Across the planet, our 50 licensed editions span six continents, 81 countries and 31 languages. They all share the same mission: celebrating entrepreneurial capitalism in all its forms.
BELGIUM
When Forbes Belgium asked Fabien Pinckaers what’s next for Odoo, the Belgian software unicorn he runs, the 46-year-old billionaire replied, “Our goal is to survive.” The enterprise software firm—valued by private investors at $5.3 billion—competes with global giants like SAP and Oracle’s NetSuite. Odoo, which Pinckaers founded in 2002, now employs 6,700 people in more than a dozen countries and expects nearly $650 million in 2025 revenue.
Derubis Caravans and Derubis Yachts cofounder Lejla Kraljević, second from right.
Courtesy of Derubis Caravans
BOSNIA AND HERZEGOVINA
Denis and Lejla Kraljević (Lejla second from right above), a couple from the industrial central Bosnian town of Vitez, cofounded two companies: boatmaker Derubis Yachts and RV manufacturer Derubis Caravans. The pandemic boosted the RV business, as customers sought a travel option while remaining isolated from crowds. The company can produce some 100 recreational vehicles a year in Bosnia and Herzegovina, which are sold across Europe, the U.S. and the Middle East with a starting price of about $73,000. Derubis is finishing construction of a second RV production facility and shipyard in Saudi Arabia.
BRAZIL
Forbes Brasil published its annual Agro 100 list of the country’s largest agricultural companies. Collectively, the 100 firms had $303 billion in 2024 revenue and accounted for 16% of Brazil’s GDP. São Paulo-based JBS earned the No. 1 spot—one of four meat-processing companies in the top 15—having generated $77 billion in revenue last year; in June, it listed its shares on the New York Stock Exchange, in addition to a prior listing on Brazil’s B3 bourse.
Grupo Cibest CEO Juan Carlos Mora
Diana Rey Melo / Forbes Colombia
COLOMBIA
Grupo Cibest formed in May as the parent company of Colombia’s biggest bank, Medellín-based Bancolombia, and of several subsidiaries including digital wallet Nequi, used by nearly half of Colombians. Juan Carlos Mora, CEO of Bancolombia and Grupo Cibest, is working to expand the 150-year-old New York Stock Exchange-listed firm, which handles 70% of monetary operations in Colombia, counts 33 million customers and employs 34,000 people in Latin America.
Inducorp Executive President John Wiener
Pavel Calahorrano
ECUADOR
John Wiener heads Inducorp, a Guayaquil-based holding company comprising automobile dealerships and parts distributors for brands including Chevrolet, Audi and John Deere, with annual revenue just shy of $300 million. The 44-yearold Wiener—an avid sailor whose immigrant father, from Slovakia, started the business in 1965—likens his leadership strategy for the current turbulent economy to navigating a boat through changing tides: “Adapt to circumstances, move with what we have and not lose our way.”
Base44 founder Maor Shlomo
Forbes Israel
ISRAEL
Daniel Cocenzo
Forbes Mexico
MEXICO
Forbes Mexico marks the centennial of Grupo Modelo, the Mexican brand that produces Modelo and Corona beers and became an Anheuser-Busch InBev subsidiary in 2013. Company president Daniel Cocenzo shares priorities for Modelo’s second century, including investing $3.6 billion over the next two years to support tienditas (small local stores) with infrastructure, digitization and efficient refrigeration, plus sponsoring North America’s upcoming World Cup and Summer Olympics.
WB Electronics’ Piotr Wojciechowski and Adam Bartosiewicz
Filip Klimaszewski / Forbes
POLAND
Adam Bartosiewicz (right) aims to take public WB Electronics, Poland’s leading private company in defense manufacturing, which he cofounded in 1997 with Piotr Wojciechowski (left). Revenue reached $720 million last year, supplying artillery, drones and command systems to more than a dozen countries’ militaries, including the Ukrainian armed forces. Bartosiewicz declines to comment on the value of the business, which is based west of Warsaw. He tells Forbes Poland, “This company is our life’s work, and it is worth more or less as much as our lives.”
A Serbian group in Alaska.
Božidar Perović
SERBIA
Forbes Serbia details the declining number of Balkan workers spending summers at Alaska’s fisheries. Božidar Perović, one laborer who has worked seasonal rotations loading and packaging crab, salmon and whitefish for nearly 10 years, says the annual migration has dropped from several thousand Serbians a decade ago to about 100 in 2025, attributable to depleted stocks of fish, plus a shift toward domestic hiring. Perović, 48, and another source say that the work is strenuous—often requiring 16-hour days—but that wages can average $4,000 per month, about quadruple what they could earn back home in Serbia.
Ongart Kittikhunchai
Warat Phetyanan
THAILAND
Forbes Thailand profiles Ongart Kittikhunchai, who started his career as a teenage factory worker in Bangkok, then struck out on his own at age 25. Now, 45 years later, his Thailand-listed Sunsweet Public Company Limited, based in Chiang Mai, generates revenue of about $100 million a year exporting canned and frozen sweet corn and other agricultural products to 50 countries. Kittikhunchai aims to triple annual revenue in the next few years.
Source: https://www.forbes.com/sites/forbesinternational/2025/12/04/world-of-forbes-stories-of-entrepreneurial-capitalism-across-our-50-international-editions/
