World Economic Forum (WEF) President Borge Brende announced his resignation on Thursday after documents revealed his past contacts with Jeffrey Epstein.

Borge Brende announced on Thursday that he is stepping down as president and CEO of the World Economic Forum (WEF), weeks after the organization launched an independent review into his past interactions with convicted sex offender Jeffrey Epstein.

The World Economic Forum (WEF) has warned that geoeconomic tensions and societal risks are the leading short-term threats globally in 2026, according to its Global Risks Report 2026, released Wednesday ahead of the Forum’s annual meeting in Davos, Switzerland.

The World Economic Forum confirmed Wednesday that it has launched an investigation into allegations made against its founder Klaus Schwab that reportedly prompting his resignation this week.

Klaus Schwab, founder of the World Economic Forum which gathers the world's business and political elite in the Swiss mountain village of Davos every year, has resigned as chair of its board of trustees, the WEF said on Monday.