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Release: 2024-07-17 11:41:42
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Maya Parbhoe, CEO of the Bitcoin startup Daedalus Labs and a member of the boards of two other companies she started

rom Abra,”output: title: Like Father, Like Daughter: Maya Parbhoe Inherited Her Dad's Business Acumen and His Inability to Stomach Corruption

to how Grayscale does it, but with real estate.”

Parbhoe explained that she chose to create a REIT because she wanted to help people in Suriname, specifically, to own property.

“Suriname has a housing deficit of over 100,000 units,” she said.

“The average Surinamese makes about US$300 a month, and the average house costs about US$60,000. So, it's almost impossible for the average Surinamese to own a house.”

Parbhoe also explained that Surinamese people are used to paying rent because there aren’t many mortgages available in the country.output: Winod Parbhoe, the founder of Suriname Palace Casino, was murdered in cold blood on September 4, 2001. The entrepreneur was shot two times in the chest and once in the neck in a drive-by shooting, resulting in his death at the age of 36.

Parbhoe had blown the whistle about how millions of dollars were being siphoned out of his business’ bank account at De Surinaamsche Bank (DSB), the largest bank in the country aside from the country’s central bank.

He had gone to the head of the DSB, the Central Bank of Suriname, the country’s Foreign Exchange Commission, the Minister of Justice (the current President of Suriname) and even the CIA to report that his funds were being drained from his business account.

Not only did no one help resolve the issue, but he was killed soon after making the complaint.

The case is still unsolved, and it’s been reported to be one of the largest injustices in Suriname’s history.

Parbhoe left behind a wife and one daughter — Maya Parbhoe, a then 13-year-old girl.

Like Father, Like Daughter

Maya Parbhoe, CEO of the Bitcoin startup Daedalus Labs and a member of the boards of two other companies she started — Quickship Logistics and Icarus Geo — inherited her father’s business acumen as well as his inability to stomach corruption.

Before explaining how she’s tapping into both in an effort to become the next President of Suriname, it’s important to understand the role her family has played in Suriname’s history and the impact this has had on her.

Parbhoe comes from a legacy of gifted businesspeople who helped develop Suriname, a former Dutch colony with a population of about 600,000 located on the northern coast of South America.

“My grandfather is actually the one that started as an entrepreneur here,” Parbhoe told Bitcoin Magazine.

“He migrated to the city and started his first business, a department store where they would sell brands like Kenwood, Siemens and Sony. It became the largest department store in the country, and it made us one of the wealthiest families in the country, if not the wealthiest,” she added.

Parbhoe’s grandfather also invested heavily in real estate and other companies.

When he passed away in the mid-1990s, Parbhoe’s father, Winod, took over the businesses and properties. Between what Winod inherited and what he started on his own, the Parbhoe family was doing very well by the turn of the millennium.

“We had our own airline. We had a wood processing plant. We had a fish farm,” explained Parbhoe.

“We had two buildings in the city and one other massive building. My dad had a lot of real estate, because it was multi-generational,” she added.

Parbhoe also recalled her father being “very much into math and tech,” much like her grandfather. Winod Parbhoe stayed in the know when it came to new technology. He would be the first to test it out and then distribute it via the department store.

The Details Of Winod Parbhoe’s Death

Winod’s success gave him the opportunity to travel. In the late-1990s, he went to New York City, where he saw the Plaza Hotel. It inspired him to build something similar in Suriname.

To make his vision a reality, he and his brother, Ghautam Dharmindre Parbhoe, partners in a company called Parbhoe’s Handelmaatschappij, teamed up with Dorsett Resorts and Hotels, a company that was acquired in 2001 by Conserver Corporation of America, which was then publicly-traded on the New York Stock Exchange.

“My father bought US$500,000 in stock just to be in shareholder meetings,” shared Parbhoe.

Winod Parbhoe entered into a joint venture with Dorsett Resorts and Hotels under the name Suriname Leisure Company, A.V.V.. Their first order of business was to remodel a building that Parbhoe owned to turn it into a hotel with

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