Tag: forbes

  • Trishneet Arora: Leading the Charge in the Global Fight Against Cybercrime

    Trishneet Arora is an Indian Entrepreneur, Ethical Hacker, and Author. He is the Founder and Chief Executive Officer (CEO) of the cyber security company, TAC Security Solutions. He has written several books based on cyber security, ethical hacking, and web defense. He was bestowed with the Entrepreneur of the Year award in 2020 by the Entrepreneur magazine in the Security Services Category.

    He was named in the Fortune 40 Under 40 2019 list of India’s Brightest Business Minds. He was listed in the Forbes 30 Under 30 2018 Asia list. He is profoundly known as Mark Zuckerberg of India and is highly praised for what he has achieved in his tender 20s. Moreover, his company is predicted to achieve a $1 billion net worth in the next year. With Trishneet Arora’s net worth of around INR 1100 crore at the age of just 30, let’s look at how Trishneet’s journey has been from a middle-class family to get into the esteemed Forbes List.

    Learn more about Trishneet Arora, his net worth, education, family, TAC Security, and more from this article. This story of Trishneet Arora will surely spark some inspiration & dedication in many!

    Trishneet Arora – Biography

    Name Trishneet Arora
    Born 2 November, 1993
    Birthplace Ludhiana, India
    Nationality Indian
    Profession Entrepreneur; Ethical Hacker; Author
    Position Founder, Director & CEO, TAC Security
    Net Worth INR 1,100 crore (2024)

    Trishneet Arora- Journey From a Middle Class Family to Forbes List
    Trishneet Arora- Personal Life
    Trishneet Arora- Education
    Trishneet Arora- Professional Life
    Trishneet Arora- CEO of TAC Security
    Trishneet Arora- Success Story
    Trishneet Arora- Honors & Awards

    Trishneet Arora- Journey From a Middle Class Family to Forbes List

    Trishneet Arora Net worth, Biography
    Trishneet Arora Story

    Trishneet Arora- Personal Life

    Trishneet was born in Ludhiana, Punjab, India. He came from a middle-class family. He had no background in computer engineering or so in his family. His parents were not happy with his studies as he was solely interested in the technical knowledge of computers and hardly liked the theoretical structure of school education. His passion grew from playing video games to cordially understanding the hardware of the system.

    Trishneet Arora- Education

    Trishneet had no interest in the formal structure of school education. He failed in standard 8th but his technical knowledge led him to cross a milestone in his professional career. Not much is known about his further education and qualifications.

    However, his fascination for computers did not let him focus anywhere else. He focused only on learning new computer skills and techniques. Gradually, he became fascinated with ethical hacking. He read international books that helped him to learn the required knowledge of computers and hacking.

    Trishneet Arora- Professional Life

    He has conducted several training sessions with the officials and helped the Punjab and Gujarat Police in investigating cyber crimes. Reliance Industries, Central Bureau of Investigation, Punjab Police, and Gujarat Police are some of his crucial clients.

    He is a cyber security expert and is also famous for authoring books like The Hacking Era, Hacking TALK with Trishneet Arora, and Hacking with Smart Phones. He held countless seminars, lectures, and workshops based on technical manuals throughout his career.

    At age 19, he started his own cyber security firm, TAC Security Solutions. The famous filmmaker Sunil Bohra is working on a biographical film based on the life of Trishneet Arora. The film is expected to be released soon with Hansal Mehta as the Director of the movie.


    TAC Security Success Story: Pioneering Cybersecurity in India and Beyond | Challenges | Funding | Growth
    Discover TAC Security, a global cybersecurity leader specializing in vulnerability management and enterprise security solutions. Learn about its founders, startup story, growth, business model, funding, and more.


    Trishneet Arora- CEO of TAC Security

    Trishneet serves as the Founder and CEO of TAC Security, headquartered in Mumbai, India. He founded the cyber security firm on 27 February 2013. The company has worked with Fortune 500 companies. It is considered one of the Empanelled Cyber Security Auditors for the Union Government, that manages UPI and NPCI.

    Trishneet Arora - TAC Security
    TAC Security

    The company offers protection to corporations against data theft and network vulnerabilities. It primarily provides vulnerability assessment and penetration testing services. He also asserted that there have been innumerable attacks against different portals of his company.

    The venture has four office locations across two countries. It also offers cyber security to various Indian companies including Reliance Industries. TAC Security raised Pre-Series “A” funding from Indian Investor Vijay Kedia in 2016. Before that, the firm had inducted the former Vice President of Cognizant, Subinder Khurana on its board.

    In June 2021, Tech Mahindra announced a partnership with Trishneet Arora’s cybersecurity firm, TAC Security. The partnership will leverage AI and user-friendly analytics to help reduce vulnerabilities across the entire IT stack to safeguard clients’ applications and infrastructure against cyber threats.

    Along with Tech Mahindra, TAC Security has partnered with 21 global partners from 9 countries, including Google, IBM, and Deloitte. TAC Security’s revenue has 1.5 times in FY 21-22 from the previous year of FY20-21.

    Trishneet Arora- Success Story

    He started his career in the IT field as a Tech Instructor. He variably made a good network by conducting sessions at many places. He eventually got recognized and was recommended to companies and government organizations for providing training in IT infrastructure and data security issues.

    While continuing with the offered work, he knew that someday he would build a promising future with a well-established cybersecurity firm. His hard work and determination led to the formation of his company, TAC Security Solutions, in 2012.

    The Gujarat Police Department officials were impressed by Trishneet’s speech, which was delivered in 2013 and they invited him to conduct a workshop for their crime division. His journey of competing with the criminals while working on cybercrime for the law started henceforth.

    Recently, Trishneet Arora announced that he will offer jobs to Agniveers. Agniveers are the candidates who will enroll under the Agneepath Scheme of the central government of India. They will be given 4 years of training in the armed forces of their choice to fulfill the dream of joining the Indian Army and serving the nation.

    “Agniveers are an important asset to the society, our youth is the strength of the nation that would be an honour to give back, contribute and empower the youth. The people in reference are going to be empowered to be cyber warriors and we are grateful for their services so far,” – Founder and CEO of TAC Security, Trishneet Arora.


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    Trishneet Arora- Honors & Awards

    The cyber security company, TAC Security has won more than 100 Awards globally in FY 21-22 by Forbes, Fortune 500, and more. Trishneet Arora also got many awards for his entrepreneurship.

