After two years of pandemic disruption, the World Economic Forum is back in its wintry Alpine setting, running from Jan 16 to 20. But the makeup of the billionaire guest list is decidedly different, reflecting the global upheaval that has reshaped fortunes and shifted centres of power amid war, disease and surging inflation.
It wasn’t so long ago that Russian billionaires were a fixture at Davos, as commonplace as Moncler puffer coats.
This year, there is zero. The war in Ukraine and Russia’s ostracisation by the West have effectively banished the oligarchs from the annual confab of capitalist elites.
