Stories of entrepreneurial capitalism through our 39 international editions
Around the world, licensed editions of Forbes magazine covers five continents, 25 languages and 13 time zones. They all share the same mission: to celebrate entrepreneurial capitalism in all its forms. Here’s a global perspective on the real-time business landscape.
“It hurts to see a country with such potential so wasted,” says Manuel Antelo, an auto industry veteran who turned around the struggling Nissan and Renault brands in Argentina. Now, he says, it’s his country that needs saving – chronic economic problems that end up sending homegrown talent elsewhere. (He himself moved 20 years ago.)
Felix Ohswald (pictured) and Gregor Müller have created Austria’s second most valuable startup. Valued at over $3 billion, the GoStudent digital platform connects tutors to students in 23 countries.
Ana Karina Bortoni Dias, president of Banco Bmg, faces Forbes Brazil‘s annual list of the nation’s most powerful women. The first female president of a publicly traded Brazilian bank, Dias is leading the company’s modernization process and the adoption of digital banking services.
In 2013, Forbes BulgariaThe inaugural 30 Under 30 list included Darin Madzharov. Its online education platform, Ucha.se, has grown from about $150,000 in revenue in its first year to $6 million today. It has recently expanded to Italy, Romania and Spain.
NotCo, a unicorn that got its start in Chile developing plant-based dairy and meat products, announced a partnership with Kraft Heinz in February. NotCo founder Matías Muchnick, 33 (pictured right), meets Miguel Patricio, CEO of the $26 billion (sales) US grocery giant.
Forbes Colombia releases its annual list of the country’s most promising entrepreneurs, including Carlos Guayara, Esteban Peñaloza (pictured far right) and Luis Eduardo Patt. The trio are the founders of Trii, a Robinhood-inspired trading app backed by Y Combinator that seeks to democratize access to the stock market.
Bank of Cyprus CEO Panicos Nicolaou reveals to Forbes Cyprus that after years of turbulence, the island lender has met its lending targets for 2021. Nicolaou says the loans his bank offered last year are helping the Cypriot economy recover from the pandemic.
A recent $125 million Series D funding round brought Productboard’s valuation to $1.7 billion. The San Francisco-based startup, co-founded by Czech entrepreneur Hubert Palán in 2014, offers a software platform for product managers. Clients include UiPath and Zoom.
“Present a product [to the market], you have to work day and night. The product must be of excellent quality,” says Sumesa president Jorge García. He led the Ecuadorian food and beverage maker for nearly 50 years, amassing a portfolio of 28 brands.
“Don’t think that because you are young, your voice can be rejected. You have a point of view that deserves attention.
The latest issue of Forbes Georgia pays tribute to Nikoloz Kvaratskhelia, a 30-year-old under 30 and founder of Georgian social media platform Feedc, which has 250,000 active users. Kvaratskhelia was shot last September in central Tbilisi, the country’s capital.
For its 100th issue, Forbes Hungary features 100 Hungarians and their personal success stories, including József Váradi (pictured top left), co-founder of low-cost Budapest carrier Wizz Air, and Kriszta D. Tóth (center), founder of online magazine WMN focused on lifestyle.
Forbes India chooses billionaire Prathap C. Reddy, 89, to receive his annual lifetime achievement award. Considered a pioneer in Indian private healthcare, the cardiologist founded Apollo Hospitals in 1983. Today, the group operates 71 hospitals and generates $1.5 billion in annual revenue.
An engineer trained in Haifa, Alex Bouaziz is on the cover of Forbes Israel for his work on Deel, the San Francisco-based software unicorn he co-founded in 2018 to make it easier to hire and manage remote workers.
Facade Forbes ItalyNumber 30 Under 30 from is Camilla Colucci, 28, who co-founded Circularity in 2018. Her Milan-based team runs a peer-to-peer online platform to sell or buy industrial waste – a circular economy solution for disposal or recycling indiscriminately.
Last year, Japanese publicly traded digital advertising company CyberAgent acquired content studio Babel Label, whose partners include award-winning director Michihito Fujii (pictured far left, with CyberAgent CEO Susumu Fujita) . Fujii and Fujita sat down with Forbes Japan to discuss the partnership.
On the cover of its latest issue, Forbes Kazakhstan uses the colors of the Ukrainian flag in a show of support for the neighboring nation which is suffering a Russian invasion.
Ulaanbaatar-based fashion designer Katya Zol creates clothes and accessories from Mongolian wool and cashmere. Her brand, BABA, showcased various merchandise at the World Trade Center in New York last December.
Sam Darwish, originally from Lebanon, co-founded IHS Towers in Lagos in 2001. In 2021, the telecommunications company, which operates more than 30,000 mobile phone towers on three continents and generates $1.5 billion in revenue, became public on the New York Stock Exchange.
KO Urban Detox Center, a Lima-based fitness and wellness program created by trainer Ale Llosa, grew from 5,000 to 50,000 subscribers after a digital pivot at the start of the pandemic. Physical stores are expected to open in Spain and Miami this year.
Scheduled to coincide with International Women’s Day, the first issue of the year of Forbes France features three covers featuring professional women from different parts of the world – “recognizing differences as a great asset for doing business,” writes editor-in-chief Nilza Rodrigues.
Digi Group, a telecommunications company controlled by Romanian businessman Zoltán Teszári, is expanding into the Portuguese market this year. Last year, the group completed the sale of its Hungarian operations to 4iG in a deal worth more than $700 million.
Oleg Tumanov founded Russia’s first and largest video streaming service, ivi, 12 years ago. Today, he finds himself facing powerful competitors. So did the hackers, who replaced programming in early March with independent media coverage of the war in Ukraine.
SAO TOME AND PRINCIPE
Forbes Africa Lusofona asked 22 influencers to share their outlook for pandemic recovery until 2022. Edite Ten Jua, Minister of Foreign Affairs of São Tomé and Príncipe, called on bold entrepreneurs to rethink traditional business models, starting with the tourism.
Under the leadership of President Sarah al Suhaimi, Saudi-based Tadawul Group completed an IPO last year and reached a market capitalization of $2.7 trillion, after the Riyadh-based company restructured into a group holding company with four subsidiaries, including the Saudi Exchange.
While training for the Tour de France, cycling twins Peter and Martin Velits founded the clothing brand Isadore Apparel. Nine years later, the company has clients in over 70 countries and has raised nearly $3 million to date.
With more than $800 million invested in R&D, Jusung Engineering leads Forbes Koreaof the Top 100 Energy Innovation Companies list this year. The company was founded by Chairman Hwang Chul-joo in 1993 and has developed 19 semiconductor material technologies recognized as world firsts.
Forbes Spain features Federica Tremolada in her recent lists of 50 Podcast Pioneers and 50 Women Leaders in Audiovisual Industry. As Spotify’s Managing Director for Southern and Eastern Europe, based in Milan, she oversees the streamer’s strategy across 26 countries.
Bangkok-based CP Group, a conglomerate rooted in agriculture and animal husbandry, is entering its second century – and billionaire chairman Dhanin Chearavanont envisions a day when factories no longer need human labor or farmed for meat production.
Since founding BIM Group in 1994 as the developer behind Ha Long Bay’s first international standard luxury hotel, Doan Quoc Viet has built a portfolio including solar power plants, resorts, salt fields and a cruise line. Today, at the end of his sixties, he passes the baton to his son.