    • Ranked 6th Youngest Rich Indian on Hurun Rich List (2024)
    • Listed in the Forbes India Top 100 Great People Managers (2020)
    • Conferred with Entrepreneur of the Year award (2020)
    • Listed in the Fortune India’s 40 Under 40 (2019)
    • St. Gallen Symposium listed his name in Leaders of Tomorrow (2018)
    • Listed in the Forbes Asia 30 Under 30
    • GQ Magazine listed him in the 50 most influential young Indians (2017)
    • Received Punjabi Icon Award from PCHB (2015)
    • The Chief Minister of Punjab, Parkash Singh Badal conferred him with the State Award on the 65th Republic Day (2014)

    FAQs

    Who is Trishneet Arora?

    Trishneet Arora is an Indian Entrepreneur, Ethical Hacker, and Author. He is the Founder, Director, and Chief Executive Officer (CEO) of the cybersecurity company, TAC Security Solutions.

    How much is Trishneet Arora Net Worth?

    Trishneet’s net worth is INR 1100 crore (September 2024).

    What is Trishneet Arora’s Education?

    Trishneet had no interest in the formal structure of school education. He failed in standard 8th but his technical knowledge led him to cross a milestone in his professional career.

    Where is Trishneet Arora from?

    TAC security founder, Trishneet Arora is from Ludhiana.

    What is TAC Security Solutions?

    TAC Security is a global leader in vulnerability management that protects Fortune 500 companies, leading enterprises, and governments around the world.

  • Forbes Business Model | How does Forbes Make Money?

    Forbes is a media and publishing firm based in the United States, formed in 1917. The company regularly covers business, technology, financial markets, financial planning, sports, and various other issues. It also publishes a magazine with the same name, eight times a year, and has a readership of 5.8 million as of spring 2020.

    Forbes is most well-known for its lists, which include rankings of billionaires, top 30 under 30, universities, celebrities, and self-made women, to mention a few. Former Republican presidential candidate Steve Forbes leads the organization.

    What is the Business Model of Forbes?
    What is the Revenue of Forbes?
    Forbes Figures of 2021
    How does Forbes Make Money?
    Is Forbes a Profitable Business?

    What is the Business Model of Forbes?

    CEO Mike Federle has revealed Forbes’ new business plan. According to Mike, it is built on an audience and business scale with 150 million individuals. With the focus on direct-to-consumer conversion, this investment [the SPAC] will allow the company to design bespoke products that address these distinct business cohorts.

    In other words, they are focusing on trying to convert the regular subscribers into buying additional material like educational products, etc.

    The company now wants to utilize its proprietary technology stack and analytics to convert readers into long-term, engaged platform users, including memberships and recurring subscriptions to premium content and highly targeted product offerings.

    What is the Revenue of Forbes?

    Forbes Logo
    Forbes Logo

    Forbes is excellent at estimating how much other people are worth, their global wealthy list of billionaires is currently updated in real-time and is a beautiful resource for those interested in such matters.

    The total value of the combined company is projected to be $630 million. When Hong Kong-based investor group Integrated Whale Media Investments bought a controlling stake in Forbes in 2014, it was valued at $475 million.

    In 2020, it generated $163 million in sales, with the expectation of about $193 million in 2021. However, the revenue for the year 2021 saw a rise of 40% to $259 million as compared to $185 million in 2020 and the net income stood at $38 million. This figure was beyond the expectations of the company.

    Forbes Figures of 2021

    The revenue for the fourth quarter of 2021, increased 51% year-over-year to $94 million, driven by contributions across Media and Consumer businesses. The net income was $18 million during this period compared to a net income of $10 million for the same period in 2020.

    The revenue for the year 2021 saw a rise of 40% to $259 million as compared to $185 million in 2020 and the net income stood at $38 million.

    The adjusted EBITDA saw an increase of 86% to $60 million in 2021 compared to the adjusted EBITDA of $33 million for the previous year.

    Every month, Forbes reaches more than 150 million people across all platforms – online, on social, through Live and virtual events, and through video and print. Forbes aims to use the content it publishes to introduce consumer-focused paid products to increase consumer revenue.

    How does Forbes Make Money?

    Single Purchases

    When the company started initially, its model was based on the fact that they were providing information that was verified and well researched. It was released eight times a year, so people were more intrigued.

    Subscription Model

    The subscription model is the most important way of revenue for the company. The company tried to make fixed customers when selling physical copies. Although when they shifted to the online platform, they followed a similar pattern. This way, they kept providing customers with daily information.

    Advertising Revenue

    Forbes Advertising Examples
    Forbes Advertising Examples

    It is an example of a traditional revenue model. Companies buy advertising space on your site or magazine, also known as the advertising business model. Organizations express their intended content in text or visual format in the purchased advertising space. Companies pay you to promote their ads using standard advertising space for a price in the magazine, pay-per-click (PPC), pay-per-view (PPV), and other agreed-upon strategies online.

    Live Events

    Live events have become a significant source of revenue. Forbes hosted more than 60 events worldwide in 2018, including marquee events like the Under 30 Summit, which debuted in Europe this year with an event in Amsterdam. The CMO Summit, which also extended into Europe, and the Women’s Summit are two other important events. Forbes will also host an Under 30 Global Women’s Summit in 2019.

    Promotion through Earned Media

    Individuals and firms recognized on a Forbes Ranking, Cover Story, or other feature can repurpose the content for use on their owned and sponsored media platforms to highlight their excellent publicity and industry leadership. Billboards, print ads, banner ads, social media displays, television ads, and so on are examples of these.

    Licenses

    Forbes also has 40 licensing agreements worldwide, including China, India, and Russia. The Forbes School of Business, an MBA program in collaboration with online Ashford University, and a Learn at Forbes online skills-training platform are other licenses. Because it is an annual annuity, the licensing company is almost profit-driven. Budget year after year, it was understood that the license agreement requires a minimum payment. In certain circumstances, it’s a one-time payment combined with a revenue share or an equity investment.

    Is Forbes a Profitable Business?

    Forbes is not required to declare profits because it is a private enterprise. However, Federle said in a December 2018 interview with Digiday that it had its most lucrative year since its inception. He wouldn’t give a particular sales amount but said overall revenues were up more than 18% year over year, with profits up to 42%.

