Forbes

Forbes (pronounced /fɔːrbz/) is a magazine specialized in the world of business and finance, published in the United States. Founded in 1917 by B.C. Forbes, each year it publishes lists of great business interest as the Forbes 500. Its headquarters are located on Fifth Avenue in New York. Since 1986, every year, Forbes publishes its list of the richest people in the world (“The World's Richest People”).

Company

Forbes is an American publisher. Its flagship publication, Forbes magazine, is published every two weeks. Its main competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week. The magazine is world famous for its lists, including its lists of the richest Americans (the Forbes 400) and its billionaire lists. The magazine's motto is "The Capitalist's Tool".

History

B. C. Forbes, a Hearst finance columnist, and his partner Walter Drey, the managing director of Magazine of Wall Street, founded Forbes magazine in 1917. Forbes put the capital and the name and Drey the journalistic experience. The original name of the magazine was Forbes: Dedicated to People Who Do and What They Do. Drey became vice president of the company, while B.C. Forbes became editor-in-chief, a position he held until his death in 1954. B.C. Forbes was helped, in the last years of his life, by his two eldest sons, Bruce Charles Forbes (1916-1964) and Malcolm Stevenson Forbes (1917-1990).

Bruce Forbes took over the magazine after his father's death, and his forte was streamlining operations and business development. During his tenure, 1954-1964, the magazine's circulation doubled. However, investors and the confidence they placed in the magazine have a lot to do with the increase in circulation.

When Malcolm Forbes took over, he was not in charge of operations but he did provide two strategic initiatives that changed Forbes forever. He instituted a task force at home, rather than using freelance journalists, and published the first list article, for which Forbes became famous.

On Malcolm's death, his eldest son Malcolm Stevenson “Steve” Forbes Jr. (1947-) became President, and editor-in-chief of the magazine. Between 1961 and 1999 the magazine was edited by James Michaels. In 1993, under Michaels' leadership, Forbes was a finalist for the National Magazine Award. In 2006, a group of investors Elevation Partners (including rock star Bono) bought a minority interest in the company. The New York Times, in 2009 announced that 40% of the company was sold for 300 million dollars, putting the value of the company at 750 million dollars.

Other publications

Apart from Forbes and its lifestyle supplement, ForbesLife, there are also: Forbes Asia and eight local language editions. Steve Forbes and his writers offer investment advice on Fox's weekly TV show, Forbes on Fox and Forbes on Radio . There are also other groups of companies such as Forbes Conference Group, Forbes Investment Advisory Group, and Forbes Custom Media. The 2009 Times report said that: “Steve Forbes returned after opening a Forbes magazine in India, increasing the number of foreign editions to 10. In addition, this year the company began publishing Forbes Woman, a quarterly magazine with an accompanying website.

The company jointly published American Legacy magazine with another company, though that magazine was spun off from Forbes on May 14, 2007.

The company also published American Heritage and Invention & Technology. Unable to find a buyer, Forbes suspended publication of these magazines effective May 14, 2007. These magazines were later purchased by the American Heritage Publishing Company, and have now returned to publication since the spring. of 2008.

Forbes.com

David Churbuck founded the Forbes website in 1996. It exposed the journalistic fraud of Stephen Glass in The New Republic in 1998, an article that attracted the attention of Internet journalism. The web, like the magazine, publishes many lists focused on billionaires and their possessions.

Forbes.com uses the tagline "Home Page For The World's Business Leaders" and sometimes claims to be the most visited business site in the world. The current president is James J. Spanfeller; publisher Paul Maid; Managing Editor Carl Lavin, who followed Managing Editor Michael Noer and Dan Bigman.

According to Forbes.com, the website is among the most trusted resources for business executives, giving them current weather reports, free commentary, concise analysis, relevant tools and communities they need to succeed at work., investment earnings, and have fun with the earnings.

Forbes.com also publishes investment fact sheets, a luxury car site, Forbes Autos edited by Matthew De Paula, and a luxury travel site, Forbes Traveler, edited by G. Barry Golson, formerly Executive Editor of Playboy and TV Guide and also Editor-in-Chief of Yahoo! Internet Life, and an online guide to Internet sites, Best Of the Web.

Forbes.com is part of Forbes’ Digital, a division of Forbes Media LLC. Forbes.com and affiliates include:

• Forbes.com
• ForbesTraveler.com
• Investopedia.com
• Realclearmarkets.com
• Realclearsports.com
• Realclearpolitics.com

These sites reach more than 27 million business people each month.

The 2009 Times report also said, that: “One of the top 5 most trafficked financial sites, producing $70 to $80 million each year in profit, never produced the desired public offering."

