Klaus Martin Schwab is a Swiss economist and businessman, best known as the president and founder of the World Economic Forum. Schwab built the World Economic Forum as into a global partnership of business, political, and intellectual leaders. In 1998, he and his wife founded the Schwab Foundation for Social Entrepreneurship, a non-profit organization based in Geneva, Switzerland.
In 2004, Schwab founded a new foundation, the Forum of Young Global Leaders, which aims to bring together over 1000 people under 40 who have demonstrated their commitment to improving the state of the world. The foundation encourages them to work together over the span of five years to identify and realize global change.
Source - Wikipedia.