Forbes Indonesia - May 2021

In this issue

A centuries old aphorism, popularized by William Shakespeare in his play The Merchant of Venice, could be an apt description of current investment market trends with surging digital assets and digitally enhanced companies driving the markets. After growing 3.3x in 2020 to $668 billion, the market capitalization value of all cryptocurrencies and tokens has soared dramatically in 2021, standing presently at over $2 trillion according to the cryptocurrency tracking site coinmarketcap.com.

Positioned for Growth

Kimberly-Clark Softex taps Indonesia to win the Southeast Asia personal care market.

4 mins

A BILLIONAIRE A DAY

THIS YEAR, FORBES TRACKED DOWN A RECORD 493 NEW BILLIONAIRES— ROUGHLY ONE EVERY 17 HOURS. JUST OVER 40% HAIL FROM CHINA; 20% FROM THE U.S. PROMINENT ROUTES TO NEW RICHES: IPOS, SPACS, CRYPTOCURRENCIES AND COVID-RELATED HEALTH CARE.

10+ mins

REVENGE OF THE WINKLEVIL

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 center of the future of money, the creative economy and quite possibly a new operating model for Big Tech itself.

10+ mins

Fruitful Partnership

Agribusiness company Tani Unggul is improving farmers’ welfare by tapping premium produce market.

5 mins

Past, Present and Future Ghosts of Direct-to-Consumer Brands

Direct-to-consumer marketing (D2C) is a strategy to promote and sell a product or service directly to consumers, cutting out the need for intermediaries.

2 mins

In With the Old

Used clothing is the hottest trend in apparel, and big brands are happy to make the profits—but avoid the headaches—by outsourcing the grimy work to tiny Trove, which looks set to grow big.

6 mins

Behind the Numbers

Delman helps Indonesian companies navigate through data.

4 mins

The Road Less Traveled

Most tech unicorns are the product of Silicon Valley’s well-oiled VC machine. Not Cloudinary. The maker of marketing software was profitable from day one and has bootstrapped its way close to a billion-dollar valuation.

4 mins

AMERICA'S MOST MANIPULATIVE BILLIONAIRE

The inside story of how Bob Brockman, the secretive billionaire who allegedly masterminded America’s biggest tax-evasion scheme, used “Darth Vader” contracts to overcharge auto dealers and finance Robert F. Smith’s private equity empire.

10+ mins

FOREST GUARDIAN

Farwiza Farhan encourages more women to help protect the forest in Aceh.

4 mins

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Forbes Indonesia Magazine Description:

Forbes Indonesia is a world-class business magazine of uncompromising quality and scope, providing insights and information to readers critical to their business and inspiring them to greater success