    After the difficulties in trading during the pandemic in 2020, the company’s growth shifted towards profitability in 2021. The company claims a net income of $19.5 million for year-to-date 2021, compared to a net loss of $2.8 million for the same period in 2020.

    Conclusion

    In brief, Forbes is a company that has built a reputable brand in itself. Forbes has traditionally made money from subscriptions, single purchases, and advertising revenue. However, profiting from this paradigm is becoming increasingly complex and the entire media sector is affected.

    Forbes’ current income strategy entails increasing live events and utilizing its brand and readership to create scalable products. The revenue potential is being addressed in areas such as education and eCommerce.

    FAQs

    What is Forbes’s Business Model?

    Forbes is focusing on trying to convert the regular subscribers into buying additional material like educational products, etc. The company now wants to utilize its proprietary technology stack and analytics to convert readers into long-term.

    How does Forbes make money?

    Forbes makes money through the Subscription model, Single purchases, Advertising revenue, Live events, Promotion through earned media, Licenses, etc.

    How much does the Forbes website make?

    Forbes website estimated revenue is more than $48 Million. And it has a daily income of more than $44,000.

    Who is the CEO of Forbes?

    Steve Forbes, Mike Federle, and Michael Perlis are the CEOs of Forbes.

  • Analyzing Red Bull’s Popular Marketing Campaigns

    Red Bull is an Austrian beverage giant known for its unique marketing strategies and campaigns. The company is a marketing powerhouse that is equally popular for its daring and widespread campaigns as for its main products. Red Bull is a company that started the energy drink market continues to dominate the market with more than 40% market share. For Red Bull the marketing efforts always focuses on the audience first, and then comes their selling their products.

    Red Bull now leads with 24.9% share of the US energy drink market in 2019, selling more than 7.5 billion cans globally. They are able to achieve these numbers because they produce content which can be considered on par with the major publishers and also pulling off mind-blowing events making them one of the most talked about brands in the world. Red Bull is active on various social media platforms and different channels and use out of the box approaches and tactics in order to create content that is would give people the experience they would be interested in.

    Instead of following a traditional approach to mass market, Red Bull has generated awareness and created a brand identity by using extreme sport event series or campaigns such as Red Bull Cliff Diving World Series, Red Bull Air Race, Red Bull Crashed Ice and stunts like stratos space diving project and stand out on its own. The company marketing also includes multiple sports team ownership from Formula One teams like Scudera Alphatauri, Red Bull Racing; Fooball clubs like FC Red Bull Salzburg, New York Red Bulls, etc. It also has many celebrity endorsements through its record label Red Bull Records.

    A Brief History of Red Bull
    The Target Audience of Red Bull
    The Marketing Strategy of Red Bull
    Red Bull’s Content Marketing Strategy
    The Analysis of Red Bull’s Marketing Campaigns
    The Impact of Red Bull’s Marketing Campaigns

    How marketing made Red Bull so big

    A Brief History of Red Bull

    The Red Bull logo and slogan
    The Red Bull’s logo and slogan

    Red Bull is an Austrian energy drink company created in 1987, when the Austrian entrepreneur Dietrich Mateschitsz was inspired by an already existing local energy drink which was sold in Thailand. The local energy drink was meant to help keep drinkers awake and alert. He took this idea, modified its ingredients to match the westerner’s taste buds, partnered with Chaleo Yoovidhya and together founded the Red Bull company in 1987 in Chakkapong, Thailand.

    The product was later taken to Austria where it had its first ground breaking success in no time and soon went international after it blew up in Hungary. When the company originally started it only had only a single flavor and regular or Sugar free formulas, a line of different fruit flavors were added by 2013. The company’s slogan is “Red Bull gives you wings.” Red Bull is currently in more than 170 countries energizing the population and raising the competition along the way. According to Forbes it is also the 61stmost valuable brand in the world.

    When Red Bull first came out, it was the first and only as back then energy drinks dint exist. And since traditional means of advertising was expensive, Red Bull had to come up with a different marketing strategy. They simply targeted their target audience which is 18 to 35 years old in different college parties, bars, coffee shops and even libraries. At these events and places the people were given free samples, which lead to the people talking and spreading the word about the product for free. Red Bull started sponsoring music festivals and sport event, campaigns and also created good quality content which got the company its fame.

    The Target Audience of Red Bull

    In order to understand the company’s market strategy and campaigns one must understand the company’s target audience, the important role it plays and how it reaches that target audience. According to Numerator, the target audience of Red Bull is predominantly between the ages of 18 to 34 year old, both male and female, who have an average to high income, likes sports, extreme sports and athletic events. Their customers can be defined as young, independent professional with big dreams and aspirations.

    Relevant information is also collected through customer surveys, field trials and focus groups, with the company ensuring that its buyer profile is consistently updated. This ensures that their strategies continue to be both relevant and effective at all times. Red Bull focuses on three significant tactics to attract its target audience:

    • Publishing quality content that is created by the marketing team in different media outlets that is consumed by their target audience.
    • Red Bull produces large scale publicity stunts that grabs attention of its audience and spreads the message of the products or company.
    • One of the most important tactic used by Red Bull is to sponsor and create events in various countries so it attracts its young audience.

    The Marketing Strategy of Red Bull

    Red Bull marketing strategy
    Red Bull marketing strategy

    Red Bull has control of over 70% of the $1.6 billion market, and owes its success to the company’s intensive unconventional marketing strategies. The company bases its marketing approach on promoting a high energy philosophy for the lives of its customers, by its advertisements and campaigns it promotes a way of life more than selling its product. Red Bull also has a young target audience which consists of the millennials, gen y and gen z, know what their target audience wants and utilize it in their marketing strategy.

    Red Bull sponsors a lot of events in various countries such as Red Bull music academy in the USA, parachutes in South Africa, Go-karting events in Kuwait, and many more from different countries in an effort to attract more target audiences as they usually attend events like these. It also works with influencers in the field and shares captivating content that inspires the young audience to be more active and adventurous. By doing all of this, Red Bull captivates authentic and loyal consumers as they are usually into athletics and sport events.

    Because of this effort everybody knows its slogan “Red Bull gives you wings”, as it is used across online and offline campaigns, televisions advertisements, newspapers and billboard ads. Some of their well-known strategies used for marketing are: using pickup trucks as mobile displays which were painted blue and silver with a giant can of the giant mounted on top of the vehicle. The products were designed to be eye-catching and were aimed at promoting the red bull brand as youthful and slightly off the wall.


