By by Tyler Durden | Zero Hedge
‘You’ll own nothing in retirement and be happy’…
With the organization he founded 50 years ago bringing in nearly $500 million in revenue in the year ending March 2023 (and sitting on a neat pile of 200 million Swiss francs cash), Klaus Schwab will own some things as he reportedly steps back from his role running the World Economic Forum has has headed since 1971.
Semafor reports that Schwab announced his intentions to step down as executive chairman in an email to staff on Tuesday that was shared with Semafor by a person connected to the organization.
The change in his role is pending approval by the Swiss government but should be finalized ahead of the WEF’s annual meeting in 2025.
Schwab, now 86, will be transitioning to a role as non-executive chairman.
But Globalists should not worry about their agenda as Semafor reports that Schwab has seeded his organisation with various family members to take up the tyrannical new world order torch – Schwab’s children appointed to high-ranking positions and his wife Hilde heading the organization’s foundation and awards ceremonies in Davos.
Will Schwab and Soros retire on a deserted island together to watch the end of the chaotic world they enabled from a distance?
