Stories Of Entrepreneurial Capitalism Across Our 39 International Editions | #cybersecurity | #cyberattack


Across the planet, the licensed editions of Forbes magazine span five continents, 25 languages and 13 time zones. They all share the same mission: celebrating entrepreneurial capitalism in all its forms. Here’s a global perspective on the business landscape in real time.


ARGENTINA

“It hurts to see a country with so much potential so wasted,” says Manuel Antelo, an auto industry veteran who turned around Argentina’s struggling Nissan and Renault brands. Now, he says, it’s his country that needs saving—from chronic economic problems that end up sending native talent elsewhere. (He himself moved away 20 years ago.)


AUSTRIA

Felix Ohswald (pictured) and Gregor Müller have created Austria’s second-most-valuable startup. Valued at north of $3 billion, digital platform GoStudent connects tutors to pupils in 23 countries.


BRAZIL

Ana Karina Bortoni Dias, president of Banco Bmg, fronts Forbes Brasil’s annual list of the country’s most powerful women. The first female president of a publicly traded Brazilian bank, Dias is leading the company’s modernization process and adoption of digital banking services.


BULGARIA

In 2013, Forbes Bulgaria’s inaugural 30 Under 30 list included Darin Madzharov. His online education platform, Ucha.se, has grown from about $150,000 in revenue its first year to $6 million today. It recently expanded into Italy, Romania and Spain.


CHILE

NotCo, a unicorn that got its start in Chile developing plant-based dairy and meat, announced a partnership with Kraft Heinz in February. NotCo founder Matías Muchnick, 33 (pictured right), meets with Miguel Patricio, CEO of the $26 billion (sales) American food giant.


COLOMBIA

Forbes Colombia publishes its annual list of the country’s most promising entrepreneurs, including Carlos Guayara, Esteban Peñaloza (pictured far right)and Luis Eduardo Patt. The threesome are the founders of Trii, a Robinhood-inspired trading app backed by Y Combinator that seeks to democratize access to the stock market.


CYPRUS

Bank of Cyprus CEO Panicos Nicolaou reveals to Forbes Cyprus that, after years of turmoil, the island lender achieved its lending targets for 2021. Nicolaou says the loans his bank offered last year are helping the Cypriot economy recover from the pandemic.


CZECH REPUBLIC

A recent $125 million Series D round boosted Productboard’s valuation to $1.7 billion. The San Francisco-based startup, cofounded by Czech entrepreneur Hubert Palán in 2014, offers a software platform for product managers. Customers include UiPath and Zoom.


ECUADOR

“To introduce a product [to the market], you need to work night and day. The product needs to be of excellent quality,” says Sumesa president Jorge García. He has led the Ecuadorian food-and-beverage manufacturer for nearly 50 years, amassing a portfolio of 28 brands.


FRANCE

“Don’t think that because you’re young, your voice can be rejected. You have a point of view that deserves attention.”

—American actress, activist and L’Oréal Paris ambassador Jane Fonda in an interview with Forbes France

GEORGIA

The latest issue of Forbes Georgia honors Nikoloz Kvaratskhelia, a 30 Under 30 alum and founder of Georgian social media platform Feedc, which has 250,000 active users. Kvaratskhelia was shot and killed last September in the center of Tbilisi, the country’s capital.


HUNGARY

For its 100th issue, Forbes Hungary features 100 Hungarians and their stories of self-made success—including József Váradi (pictured upper left), cofounder of Budapest’s low-cost carrier Wizz Air, and Kriszta D. Tóth (center), founder of lifestyle-focused online magazine WMN.


INDIA

Forbes India chooses billionaire Prathap C. Reddy, 89, to receive its annual Lifetime Achievement Award. Considered a pioneer of Indian private healthcare, the cardiologist founded Apollo Hospitals in 1983. Today the group operates 71 hospitals and generates $1.5 billion in annual revenue.


ISRAEL

An engineer trained in Haifa, Alex Bouaziz makes the cover of Forbes Israel for his work on Deel, the San Francisco-based software unicorn he cofounded in 2018 to make it easy to hire and manage remote workers.


ITALY

Fronting Forbes Italy’s 30 Under 30 issue is 28-year-old Camilla Colucci, who cofounded Circularity in 2018. Her Milan- based team runs an online peer-to-peer platform to sell or buy industrial waste—a circular-economy solution to disposal or blindly recycling.


JAPAN

Last year, publicly traded Japanese digital advertising company CyberAgent acquired content studio Babel Label, whose associates 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.


KAZAKHSTAN

On the cover of its latest issue, Forbes Kazakhstan employs the colors of the Ukrainian flag in a show of support for the nearby nation enduring a Russian invasion.


MONGOLIA

Ulaanbaatar-based fashion designer Katya Zol creates clothing and accessories using Mongolian wool and cashmere. Her brand, BABA, displayed various wares in New York’s World Trade Center last December.


NIGERIA

Lebanon native Sam Darwish cofounded IHS Towers in Lagos in 2001. In 2021, the telecom, which operates more than 30,000 cellphone towers across three continents and does $1.5 billion in revenue, went public on the New York Stock Exchange.


PERU

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 early in the pandemic. Physical stores are set to open in Spain and Miami this year.


PORTUGAL

Timed to coincide with International Women’s Day, the year’s first issue of Forbes Portugal presents three covers featuring professional women from different parts of the world—“in recognition of differences as a great asset in terms of doing business,” writes editor Nilza Rodrigues.


ROMANIA

Digi Group, a telecom controlled by Romanian businessman Zoltán Teszári, is expanding into the Portuguese market this year. Last year, the group completed the sale of its operations in Hungary to 4iG in a transaction worth more than $700 million.


RUSSIA

Oleg Tumanov founded Russia’s first and largest video streaming service, ivi, 12 years ago. These days, he finds himself facing powerful competitors. Hackers, too, who substituted programming in early March with independent news coverage of the war in Ukraine.


SÃO TOMÉ AND PRÍNCIPE

Forbes Africa Lusófona asked 22 influential people to share their outlook for pandemic recovery through 2022. Edite Ten Jua, São Tomé and Príncipe’s minister of foreign affairs, called on bold entrepreneurs to rethink traditional business models, starting in the tourism sector.


SAUDI ARABIA

Under the leadership of chair Sarah al Suhaimi, Saudi Tadawul Group completed an IPO last year and reached a market cap of $2.7 trillion—after the Riyadh company restructured into a holding group with four subsidiaries, one being the Saudi Exchange.


SLOVAKIA

While training for the Tour de France, cyclist twins Peter and Martin Velits founded clothing brand Isadore Apparel. Nine years later, the company has customers in more than 70 countries and has raised nearly $3 million to date.


SOUTH KOREA

With over $800 million invested in R&D, Jusung Engineering leads Forbes Korea’s list of Top 100 Power Innovation Companies this year. The company was founded by chairman Hwang Chul-joo in 1993 and has developed 19 semiconductor material technologies recognized as world firsts.


SPAIN

Forbes Spain features Federica Tremolada in its recent lists of 50 podcast trailblazers and 50 leading women in the audiovisual business. As Spotify’s managing director for Southern and Eastern Europe, based in Milan, she oversees the streamer’s strategy in 26 countries.


THAILAND

Bangkok-based CP Group, a conglomerate rooted in agriculture and livestock, enters its second century—and billionaire senior chairman Dhanin Chearavanont envisions a day when factories won’t require human labor, or animal husbandry for meat production.


VIETNAM

Since founding BIM Group in 1994 as a 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. Now in his late 60s, he’s passing the baton to his son.



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