CONTENTS — MAY 2017
COMPANIES, PEOPLE
14 | BITCOIN TO THE MASSES
Fintech is giving “VC” added meaning where startups shave the cost of remittances.
BY CASEY HYNES
16 | GADGETMAN // BEN SIN
The Insta360 Air virtual reality camera.
18 | MAJOR LEAGUE BASEBALL’S RICHEST TEAMS
Boffo TV deals have been a home run.
BY MICHAEL K. OZANIAN, KURT BADENHAUSEN AND CHRISTINA SETTIMI
20 | THE OUTSIDER
Born destitute in Syria, Mohed Altrad moved to France and made a fortune.
BY SAMUEL WENDEL (FORBES MIDDLE EAST)
24 | SHOPPING FRENZY
Dmart’s founder Radhakishan Damani: the unlikely retail billionaire.
BY SAMAR SRIVASTAVA (FORBES INDIA) AND NAAZNEEN KARMALI
25 | INNOVATION RULES // RICH KARLGAARD
A chat with Intuit CEO Brad Smith.
28 | NEXT TYCOONS: BUILDING ON BAS
In assisted living and other fields, Analjit Singh’s youngest and her husband try for an encore.
BY ANURADHA RAGHUNATHAN
32 | MAKE POUGHKEEPSIE GREAT AGAIN
A case study for why the news is not all bad in U.S. manufacturing.
BY WILLIAM BALDWIN
35 | THE BAO DAI ROLEX
A watch owned by the last emperor of Vietnam goes to the auction block again.
BY MICHAEL SOLOMON
36 | A CHILD OF THE PLEDGE
A son follows through on his father’s commitment to mental health research.
BY ASHLEA EBELING
53 | ASIAN SPOTLIGHT // JEAN-PIERRE LEHMANN
ASEAN’s 50th anniversary.
54 | BOOK EXCERPT
No Friends But the Mountains: Dispatches From the World’s Violent Highlands.
BY JUDITH MATLOFF
60 | KILLING CRAIGSLIST
Two well-funded startups are battling to build a smartphone-based alternative to Craigslist.
BY RYAN MACSOUTH KOREA’S 50 RICHEST
68 | WEATHERING THE STORM
A year of trouble and trials for chaebols test top fortunes.
EDITED BY GRACE CHUNG AND JOHN KOPPISCHTECHNOLOGY
78 | AFTER FUKUSHIMA
How a disaster teaches lessons about risk management in cybersecurity.
BY WILLIAM H. SAITO
80 | THOUGHTS
On property.VOLUME 13 NUMBER 4
S PAGE 28“I LEARNED HOW TO
PUT PIECES OF THIS
PUZZLE TOGETHER.”
TARA SINGH VACHANI, head of Antara
Senior Living, with husband SAHILT PAGE 70
JAY Y. LEE of Samsung
Despite his legal troubles, the
company has done very well.4 | FORBES ASIA MAY 2017