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Business & Finance
Forbes Asia

Forbes Asia Special Issue #2 2017

Forbes Asia chronicles entrepreneurs, executives and companies throughout Asia.

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Country:
United States
Language:
English
Publisher:
Forbes Media LLC
Frequency:
Monthly
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13 Issues

in this issue

2 min.
a special issue unlike any other

WITH YOUTH COMES unbridled thinking and ambition. With age comes reflection and wisdom. Forbes was born on September 15, 1917, and this truly special issue of our magazine celebrates the 100 years of our life by asking the 100 greatest living business minds—the youngest, 33, to the oldest, 89—to inspire us and dare us to act on the passions that live inside each of us. This issue, a year in the making, is classic Forbes—the hard-charging veteran journalist working hand in hand with an up-and-coming generation of hard-charging journalists. It was the brainchild of Randall Lane, the magazine’s editor, who himself learned at the feet of Jim Michaels, an industry legend who edited this magazine for four decades. Randall is what we call a “boomerang,” meaning it’s his second time around…

12 min.
our first 100 years

THE YEAR OFForbes’ founding, 1917, was one of the most momentous in history. The U.S. entered the Great War, a dramatic break from our isolationist tradition. The October Communist coup in Russia brought into power the first modern totalitarian regime, one which would violently challenge the very existence of capitalism and the liberal democratic order. To launch a new publication in the midst of a world war would strike most as folly. But B.C. Forbes, the sixth of ten children of a Scottish tailor, had long burned with ambition to become a business writer and, ultimately, his own boss. He first went to South Africa, where he worked for the editor of the new Rand Daily Mail, Edgar Wallace, who later achieved fame in Britain and the U.S. as a novelist.…

3 min.
forbes @ 100

Fool’s Gould George Jay Gould had mismanaged the railroad empire accumulated by his father while concerting on building a “fairyland” estate, European vacations and polo. Forbes would later conclude that Gould “is impossible as the controlling power of railroads . . . in which the public have invested many millions of dollars.” The Rockefeller Quest To complete a profile of John D. Rockefeller, B.C. Forbes studied both the oil industry and the man himself, interviewed his inner circle, including his son , J.D. Jr., and even golfed with the billionaire at his Pocantico Hills estate, where Rockefeller “made good his threat to lick me,” Forbes wrote. Best Bosses The relationship between employers and employees was the underpinning of “the peace and prosperity of the Republic.” So Forbes ran an essay contest: “Who Is The Best…

5 min.
the class of 1917

John F. Kennedy 35TH PRESIDENT (1917–1963) “There is no reason for businessmen or investors to panic at the thought of a Kennedy victory. Nixon in the White House would be reassuring to everyone who believes in a sound dollar. But there is no reason to believe that Kennedy in the White House would be fatal to the prosperity that this country has enjoyed since the end of World War II.” —“The Economic Consequences of Senator Kennedy” (November 1, 1960) Indira Gandhi PRIME MINISTER OF INDIA (1917–1984) “For reasons neither we nor the many world leaders to whom I’ve talked are able to fathom, there are some people in the U.S. who think a strong and independent India doesn’t fit into their global strategy.” —“India” (March 1, 1973) Henry Ford II CHAIRMAN OF FORD MOTOR…

6 min.
the original rich list

Forbes began publishing its annual Forbes 400 list of the wealthiest Americans in 1982, but the magazine started tracking the subject all the way back in 1918. The first-ever Forbes rich list, compiled by B.C. himself, surveyed “the foremost bankers in the country” to find America’s 30 greatest fortunes—staggering sums, even by today’s standards.* 1 “Mr. Rockefeller’s wealth,” B.C. Forbes wrote, “if it could be turned into cash and distributed equally—which it couldn’t—would give every man, woman and child in the United States $10 each.” 2 Rockefeller gave away more than $500 million during his lifetime (worth at least $8 billion today), but his heirs are still worth an estimated $11 billion. 3 Not either of your first two guesses: It’s the raw material used in steelmaking. 4 A longtime partner/frenemy of Carnegie; helped…

3 min.
birth of the forbes 400

In 1981, Forbes editor Jim Michaels called associate editor Harold Seneker into his office. “It was a Friday aft ernoon,” Seneker recalls. “The time reserved for firing people.” What he heard instead was arguably worse. His next assignment was an idea that came from Malcolm Forbes himself: Compile a ranking of the wealthiest people in America, the first-ever Forbes 400 (a nod to Caroline Astor’s fabled ballroom, which could fit only 400 swells). Most staff members didn’t think it was possible to do such definitive calculations. Granted, you could get public holdings from the Securities & Exchange Commission. But what about private businesses? Homes, yachts, art collections? And how do you make sure you don’t miss anyone? Michaels told Seneker to do his best, and then “he patted me on the…