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    Red Bull’s Content Marketing Strategy

    The Red Bull is known for its content marketing as it is exceptionally planned. They started it with covering topics that interest their target audience which is sponsoring and advertising extreme sports, concerts and music festivals. The second is to sell their brands but not force the audience to buy their energy drink.

    Their content is designed to make sure the reader enjoys the content not sells Red Bull. By doing this their audience will associate their product with the content that they love to consume. The third part of content marketing is to publish videos, blog post, pages and other types of content at different social media networking sites and channels that their target audience consumes content from.

    The Analysis of Red Bull’s Marketing Campaigns

    Earlier Campaigns

    Red Bull first gained a lot of attention because of its Red Bull gives you wings campaign” which initially began in the 90’s. Because of this campaign the company sold 300 million cans between the years 1996 to 2006. After this the company began to sponsor sports events of mountain biking, wind surfing, snowboarding, skateboarding, kayaking, rowing, Formula 1 racing to even parkour, surfing, skating and break dancing the options were limitless and the company made use of it in campaigning its product.

    Red Bull also uses music concert, programs and videogames, commercial with famed celebrities, such as Eminem and sponsoring events like Red Bull “EmSee Battle Rap championships”. The company has also made history by just being the backing power to football and Formula 1 racing teams and events. For example, Sebastian Vettel’s four Formula 1 championships will be combined with Red Bull Racing.

    Stratos Space Diving Project

    Red Bull Stratos space diving project

    In the year of 2012, Red Bull hit the global headlines when it decided to try and break the record which at that time stood for 62 years. The company sponsored an event where an Austrian skydiver Felix Baumgartner to free fall jump from the Earth stratosphere in a helium balloon. This project was known as the stratos project, because Baumgartner had to fly approximately 39 kilometers (24 miles) into the stratosphere over New Mexico in a helium balloon before free falling in a pressure suit and then parachuting to Earth.

    After it became successful Baumgartner broke three records including being the first person to break the speed of sound during a captivating freefall that lasted for four minutes and 19 seconds. This event was live streamed through YouTube with the help of GoPro cameras and became the most viewed live stream and a mainstream media platform at that time. This event embodied the company’s slogan, the brand vision and supplied Red Bull with unique photography that would be used in its marketing campaign for years.

    Red Bull Campaigns in India

    Red Bull launched a limited festival edition in 2019 which elevated the company’s marketing strategy. The festival edition can came with a new flavor of the orange, while the company also created a contest #SpotTheCans. Where the customers had to go to their website and spot four hidden Red Bull Festival Edition cans in an impressive piece of artwork. After finding them, one could redeem the vouchers and gift cards at the Reliance Fresh and Reliance Smart stores. The energy drink giant will hosted an engaging on ground, in store and on campus activations with the help of campus interns/ambassadors to increase the marketing of the company.

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    The Impact of Red Bull’s Marketing Campaigns

    The stratos project generated a huge number of media attention and a media coverage worth an estimation of tens of million, which would not be possible to reach just using the traditional marketing strategy. After this project the company increased 7% of its sales in just six months generating $1.6 billion and selling 5.2 billion cans in the following year.

    This project was successful because the company put science, engineering and a huge budget which was 1/10th of its annual global marketing budget which was $330 million to fund the project. This led the company to win a Sports Emmy in the category of an outstanding new approach to sports event coverage. The point of this project was to inspire the youth to use their wings and try doing what they taught was impossible and push the human boundaries.

    The total broadcast was over 3 hours long and the Red Bull’s logo was in every shot. The Stratos campaign is an extreme but excellent example of creative marketing, and the company’s commitment to the values and aesthetic that the brand created when they first got their start that makes their marketing work. Everything they create relates back to the idea of giving people and ideas wings to fly.

    FAQs

    What marketing strategy did Red Bull use?

    The marketing strategy used by Red Bull are:

    • Content Marketing
    • Sponsorships of Sports Events to drive brand awareness
    • Humoristic Advertising Approach

    Red Bull’s sponsorships and participation in extreme sporting events have played a key role in making it so popular.

    Who Are Red Bull’s target customers?

    Red Bull’s main target customers are young urban males.

    When was Red Bull founded?

    Dietrich Mateschitz founded Red Bull in 1987.

    Which is the most successful marketing campaign of Red Bull?

    The Red Bull Stratos campaign may be the most successful marketing campaign of all time.

  • Why GSV wants to acquire Forbes Media

    Forbes which is one of the biggest business magazines is said to be acquired soon. There have been exclusive talks between Forbes Magazine LLC and GSV Asset Management in acquiring the former company. Let’s look at the deal between Forbes Magazine LLC and GSV Asset Management.

    Forbes GSV Deal
    Forbes Media
    GSV Asset Management
    FAQ

    Forbes GSV Deal

    According to people with knowledge of the matter, Forbes Media LLB has entered into the deal which will lead to acquiring the company by GSV Asset Management which is led by Michael Moe. The deal will increase the valuation of Forbes Media by more than USD 600 million.

    Some people who requested anonymity in their names as the information was private said that the transaction between the company is not yet finalized but is expected to come to an agreement in the coming months.

    A spokesman of Forbes Mathew Hutchinson said in a statement that they have no comment but have seen the investors in showing consistent interest in the company that has produced 3 years of record results. A GSV Asset Management representative had declined to comment on a statement that said 2021 is shaping to be a strong year as well.


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    Forbes Media

    Forbes is an American based business magazine. The company was founded in the year 1917 which is based in New Jersey, United States. The magazine features original articles on the topics such as industry, investing, finance, marketing, etc.

    The company also provides reports on related topics which include communications, technology, politics, law and science. The magazine was founded by Bertie Charles in the year 1917 and later the company prospered under his son Malcolm.

    Later the company was taken over by Malcolm’s son, Steve who was the Chief Executive Officer and the President of Forbes and also the editor in chief of the magazine in the year 1990. The company is also involved in operating events. The brand has a worldwide reach of around 140 million people.

    One of the main competitors of the company is Bloomberg LP’s Bloomberg News. The competition is for tracking the wealth of billionaires across the globe and in providing financial news.

    In the year 2014 Forbes Magazine was acquired by a Hong-Kong based company which is whale media Investments. The company owns the majority stake of 95 % in Forbes magazine and the Forbes family owns the minority stake of 5% in the company.


