Klaus Martin Schwab (born March 30, 1938) is a German economist, best known as the founder and executive chairman of the World Economic Forum. His wife and former secretary, Hilde, co-founded the Schwab Foundation for Social Entrepreneurship with him. He was born in 1938 in Ravensburg, Germany.
In 1971, Schwab founded the World Economic Forum as a not-for-profit foundation committed to improving the state of the world, later building it into today's global partnership of business, political, and intellectual leaders.
In 1998, Schwab and his wife founded the Schwab Foundation for Social Entrepreneurship, a non-profit organization based in Geneva, Switzerland.