Forbes lists

''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include '' Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide.

The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Forbes, and its CEO is Mike Federle. In 2014, it was sold to a Hong Kong–based investment group, Integrated Whale Media Investments.

Company history

B. C. Forbes, a financial columnist for the Hearst papers, and his partner Walter Drey, the general manager of the ''Magazine of Wall Street'', founded ''Forbes'' magazine on September 15, 1917.Gorman, Robert F. (ed.) (2007) "September 15, 1917: ''Forbes'' Magazine is founded" '' The Twentieth Century, 1901–1940'' (Volume III) Salem Press, Pasadena, California, pp.1374–1376, p. 1375, Forbes provided the money and the name and Drey provided the publishing expertise. The original name of the magazine was ''Forbes: Devoted to Doers and Doings''. Drey became vice-president of the B.C. Forbes Publishing Company, while B.C. Forbes became editor-in-chief, a post he held until his death in 1954. B.C. Forbes was assisted in his later years by his two eldest sons, Bruce Charles Forbes (1916–1964) and Malcolm Forbes (1917–1990).

Bruce Forbes took over after his father's death, and his strengths lay in streamlining operations and developing marketing. During his tenure, 1954–1964, the magazine's circulation nearly doubled.

On Bruce's death, his brother Malcolm Forbes became president and chief executive of Forbes and editor-in-chief of ''Forbes'' magazine.'Forbes Announce Elevation Partners Investment in Family Held Company'
Elevation Partners press release, August 6, 2006. Between 1961 and 1999 the magazine was edited by James Michaels. In 1993, under Michaels, ''Forbes'' was a finalist for the National Magazine Award. In 2006, an investment group Elevation Partners that includes rock star Bono bought a minority interest in the company with a reorganization, through a new company, Forbes Media LLC, in which Forbes Magazine and Forbes.com, along with other media properties, is now a part. A 2009 ''New York Times'' report said: "40 percent of the enterprise was sold... for a reported $300 million, setting the value of the enterprise at $750 million." Three years later, Mark M. Edmiston of AdMedia Partners observed, "It's probably not worth half of that now.""Even Forbes is Pinching Pennies"
by David Carr, ''The New York Times'', June 14, 2009 (June 15, 2009 on p. B1 of the NY ed.). Retrieved June 15, 2009. It was later revealed that the price had been US$264 million.

Sale of headquarters

In January 2010, ''Forbes'' reached an agreement to sell its headquarters building on Fifth Avenue in Manhattan to New York University; terms of the deal were not publicly reported, but Forbes was to continue to occupy the space under a five-year sale-leaseback arrangement. The company's headquarters moved to the Newport section of downtown Jersey City, New Jersey, in 2014.

Sale to Integrated Whale Media (51% stake)

In November 2013, Forbes Media, which publishes ''Forbes'' magazine, was put up for sale. This was encouraged by minority shareholders Elevation Partners. Sale documents prepared by Deutsche Bank revealed that the publisher's 2012 earnings before interest, taxes, depreciation, and amortization was US$15 million. ''Forbes'' reportedly sought a price of US$400 million. In July 2014, the Forbes family bought out Elevation and then Hong Kong-based investment group Integrated Whale Media Investments purchased a 51 percent majority of the company.

Isaac Stone Fish wrote in ''The Washington Post'', "Since that purchase, there have been several instances of editorial meddling on stories involving China that raise questions about Forbes magazine's commitment to editorial independence."

SPAC merger

On August 26, 2021, Forbes announced their plans to go public via a merger with a special-purpose acquisition company called Magnum Opus Acquisition, and starting to trade at the New York Stock Exchange as FRBS. In February 2022, it was announced that Cryptocurrency exchange Binance would acquire a $200 million stake in Forbes as a result of the SPAC floatation.

Other publications

Apart from ''Forbes'' and its lifestyle supplement, ''Forbes Life'', other titles include ''Forbes Asia'' and 45 local language editions, including:

*''Forbes Africa''
*''Forbes África Lusófona''
*''Forbes Afrique''
*''Forbes Argentina''
*''Forbes Austria''
*''Forbes Brazil''
*''Forbes Bulgaria''
*''Forbes Colombia''
*''Forbes Chile''
*''Forbes China''
*''Forbes Czech''
*''Forbes Ecuador''
*''Forbes France''
*''Forbes Georgia''
*
Forbes Greece
'
*''Forbes Hungary''
*''Forbes India''
*''Forbes Indonesia''
*''Forbes Israel''
*''Forbes Italy''
*''Forbes Japan''
*''Forbes Kazakhstan''
*''Forbes Mexico''
*''Forbes Middle East''
*''Forbes Monaco''
*''Forbes New York''
*''Forbes Perú''
*''Forbes Poland''
*''Forbes Portugal''
*''Forbes Romania''
*''Forbes Russia''
*''Forbes Slovakia''
*'' Forbes Spain''
*''Forbes Thailand''
*''Forbes Ukraine''
*''Forbes Vietnam''

Steve Forbes and his magazine's writers offer investment advice on the weekly Fox TV show ''Forbes on Fox'' and on ''Forbes on Radio''. Other company groups include Forbes Conference Group, Forbes Investment Advisory Group and Forbes Custom Media. From the 2009 ''Times'' report: "Steve Forbes recently returned from opening up a ''Forbes'' magazine in India, bringing the number of foreign editions to 10." In addition, that year the company began publishing ''ForbesWoman'', a quarterly magazine published by Steve Forbes's daughter, Moira Forbes, with a companion Web site.

The company formerly published '' American Legacy'' magazine as a joint venture, although that magazine separated from Forbes on May 14, 2007.

The company also formerly published '' American Heritage'' and '' Invention & Technology'' magazines. After failing to find a buyer, Forbes suspended publication of these two magazines as of May 17, 2007. Both magazines were purchased by the American Heritage Publishing Company and resumed publication as of the spring of 2008.