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    GSV Asset Management

    GSV Asset Management portrays itself as a merchant banker which advises and invests in a wide range of businesses. The founder of GSV Asset Management is Moe who was a veteran of Silicon Valley and later grew to become an equity research analyst.

    The company’s website indicated that the firm is a multi-product asset management firm that is devoted to finding and aligning the fastest growing and the most dynamic businesses across the globe. The term GSV stands for Global Silicon Valley.

    FAQ

    Who is the founder of Forbes?

    Bertie Charles founded Forbes in 1917.

    Who owns Forbes India?

    Reliance Industries owns Forbes India.

    Who was Forbes?

    The company was founded in 1917 by Bertie Charles Forbes and was taken over by Steve Forbes in 1990.

    Conclusion

    It is to be noted that Forbes Media isn’t the only media company for sale Even Tribune Publishing is said to in between a bidding war with Hotel Magnate Stewart Bainum and the hedge fund Alden Global.

  • Mark Zuckerberg- The Founder and CEO of Facebook

    Mark Zuckerberg is famous for Facebook. He was one of the youngest self-made billionaires just at the age of 23. In 2020, in the month of August, he came under the centibillionaire list. He’s an American media magnate, internet businessman, and philanthropist. He serves as Facebook’s president, chief executive and controlling shareholder. He is also co-founder of the Groundbreaking Starshot Solar Sail Spacecraft Production Project and serves as one of its board members.

    Mark Zuckerberg
    Mark Zuckerberg

    Mark Zuckerberg – Biography

    Name Mark Elliot Zuckerberg
    DOB 14 May, 1984
    Nationality American
    Occupation Internet Entrepreneur
    Title Founder & CEO of Facebook, Inc and Co-founder of Chan Zuckerberg Initiative
    Spouse Priscilla Chan
    Children 2
    Net Worth $115 Billion (May 2021)

    Mark Zuckerberg – Early Life
    Mark Zuckerberg – Education
    Mark Zuckerberg – Beginning of Facebook
    Mark Zuckerberg – Career
    Mark Zuckerberg – Controversies
    Mark Zuckerberg – Philanthropist
    Mark Zuckerberg – Awards and Achievements
    Mark Zuckerberg – FAQs

    Mark Zuckerberg – Early Life

    Zuckerberg was born on May 14, 1984, in White Plains, New York. His parents are Karen, a psychiatrist, and Edward Zuckerberg, a dentist. He along with his three sisters, Randi, Donna, and Arielle, were brought up in Dobbs Ferry, New York, a small Westchester County village about 21 miles north of Midtown Manhattan. His ancestors hailed from Germany, Austria and Poland and Zuckerberg was raised in a Reform Jewish household. At the age of 13 he had a Star Wars-themed bar mitzvah.

    Mark Zuckerberg – Education

    Zuckerberg excelled in classes at Ardsley High School. He transferred to the private school Phillips Exeter Academy after 2 years. He won prizes in mathematics, astronomy, physics, and classical studies. In his youth, he has also attended the Johns Hopkins Center for Talented Youth summer camp. Zuckerberg stated that he could read and write French, Hebrew, Latin, and ancient Greek on his college application. He is not just a nerd and was the captain of the fencing team.


    Mark Zuckerberg – Beginning of Facebook

    Zuckerberg had already gained a “reputation as a programming prodigy” by the time he started classes at Harvard, and he studied psychology and computer science. He was a member of Alpha Epsilon Pi and of Kirkland House. He wrote a software he called CourseMatch, which enabled users to make class selection decisions based on other students’ choices. After a short time, he created a new software that he originally called Facemash, allowing students to pick the best-looking individual from a collection of images. According to Zuckerberg’s roommate, Arie Hasit, at that time, “he built the site for fun.” Hasit explains:

    We had books called Face Books, which included the names and pictures of everyone who lived in the student dorms. At first, he built a site and placed two pictures or pictures of two males and two females. Visitors to the site had to choose who was “hotter” and according to the votes there would be a ranking.

    The site went up over a weekend. But the college turned it off by Monday morning, because its popularity overwhelmed one of Harvard’s network switches and stopped students from accessing the Internet. A lot of students complained at that time that their photos were being used without permission. But Zuckerberg publicly apologized, and articles were run in the student paper saying his platform was “absolutely unacceptable.”

    Zuckerberg began writing code for a new website the following semester, in January 2004.  On February 4, 2004, Zuckerberg launched “TheFacebook,” which was originally located at thefacebook.com. When he launched Facebook, three of his seniors (Cľ Winklevoss, Tyler Winklevoss and Divya Narendra) in Harvard after 6 days accused him of purposely misleading them into thinking that he would help them create a social network called HarvardConnection.com, while instead using their ideas to develop a rival product.

    The three protested to The Harvard Crimson, and in response, the newspaper launched an investigation. Those three filed a lawsuit against Zuckerberg after Facebook was launched officially. It resulted in a settlement. They agreed a settlement for 1.2 million Facebook shares.

    In his sophomore year, Zuckerberg had dropped out of Harvard to complete his thesis. In January 2014, he recalled:

    I remember really vividly, you know, having pizza with my friends a day or two after—I opened up the first version of Facebook at the time I thought, “You know, someone needs to build a service like this for the world.” But I just never thought that we’d be the ones to help do it. And I think a lot of what it comes down to is we just cared more.

    Zuckerberg received an honorary degree from Harvard on May 25, 2017. He gave a commencement speech on the same day at Harvard’s 366th commencement Day.


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    Mark Zuckerberg – Career

    Wirehog

    A month after Zuckerberg launched Facebook in February 2004, there was launch of i2hub, another campus-only service created by Wayne Chang. The i2hub focused on sharing files peer-to-peer. At the time, both i2hub and Facebook gained media attention and were rising exponentially in users and advertising. In August 2004, Zuckerberg, Andrew McCollum, Adam D’Angelo and Sean Parker founded a rival peer-to-peer file sharing service called Wirehog.

    Platform, Beacon, and Connect

    Zuckerberg unveiled on May 24, 2007 the Facebook Forum, a forum for programmers to create social applications within Facebook. A lot of applications were developed within weeks and some already had millions of users. It has expanded to more than 800,000 developers around the globe developing Facebook Platform applications.

