ECONOMY


Mega rich group of 119 guests worth $500BN will descend on Davos for World Economic Forum

Baku, January 20, AZERTAC

A group of ultra-wealthy guests worth a total of $500billion are to arrive for the Davos summit where President Trump is expected to renew his feud with teenage climate activist Greta Thunberg, according to Daily Mail.

The guest list for this year's World Economic Forum meeting in Switzerland next Tuesday stretches to more than 2,000 names, representing around 100 countries.

The elite group includes regular attendees such as Ray Dalio, founder of Bridgewater Associates LP, Steve Schwarzman, chairman of Blackstone Group Inc. and JPMorgan Chase & Co. CEO, Jamie Dimon. It is thought President Donald Trump will renew his running battle with young climate campaigner, Greta Thunberg, when they join the A-list movers and shakers attending the 50th anniversary of the Davos conclave. Six of those attending are in the world's 500 richest people, with the biggest amount of guests coming from the US, which has 33, followed by India with 19 heading to Davos. Many attendees arrive by private jet and prices for food is said to be at eye-watering levels, including $43 for a hot dog. From climate change to tensions in the Middle East, via trade conflicts and fears of pandemics, the more than 3,000 delegates at the World Economic Forum will thrash out challenges as imposing as the surrounding Swiss Alps.

The WEF has come a long way since its inaugural edition in 1971 and if the main business of Davos remains deal-making among corporate titans, climate change has come to dominate the catalogue of long-term planetary risks identified in a pre-meeting report compiled by the forum.

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