Forbes India Magazine - May 07, 2021

In this issue

Our latest edition is about the annual Forbes World’s Billionaires List. Despite it being a pandemic year, the number of the world’s wealthiest skyrocketed to 2,755—660 more than a year ago. Jeff Bezos tops the list while Elon Musk climbs to the second spot. Only the US and China have more billionaires than India. Our cover story is on banking’s newest billionaire, Sanjay Agarwal, who debuts on the list with a net worth of $1.3 billion. His AU Small Finance Bank has seen its loan assets and revenue increase exponentially since 2017. He now wants the bank to be counted among its larger peers. There are also stories on India’s unicorn party and whether foreign vaccines can help the country fight the second wave of the coronavirus.

Banking's Newest Billionaire

With a net worth of $1.3 billion, Sanjay Agarwal debuts on Forbes’s list of world’s billionaires. His AU Small Finance Bank aims to be counted among its larger peers over the next decade

9 mins

SRF's Coming of Age

How Arun Bharat Ram’s sons have transformed the maker of nylon tyre cord into a specialty chemical player with global scale

6 mins

Wealth-Creation In A Pandemic

Covid-19 brought terrible suffering, economic pain, geopolitical tension—and the greatest acceleration of wealth in human history. Why this pandemic paradox could become a cause for celebration, not concern

10+ mins

Revenge Of Winklev

After losing an epic battle with Mark Zuckerberg over ownership of Facebook and being shunned in Silicon Valley, Cameron and Tyler Winklevoss are back— this time as budding bitcoin billionaires at the centre of the future of money, the creative economy and quite possibly a new operating model for Big Tech itself

10+ mins

One-Woman Show

Judy Faulkner, the billionaire founder of Epic Systems, pioneered—then dominated—electronic medical records. She’s been the industry’s leading actor for decades, but now the pandemic is fuelling a digital health care race that may finally cost her the spotlight

10+ mins

The Friendly Assassin

David Vélez set out to kill off the fat fees and lousy service of Brazil’s big banks. The operation succeeded beyond his wildest dreams: Today, his no-fee Nubank is the most valuable digital bank in the world, with 35 million customers—and he’s gunning for more

10 mins

The Outsider

FRANK SLOOTMAN DOESN’T START COMPANIES. BUT NO ONE IN BUSINESS HISTORY HAS A BETTER TRACK RECORD OF TURNING THE IDEAS OF OTHERS INTO JACKPOTS. WITH $80 BILLION SNOWFLAKE, THE BIGGEST SOFTWARE IPO EVER, HE’S REWRITTEN THE PLAYBOOK

10+ mins

A Higher Calling

Billionaire Beau Wrigley is building his cannabis company, Parallel, to be bigger than his family’s chewing gum business—and he’s not banking on getting consumers stoned

7 mins

FUNNY GUY

Multi-hyphenate comedian Danish Sait has broken out of his regional playground during the lockdown months and expanded his footprint nationally. And he’s only getting started

9 mins

THE RISING

European-style breads have gone mainstream in urban India, thanks to a growing bunch of bakers, and a push from the Covid-19 pandemic

8 mins

Read all stories from Forbes India

Forbes India Magazine Description:

Forbes is the world’s leading business magazine and since its inception in 1917, Forbes has stood, unwavering, for one overriding principle: the unshakable belief in the power of free enterprise.
Forbes mission has always been clear and unchanging: to provide insights and information that ensure the success of the world’s most influential. Faithfully fulfilling that promise is what draws today's most influential business leaders to Forbes. These high-powered decision-makers represent a community of like-minded individuals bound by their unshakable belief in the spirit of free enterprise. They contribute to it, profit from it and their lives are better for it. For them, Forbes is the quintessential Capitalist Tool.
True to its pedigree, Forbes India has donned on the role of the drama critic to Indian business. Since its launch in 2009, the magazine has helped readers connect the dots, form patterns and see beyond the obvious, giving them a perspective beyond the obvious.