    Zuckerberg revealed on November 6, 2007 Beacon, a social advertisement system that allowed people to exchange information with their Facebook friends based on their surfing habits on other pages. For instance, eBay sellers might automatically let friends know what they’ve got for sale via Facebook news feed as they list items for sale. The software was under investigation due to concerns regarding the privacy of groups and individual users. Zuckerberg and Facebook failed to respond quickly to the complaints and Zuckerberg published a blog post on Facebook on December 5, 2007, accepting responsibility for Beacon ‘s issues and offering users a simpler way to opt out of the service.

    In 2007, Zuckerberg was named to the TR35 list by MIT Technology Review as one of the world’s top 35 innovators under 35. Zuckerberg revealed on 23 July 2008 Facebook Link, a user-friendly version of the Facebook Site.

    Critics say that, Facebook bought Instagram because it was scared of Twitter and Google+. Facebook bought Instagram for $1 billion in 2012. Today Instagram has over 1 billion users. Instagram contributes $20 billion to Facebook annual revenue. Facebook purchased Whatsapp– the messaging sevice, for $19 billion in February, 2014.

    The 3 main social networking sites owned by Mark Zuckerberg
    The 3 main social networking sites owned by Mark Zuckerberg

    Mark Zuckerberg – Controversies

    Saverin lawsuit

    A complaint brought against Facebook and Zuckerberg by Eduardo Saverin was settled outside court. While settlement terms were sealed, the firm confirmed Saverin ‘s role as Facebook’s co-founder. After the settlement Saverin signed a non-disclosure agreement.

    Pakistan criminal investigation

    Pakistani Deputy Attorney General Muhammad Azhar Sidiqque initiated a criminal investigation into Zuckerberg and Facebook co-founders Dustin Moskovitz and Chris Hughes in June 2010, following a Facebook hosting of a “Draw Muhammad” contest. The investigation identified the German woman who produced the contest as anonymous. Sidiqque requested police from the country to contact Interpol to have Zuckerberg and the other three arrested for blasphemy. Facebook’s website was briefly blocked in Pakistan on May 19, 2010, before Facebook removed the contest from its website in late May. Sidiqque also demanded that its UN representative discuss the issue with the UN General Assembly.

    Cambridge Analytica Data Breach

    Zuckerberg appeared before Congress in April 2018, after it was reported that the company had exchanged consumer data with Cambridge Analytica, a political consulting firm.

    Forbes has attributed the dramatic decline in the stock price of Facebook following the company’s July warning investors of slowing growth and profit margins to the increasing effect of the battle between profit and privacy, citing the story of Cambridge Analytica and the rising inability of Facebook to protect users from harmful misuse and misinformation.

    Palestinian terror attacks

    Israeli cabinet minister Gilad Erdan accused Zuckerberg of having some responsibility for Palestinians’ deadly attacks on Israelis on 2 July 2016.[93] According to him, the social network was not doing enough to ban posts on its site that encourage violence against Israelis. “Sure of the blood of the victims is on the hands of Zuckerberg,” Erdan said.

    Hawaiian land ownership

    Zuckerberg filed eight “quiet title and division” lawsuits against hundreds of Hawaiian natives in January 2017 to buy small tracts of land which they own. This land is located within the 700 acres of land which Zuckerberg had purchased in 2014 on the Hawaiian island of Kauai. After learning that Hawaiian land ownership law differs from that of the other 49 states, he dropped the lawsuits.

    Paul Ceglia

    Paul Ceglia, owner of a wood pellet fuel business in Allegany County, upstate New York, filed a lawsuit against Zuckerberg in June 2010, alleging 84 percent Facebook possession and demanding monetary damages. According to Ceglia, on April 28, 2003, he and Zuckerberg signed a contract for an initial fee of $1,000 entitled Ceglia to 50 percent of the website ‘s sales, as well as an additional 1 percent stake in the company every day after January 1, 2004, until completion of the website. At the time, Zuckerberg was creating other ventures, including Facemash, Facebook’s precursor, but the domain name thefacebook.com was not licenced until 1 January 2004. Facebook spokesperson Barry Schnitt told a reporter that Ceglia ‘s lawyers had unsuccessfully pursued a settlement outside court.

    On 26 October 2012, federal prosecutors arrested Ceglia, charging him with mail and wire fraud and “tampering, damaging and manipulating evidence in a conspiracy to defraud the Facebook founder of billions of dollars.” Ceglia is accused of creating emails in order to make it appear that he and Zuckerberg exchanged specifics of an early version of Facebook. Before it was launched, some law firms withdrew from the case, and others after Ceglia ‘s arrest.


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    Mark Zuckerberg- Philanthropist

    2010

    Zuckerberg contributed an undisclosed sum to Diaspora- a personal open-source Web server that operates a distributed social networking programme.

    Zuckerberg founded the Start-up: Education foundation.

    Zuckerberg had donated $100 million to Newark Public Schools, the public school system of Newark, New Jersey on September 22,2010.

    Zuckerberg, along with Bill Gates, and investor Warren Buffett signed “The Giving Pledge” on December 9, that year, in which they vowed to devote at least half of their wealth over time to charity. They also invited others among the wealthy to donate 50 percent or more of their wealth to charity.

    2012

    In December, Zuckerberg and his wife Priscilla Chan announced that over the course of their lives they would give the majority of their wealth to “advancing human potential and promoting equality” in the spirit of The Giving Pledge.

    Priscilla Chan and Mark Zuckerberg
    Priscilla Chan and Mark Zuckerberg

    2013

    On December 19, Zuckerberg announced a donation to the Silicon Valley Community Foundation of 18 million Facebook shares, to be completed by the end of the month. Based on the valuation of Facebook as of then, the value of the stock was $990 million.

    On December 31, the donation was recognized as the largest charitable gift on public record for 2013.

    The Chronicle of Philanthropy put Zuckerberg and his wife at the top of the 2013 annual list of the magazine’s 50 most generous Americans.

    2014

    Zuckerberg and his wife Priscilla Chan donated US$25 million to fight the Ebola virus disease, specifically the West African Ebola virus epidemic on October.

    2015

    On December, Zuckerberg and Chan pledged to transfer 99% of their Facebook shares, (then at US$45 billion) to the Chan Zuckerberg Initiative, the organization that focuses on health and education. Instead of the funds transferring immediately, it transfers over the course of their lives.

