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Klaus Martin Schwab was born on March 30, 1938, in Ravensburg, Germany, to Eugen Schwab, a factory director, and an unnamed mother with Swiss parents. He has degrees in Economics and Engineering from Swiss universities and a Master of Public Administration from Harvard. Schwab has 17 honorary doctorates and is the founder of the World Economic Forum (WEF), which he started in 1971. He has been criticized for the WEF's security costs, which are covered by tax money, and has written a book called "COVID-19: The Great Reset". Schwab's life is marked by connections to influential people and families, including the Bodmer family, who have ties to the silk manufacturing industry and the International Red Cross. The Bodmer family's estate in Au, where Schwab spent part of his childhood, has a connection to the Werdmueller family, who have a history of working with the Venetians. Martin Bodmer, a member of the Bodmer family, was a collector and publisher who launched a literary review called CORONA in 1930. The WEF's headquarters is located near the Bodmer family's estate in Cologny, Switzerland, and Schwab's wife, Hilde Stoll, is connected to the Stoll family. Schwab's children, Nicole and Oliver, work for the WEF.