World Of Forbes: Stories Of Entrepreneurial Capitalism Across Our 49 International Editions

Across the planet, our 49 licensed editions span six continents, 81 countries and 31 languages. They all share the same mission: celebrating entrepreneurial capitalism in all its forms.

COLOMBIA

Forbes Colombia’s cover features four young stars from the magazine’s inaugural 30 Under 30 list: (from left) Isabella Espinosa, whose fashion brand, Baobab, is sold in 52 countries and generates more than $10 million in annual revenue; Julián Nuñez, who cofounded fintech Yuno in Bogotá in 2022 and has raised $35 million from backers including Andreessen Horowitz; Beéle, a 23-year-old Colombian singer with nearly 40 million monthly listeners on Spotify; and cyclist Egan Bernal, 28, who was just 22 when he won the Tour de France in 2019.

CROATIA

Croatia native Roni Kert started his career at British carmaker Bentley and now heads sales and marketing at Bugatti Rimac, a joint venture between Italy’s Bugatti and Croatian firm Rimac that is producing electric sports cars near Zagreb at a facility with 700 employees. Its two models each have a starting price north of $2 million. Rimac announced its first delivery of three cars to the U.S. in June 2023, including to a car collector in Naples, Florida.

INDIA

Kalyani Group, the $3.5 billion (revenue) private company chaired by Indian billionaire Baba Kalyani (left), operates the country’s largest automotive components maker, Bharat Forge. But its product mix is shifting as a result of the Indian government’s mandate to boost domestic production of military hardware. The group’s chairman expects the firm’s military manufacturing—including tanks, ammunition, guns and drones—will eventually eclipse its auto parts production. Bharat Forge’s automotive business accounted for 73% of its $1.8 billion in fiscal 2024 revenue, down from 90% two decades ago.

MEXICO

Forbes Mexico presents Latin Power, a new ranking of today’s most influential Latin musicians. Colombian singer-songwriter Shakira is the face of the list. Fans have snapped up more than 1 million tickets for her 2025 tour’s 28 concerts in Mexico, including a dozen shows at Mexico City’s classic venue Estadio GNP Seguros, which seats 65,000.

MONTENEGRO

“I always tell investors that a small country is ideal for rapid testing, flexible for experimentation and full of untapped talent.”

MOZAMBIQUE

Forbes África Lusófona interviews Mozambique’s new president, Daniel Chapo, who took office in January after a disputed election that kept the Frelimo party in power for the entire 50 years since the nation gained independence from Portugal in 1975. “Youth is our greatest asset. But youth without opportunities becomes frustration,” Chapo says. The 48-year-old outlines his priorities for reducing public debt, improving government efficiency, investing in education, combating poverty and anticipating extreme weather events.

PARAGUAY

Paraguay hosted races in August for the World Rally Championship, a premier motorsports competition under the same governing body as Formula 1, and will do so in 2026 and 2027. The August race, which covered more than 600 miles through gravel roads and dense vegetation in and around the southern city of Encarnación, was projected to involve 250,000 locals and visitors and have an economic impact of at least $70 million, Forbes Paraguay reports.

PERU

Forbes Peru features a Lima-based company, Leasein, that is converting high-cost business essentials—namely laptop computers—into a more affordable, short-term operating expense. The startup maintains an inventory of 10,000 devices that are rented daily, weekly or monthly by 4,000 companies in Peru and Colombia, including Bogotá-based unicorn Rappi. Leasein CEO Carlo Mario Dioses discusses his growth plans, including expanding the business into additional countries and offering longer-term contracts for rentals of three years or more, plus buying and refurbishing used laptops.

PORTUGAL

Now in its third year, the Forbes Portugal 30 Under 30 list features honorees spanning 15 categories—including 29-year-old entrepreneur Sofia Pontifex Horn (not pictured), who has opened four bakeries in Lisbon; (from left) 22-year-old telenovela actress Margarida Corceiro; 28-year-old Rúben Dias, who plays for Manchester City and the Portuguese national soccer team; and Mafalda Rebordão, 28, who grew up in Portugal and now works for Microsoft’s New York team advising groups like the United Nations on digital transformation.

SLOVENIA

Uroš Mlakar, age 46, started a desserts shop called Teta Frida in 2011 that has expanded to nine franchise locations throughout Slovenia and produces 300 varieties of sweets (some handmade) now sold in 20 countries as far afield as the UAE and Costa Rica. The name pays homage to a friendly neighbor known as Aunt Frida from Mlakar’s upbringing in Slovenia’s second-largest city, Maribor. Revenue this year is projected to reach nearly $12 million.