Released in May 2005 by Forbes.com. Forbes Autos.com is a website designed specifically for luxury car buyers and enthusiasts. Editorial content is written specifically for wealthy consumers, with an emphasis on objectivity.

ForbesTraveler.com is designed for the affluent and selective traveler. Launched in September 2006 by Forbes.com, Forbes Traveler is dedicated to inspiring, planning and executing the world's most distinctive travel experiences.

Forbes8

In November 2019, Forbes launched a streaming platform called Forbes8, which presents a series of original content aimed at entrepreneurs. The network counts currently with thousands of videos and, according to the magazine itself, it is "a Netflix for entrepreneurs". In 2020, the launch of several documentary series was announced, such as Forbes Rap Mentors, Driven Against the Odds, Indie Nation and Titans on the Rocks. In mid-2022, the platform launched a news website related to the business world.

According to Tom Davis, CGO of the company, with this service Forbes offers "exclusive and quality video content that allows our community to meet the most innovative business minds in the world&# 34;. According to the Tech Bullion portal, the platform currently has more than 4,000 pieces of content.

Lists

Forbes creates many lists under various topics, the most popular being perhaps the billionaires list.

Companies

1. 200 Best Small Companies.
2. 400 Best Big Company.
3. Forbes 500.
4. Forbes Global 2000: a list of the largest companies in the world, taking into account market capitalization, credit, income and goods. (This is a different basis for the list used by Fortune Global 500, which is based only on revenues).
5. The Greatest Private Companies.
6. The 100 best airlines.
7. More valuable sports clubs.

People

In popular culture, Forbes is popularly known for its many periodic net worth lists. As a lot of investigative work is often required to determine an individual's current wealth, the Forbes figures are widely cited as almost definitive.

1. Forbes 500: a list of the richest people in the United States.
2. List of Midas (Midas List): an annual list of the most recognized negotiators in technology and life sciences.
3. The richest people in the world (World's Richest People): a list of the richest people in the world.
4. The richest in China (China Rich List): a list of the richest people in China.
5. The richest in India (India Rich List): list of the richest people in India.
6. Richest leaders in the world: list of more wealthy rulers, dictators or sovereigns on the planet.
7. Fiction forbes 15 (Forbes Fictional 15): a list of the richest film, television and literary characters.
8. The most powerful people in the world (The World's Most Powerful People): a list that selects a person for every 100 million on the planet as the most powerful, comparing heads of state with religious figures and people outside the law.
9. The 100 most powerful women in the world (The World's 100 Most Powerful Women): a list of the most powerful women in the world.
10. 100 celebrities (The Celebrity 100): an annual list of the most influential celebrities: presenters, artists, producers, directors and athletes.
11. The 100 celebrities of China (The China Celebrity 100).
12. Missing celebrities with higher income (Top-Earning Dead Celebrities): a list of celebrities who have already died and who continue to receive credits from their material.
13. Best paid athletes (The World's Highest-Paid Athletes): list of athletes with the greatest income in the world.
14. Hollywood's best paid young people (Young Hollywood's Top-Earning Stars): list of the best paid and profitable young people in Hollywood

Places

1. The best cities for singles.
2. Best places for business.
3. The smartest cities in the world.
4. The most costly rental market in the United States.

Objects

1. The 10 most expensive cars in the world.

Branches

Forbes currently has offices in South America, Central America, Portugal, Kazakhstan, Angola, Slovakia, and the Asian continent.

Other data

The popularity of Forbes magazine has spread to a large scale, as well as to hip hop culture. Singer 50 Cent released the official mix of his hit, "I Get Money" from his album Curtis, on September 11, 2008, titled "Forbes 1,2,3," aka "Billion Dollar Remix". The title of the song comes from the fact that Jay-Z, 50 Cent and Diddy were in the top three of Forbes's list of the Most Rich Kings of Hip Hop, respectively. The video for "Forbes 1,2,3," can be seen as the introduction to 50 Cent's single, "I Still Kill" about Akon, from his album Curtis.

Conflict with Fidel Castro

In 2005, Forbes ranked Fidel Castro among the richest people in the world, with an estimated net worth of $550 million. In the 2006 article 'Fortunes of Kings, Queens and Dictators', Forbes increased his estimated wealth to $900 million. This article estimates the value of heads of government, "it is more an art than a science" and points out that in the case of Castro, the authors used a cash flow method counting several state companies and assuming that a portion of the profit was received by Castro. Castro responded that he had a net worth of less than a dollar and challenged anyone to prove that he has money in accounts in foreign countries.