry Fink, manager of $14 trillion in assets, and Roche Holding CEO André Hoffman, the largest family-owned pharmaceutical company in the world.

This signals the WEF is completely out of touch. The arrogance here is staggering.

WORLD ECONOMIC FORUM UPDATE 23:

After 55 years as the founder and sole chairman of the WEF, Klaus Schwab is out.

But don’t expect an ideological shift.

The WEF will remain the HOA from Hell. Replacing him are BlackRock CEO Larry Fink, manager of $14 trillion in assets, and… pic.twitter.com/nrxq4vonIJ

— Larry Alex Taunton (@LarryTaunton)January 20, 2026