The New Klaus Schwab

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BlackRock CEO Larry Fink Appointed to Lead the World Economic Forum

August 20, 2025 Jon Bowne 5

Reuters reported that last week, the World Economic Forum (WEF) closed an investigation on its founder Klaus Schwab, 87, clearing him of any wrongdoing after a whistleblower alleged the Schwab family mixed their personal affairs with the forum’s resources without proper oversight. Schwab filed a criminal complaint and separate legal action against the whistleblowers; he intends to drop the cases.

WEF appointed BlackRock CEO Larry Fink and Roche Holding’s vice-chair Andre Hoffmann as interim co-chairs of its board. They said that they look forward to reinventing and strengthening the organization.

Jon Bowne reported that BlackRock controls $10 trillion in assets and has stakes in 14,000 companies worldwide. RFK Jr. said that BlackRock, Vanguard and State Street own each other and that they own 89% of the S&P 500. He said that BlackRock is set to own 60% of all US single family homes in the US by 2030.

Fink is expected to turbo-charged push for digital assets, ESG policies, and global governance that threatens national sovereignty. BlackRock manages the largest Bitcoin and Etherium ETFs, valued at nearly $95 billion. Crypto is a tool for surveillance and control.

from:    https://needtoknow.news/2025/08/blackrock-ceo-larry-fink-appointed-to-lead-the-world-economic-forum/