The World Economic Forum Turns 50

The World Economic Forum Turns 50

Written by: PaxForex analytics dept - Thursday, 23 January 2020 0 comments

This year marks the 50th anniversary for the World Economic Forum (WEF) in Davos, Switzerland. The one-week event held once per year attracts business leaders, billionaires, CEOs, and government officials from across the globe. One fact many may ignore is the money-making machine the WEF turned into. In 2019, it reported revenues of $346 million. Plenty of reports are published by the non-profit organization, with plenty of profits. What happens with the generated cashflow remains a mystery to most people, and detailed information is hard to obtain.