00:06:11.160This organization meets annually in Davos, Switzerland.
00:06:14.920It convenes regional summits, industry summits, and other events around the world.
00:06:19.120Their revenue streams is funded through world's most significant business entities who join the forum as members and partners.
00:06:25.900In order to participate, approximately 1,000 corporations hold memberships in World Economic Forum, including Google, Apple, Microsoft, Amazon, and many others, which we'll take a look at.
00:06:34.800Membership and partnership fees varies from $60,000 annually to $595,000 annually, according to Bloomberg.
00:06:42.400And in 2022, there were approximately 2,000 delegates, including Al Gore, John Kerry, Christine Lagarde, Jen Stoltenberg, Ursula von der Leyen, Henry Kissinger, George Soros, and many other high-profile names.
00:06:55.460You may be curious about the financial statement, what kind of money they're making, what kind of money they're paying.
00:07:00.080In the last six years, in 2017, they had total expenses of $278 million, of which they paid $108 million to staff, and $170 million to office and activity.
00:07:10.220And that led all the way down to today, 2022, $383 million in expenses, $130 million to staff, $252 million to office and activity.
00:07:19.560$383 million, it's a good number of what they're spending every year, and they're able to get a lot of money from a lot of big names.
00:07:24.560I'll read you some of the companies right now, but you may ask, why are companies partnering with World Economic Forum?
00:07:29.380Here's what McKinsey said on what the benefits are to join World Economic Forum.
00:07:33.620WF partners with many international organizations and corporations to run projects addressing global concerns.
00:07:39.220This year, collaborations are focused on pursuing a net zero pathway, nurturing resilience, reimagining globalization, and supporting diversity, equity, and inclusion, which is DEI, in every part of society.
00:07:51.380Do you see some touches of ESG in there?
00:07:53.860I kind of read that the DEI equals ESG, CEI, Corporate Equity Index Score, all that stuff.
00:07:59.080That's kind of what you're hearing from one of the biggest consulting firms in the world, McKinsey.
00:08:03.580Now, if you're wondering what other companies are part of, let's read through some of the lists here that you may know.
00:10:09.740You either wrote the book, published the book, drafted the book, printed the book in three, four months, or you kind of timed it very well.