Why Davos draws tycoons and Thunberg

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As the gulf between the rich and everyone else continues to grow, at least 119 billionaires are converging on Switzerland this week to join bankers, politicians and other grandees for their annual pilgrimage to the Alps.

The elite group, worth about US$500 billion (S$674 billion), includes regulars like Bridgewater Associates founder Ray Dalio, Blackstone Group chairman Steve Schwarzman and JPMorgan Chase chief executive Jamie Dimon. They appear on a guest list of more than 2,000 names, representing roughly 100 countries, for the World Economic Forum's (WEF) annual meeting in Davos.

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A version of this article appeared in the print edition of The Straits Times on January 20, 2020, with the headline Why Davos draws tycoons and Thunberg. Subscribe