    Instead of creating a charitable organisation to donate the value of the stock to, as did Bill Gates, Warren Buffett, Larry Page, Sergey Brin, and other billionaires, Zuckerberg and Chan opted to use a limited liability company ( LLC) structure. Some journalists and academics have even come to say that, the Chan Zuckerberg Initiative conducts philanthrocapitalism.

    2016

    The Chan Zuckerberg Initiative gave $600 million in 2016 to establish the tax-exempt charity Chan Zuckerberg Biohub, a collaborative research facility near the university in San Francisco’s Mission Bay District from California, San Francisco, with the goal of promoting cooperation and collaboration between UCSF, University of California, Berkeley and Stanford University scientists. The developed intellectual property would be jointly owned by Biohub and the house institution of the discoverer. Unlike foundations such as the Bill and Melinda Gates Foundation that give up all research that is funded to free public access and reuse, Biohub maintains the freedom to sell any research that it supports. Inventors will have the option of making their findings open-source, with permission from Biohub.

    2020

    Amidst the COVID-19 pandemic, Zuckerberg donated $25 million to Bill and Melinda Gates Foundation. It is a foundation that is searching for treatments for the disease. He announced $25 million in grants to support local journalism that was impacted by the pandemic. And $75 million in advertisement purchases in local newspapers by Facebook, Inc., where Facebook will market itself.

    Mark Zuckerberg – Awards and Achievements

    • A film entitled ‘A Social Network’ was released in 2010, focused on the life of Mark Zuckerberg and his Facebook founding years. The film has received eight  academy award nominations.
    • In 2010 he won ‘Person of the Year’ by ‘Times’ Magazine.
    • ‘CEO of the Year’ at 6th Annual Crunchies in 2013.
    • He was also named on Time 100 list four consecutive times between 2009 and 2012. Time 100 is a list of around the world’s 100 most influential individuals.
    • He was also the youngest self-made billionaire just at the age of 23.
    • August, 2020 he was able to come under the “centi-billionaire” list.

    Mark Zuckerberg – FAQs

    Who Mark Zuckerberg?

    Mark Zuckerberg is an American media magnate, internet businessman, and philanthropist. He is the founder of Facebook and serves as Facebook’s president, chief executive and controlling shareholder.

    What is Mark Zuckerberg age?

    As of 2021, his age is 37.

    What is Mark Zuckerberg net worth?

    As of May 2021, according to Forbes, the net worth of Mark Zuckerberg is $115 Billion.

    How old was Mark Zuckerberg when he became a billionaire?

    Mark Zuckerberg was just 23 years old when he became a billionaire.

  • B. R. Shetty- Founder of NMC Health

    Bavaguthu Raghuram Shetty is an Indian-born businessman who is the founder and an acquirer of a number of companies based in the United Arab Emirates, which includes Abu Dhabi-based NMC Health, Neopharma, BRS Ventures, and Finablr. Shetty’s initial interest was in hospitals and hospitality. And has since diversified into pharmaceuticals, financial services, retail, advertising and information technology. In 2015, he was included on the Forbes list of India’s 100 Richest People.

    B.R. Shetty
    B.R. Shetty

    B. R. Shetty- Biography

    Name B.R. Shetty
    Nationality Indian
    DOB 1 August 1942
    Occupation Founder of NMC Health, Finablr
    Parents Shambhu and Koosamma Shetty Shetty
    Net Worth $3.15 billion(2019)

    B. R. Shetty- Early Life
    B.R. Shetty- Family
    B.R. Shetty- Career
    B.R. Shetty- Neopharma
    B.R. Shetty- Controversies
    B.R. Shetty- Awards and Achievements

    B. R. Shetty – Early Life

    B.R. Shetty was born on 1 August 1942 to an ethnic Tuluva family. He was born in Kapu, Udupi to Tulu-speaking parents. He has 4 children after marrying to Chandrakumari Shetty.

    B.R. Shetty – Family

    He was born to Shambhu Shetty and Koosamma Shetty. He is married to Chandrakumari Shetty who is also a doctor. She is also the Group Medical director of NMC Health. He is father to one son and 3 daughters- Binay Shetty, Seema Shetty, Reema Shetty, and Neema Shetty.


    B.R. Shetty- Career

    In 1973, he immigrated to the UAE. He founded New Medical Centre Health (NMC) in 1974 to fill the need for personalized, cost-effective healthcare accessible to all after working as the country’s first medical representative. His wife was the only doctor in the clinic at that time. NMC is the largest private healthcare provider in the UAE. NMC has over 4 million patients annually across 45 facilities spread over 12 cities and 8 countries, including UAE, KSA, Oman, Spain, Italy, Denmark, Colombia and Brazil.

    It is the first healthcare company from the Gulf Cooperation Countries (GCC) and also the first company from Abu Dhabi to be listed on the premium segment of the London Stock Exchange and was part of the coveted FTSE 100 Index. The company was de-listed from London Stock Exchange and was removed from FTSE 100 index, consequent to the request from the NMC board of directors and an on-going investigation of potential financial irregularities.


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    B.R. Shetty took over the UAE Exchange from its founder Daniel Varghese in 1980 with the help of an Emirati and a former UAE minister of Justice, Abdulla Humaid Al Mazroei. Founded by Daniel Varghese UAE exchange was an attempt to ease the process of sending money by the expats to their families in their respective home countries. It had expanded into over 31 countries and had approximately 800 direct offices by 2016. It did over US$50 billion collectively in money remittance and exchange volumes in 2014 . In 2014 Shetty acquired Travelex, a major foreign exchange company. Travelex has a global footprint including 1500 stores and 1300 ATMs across 27 countries.

    NMC located in Dubai
    NMC located in Dubai

    B.R. Shetty – Neopharma

    Shetty founded NMC Neopharma, a UAE based pharmaceutical manufacturer in 2003. Neopharma was inaugurated by the former President of India, A. P. J. Abdul Kalam in Abu Dhabi. It uses the concept of modular manufacturing following global benchmarks in manufacturing technology and putting in place efficient control mechanisms. Neopharma has a research and development wing. It works to provide quality medicines at affordable prices. The company contracts manufacturing for international pharmaceutical companies and also generic brands for companies including, but not limited to, Merck, Pfizer, AstraZeneca, and Boots UK.

    Shetty led NMC through an IPO on the London Stock Exchange, which raised $330 million in 2012. The funds were used in building a specialty hospital in Khalifa City, Abu Dhabi.

