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===Membership=== The foundation is funded by its 1,000 member companies, typically global enterprises with more than five billion dollars in turnover (varying by industry and region). These enterprises rank among the top companies within their industry and/or country and play a leading role in shaping the future of their industry and/or region. Membership is stratified by the level of engagement with forum activities, with the level of membership fees increasing as participation in meetings, projects, and initiatives rises.<ref>{{cite web |url=http://www.weforum.org/members |title=Members | World Economic Forum-Members |publisher=Weforum.org |access-date=22 January 2012 |archive-date=17 January 2012 |archive-url=https://web.archive.org/web/20120117115853/http://www.weforum.org/members |url-status=live }}</ref> In 2011, an annual membership cost $52,000 for an individual member, $263,000 for "Industry Partner" and $527,000 for "Strategic Partner". An admission fee costs $19,000 per person.<ref>{{cite web |title=The Truth About Davos: Here's Why People Happily Pay $71,000+ To Come β And Why They'll Keep Paying More Every Year |website=Business Insider |date=26 January 2011 |url=http://www.businessinsider.com/costs-of-davos-2011-1 |access-date=24 January 2017 |archive-date=8 January 2017 |archive-url=https://web.archive.org/web/20170108065945/http://www.businessinsider.com/costs-of-davos-2011-1 |url-status=live }}</ref> In 2014, WEF raised annual fees by 20 percent, bringing the cost for "Strategic Partner" from CHF 500,000 ($523,000) to CHF 600,000 ($628,000).<ref>{{cite news |title=Sky-high Davos summit fees leave multinationals feeling deflated |newspaper=The Financial Times |date=10 October 2014 |url=https://www.ft.com/content/e8a128cc-4fc8-11e4-a0a4-00144feab7de |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/e8a128cc-4fc8-11e4-a0a4-00144feab7de |archive-date=10 December 2022 |url-access=subscription}}</ref>
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