The World Economic Forum is best known for its annual meeting, held each January in Davos, Switzerland, where political leaders, CEOs, and other prominent figures gather to discuss global challenges and opportunities. Founded in 1971 by German economist Klaus Schwab, the forum’s gathering—known colloquially as “Davos”—has grown into a central convening space for elite cross-sector dialogue, combining public sessions with private meetings that often influence policy, business strategy, and diplomacy behind the scenes.
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In 2010, "60 Minutes" gained rare, near-unprecedented access to the World Economic Forum, with Scott Pelley roaming Davos’ exclusive meetings and elite spaces. See how global power brokers mingle, negotiate, and shape agendas offstage at the event.
Klaus Schwab founded the World Economic Forum in 1971 and spent five decades promoting stakeholder capitalism and cross-sector cooperation among elites. Under his leadership, Davos became a hub for global power brokers. Schwab stepped down from the role in April 2025 amid accusations of misconduct.
Access to Davos’ most exclusive events often comes at a steep price: Annual WEF dues can exceed $50K, premium membership can reach $500K, and attendance adds high costs for travel, lodging, security, and credentials.
Each year, Davos draws one of the most exclusive guest lists in the world. In 2025, attendees included 60 heads of state, over 900 CEOs and corporate chairs, and top leaders from global civil society, who gathered in the Swiss Alps.
Produced by the World Economic Forum, "Radio Davos" is the forum’s weekly podcast, featuring interviews with global leaders, policymakers, executives, and thinkers on issues ranging from climate change and inequality to technology, work, and geopolitics.
Each year, Davos introduces a new overarching theme to guide the discussions at the event. The 2026 World Economic Forum theme is intended to spark conversation around global challenges including cooperation in a contested world, investing in people, deploying innovation responsibly at scale, building prosperity within planetary boundaries, and more.
This interactive traces the World Economic Forum’s evolution from a small European meeting in the 1970s into a global power hub, highlighting pivotal moments in Davos, landmark speeches, and turning points that have shaped its outsized influence on world affairs.
Davos provides a forum for unlikely meetings: FW de Klerk met with Nelson Mandela and Mangosuthu Buthelezi during South Africa’s transition from apartheid, North and South Korea held their first-ever ministerial talks, and East and West German leaders discussed reunification.
Speaking directly to an audience of billionaires and CEOs, Bregman broke from Davos norms by challenging elite comfort with inequality, arguing that fair taxation—not philanthropy—was the more honest solution, creating one of the Forum’s most widely shared moments.
Beyond its annual Davos meeting, the World Economic Forum operates year-round through 11 centers that convene governments, corporations, and experts to coordinate initiatives around topics such as AI, cybersecurity, energy, climate change, health, finance, trade, geopolitics, and emerging technologies.
The United States is home to more than 33 million businesses, the vast majority of which are small businesses, with millions being created (and others closing shop) every year. These businesses often rely on loans, provide the goods and services that keep the economy flowing, and sometimes even grow large enough to enter public markets or provide private investment opportunities. Explore key topics central to business and finance, from the role of the Federal Reserve to how initial public offerings work, how millions of American students finance higher education, and more.