    Shetty announced that he was building the first medical university in Abu Dhabi in honor of Sheikh Zayed in June 2016. He was elected to be chairman of the Indian Business/Professional Group that same month. Shetty announced that he was building a 400-bed super-specialty hospital in Udupi in Karnataka through B R S Ventures in August 2016. He owns a hospital in Alexandria, two hospitals in Nepal, and acquired a hospital in Cairo as part of his personal portfolio under the same company.

    BRS Ventures also announced plans to invest $5 billion in developing healthcare facilities across India in August 2019.

    B.R. Shetty – Controversies

    Bloomberg News report casted doubts on his real holding amidst the short-selling of NMC Health by Muddy Waters Research in February 2020. Shetty was also ousted from the NMC Health board following a corporate governance scandal over his holdings in the company in February 2020.

    NMC went into Administration in UK due to insolvency of the company on April 8, 2020. The Central Bank of UAE ordered seizure of all assets of Shetty and his family in the UAE on April 27, 2020.

    There were allegations of misappropriation by Shetty at his companies and was forced to resign from his director positions. NMC Health went into Administration in UK due to the insolvency of the company on April 8, 2020.

    It is believed that his net worth has fallen to a fraction of the earlier estimate of $3.15 billion due to sharp drops in share prices and shares pledged by Shetty to pay for debts incurred. Consequently Forbes dropped Shetty from its 2020 annual list of billionaires.

    Abu Dhabi Commercial Bank filed a criminal complaint against NMC Health with the Attorney General’s Office of UAE on 15 April 2020. Indian agencies have initiated probe to identify potential risks to Indian banks, if any. The Central Bank of UAE ordered the freezing of his accounts and the blacklisting of his firms on 27 April 2020.

    It was discovered his entire setup was a fraud and he was hiding in borrowings which were discovered to be in excess of 6.8 billion USD in 2019- Subsequently, he has absconded to India.


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    B.R. Shetty- Awards and Achievements

    Awards Year
    Abu Dhabi Awards- the highest civilian distinction in the Emirate 2005
    Pravasi Bharatiya Samman 2007
    Padma Shri 2009
    Asian Achievers Awards 2011
    International Achievers Summit’s Lifetime Achievement Award 2013
    Frost & Sullivan Lifetime Achievement Award 2013
    Top Indian Leaders in the UAE Award- Forbes Middle East 2014
    Centenary Award 2015
    Deal of the Year Award 2015
    6th Middle East Business Leaders Awards 2015
    Golden Peacock Lifetime Achievement Award for Business Leadership 2016
    Business Excellence Award from the Indian Business & Professional Council 2016
    Honorary Doctorate award by Middlesex University in Dubai 2016
    Annual Health Awards 2017
    Nadaprabhu Kempegowda International Award 2017
    C3 Lifetime Achievement Award 2018

    Shetty was awarded the highest civilian distinction in the Emirate, the Abu Dhabi Awards in 2005. It was given by H. H. Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi. U.S. India Friendship Society presented Shetty the Distinguished Entrepreneur Award in 2005.

    In 2007, Shetty was honored by the Pravasi Bharatiya Samman.

    In 2009, Shetty received the Padma Shri awarded by the President of India for his contribution in the field of trade and industry.

    He received the Asian Achievers Award from the Human Achievers Foundation in July 2011.

    Pharma Leaders founded by Satya Brahma declared Shetty as Global Indian of the Year along with Kiran Mazumdar Shaw at 5th Annual Pharmaceutical Leadership Summit & Pharma Leaders Business Leadership Awards in September 2012 in Mumbai.

    Shetty was recognized as one of Asia’s most promising leaders at the Asian Brand & Leadership Summit in 2013. He was awarded the International Achievers Summit’s Lifetime Achievement Award in March 2013. Shetty received the Asian Business Leadership Forum India-UAE Business Icons Award that same year. He also received the Frost & Sullivan Lifetime Achievement Award in 2013.

    Forbes Middle East recognized Shetty with the Top Indian Leaders in the UAE Award in 2014. In the same year he also received the Lakshya Business Visionary Award. Shetty was recognized with the International Achievement Award at the Indian Innovator Awards that same year.

    The Indian Club – Bahrain recognized Shetty with a Centenary Award in February 2015. He received the Deal of the Year Award at the Indian CEO Awards in 2015. Shetty received the Business Personality of the Year award from Crowe Horwath International in June 2015. Shetty received the Arabian Indian Czars award that same month.

    In 2015, Shetty received the Global Indian Achiever Award from H. H. Sheikh Nahyan Bin Mubarak al Nahyan. Also, H. H. Prince Faisal Bin Saud Bin Musaed Bin Abdulaziz presented Shetty with the National Cultural Award in 2015.  In 2015, Shetty’s company, NMC Healthcare, received the Frost & Sullivan Middle East Integrated Healthcare Company of the Year Award. MILAAP honored Shetty with a Lifetime Achievement Award that same year.

    B.R. Shetty was recognized as the Healthcare Business Leader of the Year at the 2015 Gulf Business Industry Awards. He was felicitated by More Ignatius Jacobite Syrian Orthodox Cathedral in Dubai in November 2015. In 2015, Shetty’s NMC Healthcare was recognized at the 6th Middle East Business Leaders Awards where Shetty was given the Industry Excellence in Healthcare Award.

    Shetty received the Golden Peacock Lifetime Achievement Award for Business Leadership in 2016. Shetty won the Business Excellence Award from the Indian Business & Professional Council in 2016.  In 2016, Middlesex University in Dubai awarded Shetty an Honorary Doctorate.

    Shetty was honored at the Annual Health Awards with a special award for his contribution to the region’s healthcare industry in January 2017. The next month, Shetty received the Nadaprabhu Kempegowda International Award at the Kempegowda International Festival.

    Shetty was recognized by Forbes Middle East among the top Indian leaders in the Arab world in May 2018. Shetty received the C3 Lifetime Achievement Award in September 2018.

    Frequently Asked Questions – FAQs

    Who is B. R. Shetty?

    Bavaguthu Raghuram Shetty is an Indian-born businessman who is the founder and an acquirer of a number of companies based in the United Arab Emirates, which includes Abu Dhabi-based NMC Health, Neopharma, BRS Ventures, and Finablr.

    Who is the Neopharma owner?

    B. R. Shetty is the owner of Neopharma.

    What is the full form of NMC Hospital?

    NMC Health stands for New Medical Centre in Abu Dhabi.