Here's what you should know ahead of Saturday's competition. Didn't a global pageant just happen? Yes. But that was Miss Universe, a competitor pageant that was founded years after Miss World by a swimsuit company (hence the swimsuit competition). Miss World is one of the four major global beauty pageants, and the oldest, the organization says, at almost 70 years old. Miss World delegates from 111 countries spend a month in London competing in events like "Sport," "Talent" and "Beauty with a Purpose" to secure their spot in the televised finale. Miss Universe lasts only a few days.