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Forbes Building on Fifth Avenue in New York City
'Forbes' is an
American publishing and
media company. Its flagship publication,
Forbes magazine, is published bi-weekly. Its primary competitors in the national business magazine category are
Fortune, which is also published bi-weekly, and
BusinessWeek.
Company history
Forbes was founded in 1917 by Scottish immigrant
B. C. Forbes, then the leading business columnist for
Hearst newspapers. After his death in
1954 his son Bruce became president. Bruce died in
1964 and his brother
Malcolm Stevenson Forbes (
1917–
1990) became Editor-in-Chief and Publisher.
On Malcolm's death, his eldest son
Malcolm Stevenson "Steve" Forbes Jr. (
1947–) became President and Chief Executive of Forbes and Editor-in-Chief of
Forbes magazine.
[1].
Other publications
Apart from
Forbes and its lifestyle supplement,
ForbesLife, the other titles published include
Forbes Asia and eight local language editions. The company also publishes ''
American Heritage'', ''
American Heritage of Invention & Technology'' and ''American Legacy''. 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.
Web site
David Churbuck founded Forbes' Web site,
Forbes.com, in 1996. The site drew attention when it uncovered
Stephen Glass'
journalistic fraud in ''
The New Republic'' in 1998, a scoop that gave credibility to
internet journalism.
Forbes.com bills itself as "Home Page For The World's Business Leaders" and is the most widely visited business web site. It features in-depth coverage of current business and financial events and of high-end lifestyle. The current president and chief executive officer is James J. Spanfeller; the current editor is Paul Maidment; the current managing editor is Daniel Bigman. Forbes.com also publishes subscription investment newsletters, a luxury-vehicles site,
ForbesAutos, a luxury travel site,
ForbesTraveler, edited by G. Barry Golson, the former executive editor of
Playboy and TV Guide and former editor-in-chief of
Yahoo! Internet Life, and an online guide to web sites,
Best Of The Web.
Lists
Forbes creates many lists under various topics, the most popular being perhaps the
List of billionaires.
Companies
★
200 Best Small Companies
★
400 Best Big Companies
★
Forbes 500
★
Forbes Global 2000, a list of largest companies in the world taking into account
market capitalization,
revenue,
income and
assets (this is different from the
Fortune Global 500 which is based only on revenues).
★
Largest Private Companies
People
In popular culture ''Forbes'' is perhaps best-known for its many periodic lists of
net worth. As it often takes considerable detective work to determine the actual wealth of an individual, ''Forbes''
' figures are widely cited as nearly-definitive.
★
Executive Pay
★
Forbes 400, a list of the richest people in the United States
★
Midas List, an annual list of the top dealmakers in technology and life sciences
★
World's Richest People, a list of the richest people in the world
★
China Rich List, a list of the richest people in mainland China
★
India Rich List, list of the richest people in
India
★
Forbes Fictional 15, a self-parodying list of the richest movie, TV and literary characters
★
100 Most Powerful Women in the World (external:
[1])
★ The
Celebrity 100, an annual list of famous and financially influential celebrities (i.e., entertainers, musicians, producers, directors, and athletes)
[2]
★ The
China Celebrity 100
★ Top-Earning Dead Celebrities
[3]
Places
★
Best Cities For Singles
★
Best Places For Business
★
Most Expensive Zip Codes
★
Most Expensive Rental Markets In The U.S.
Fidel Castro conflict
In 2005, Forbes listed
Fidel Castro among the world's richest people, with an estimated net worth of $550 million USD. In the 2006 article "Fortunes Of Kings, Queens And Dictators", Forbes increased their estimate to $900 million USD.
[4] The article notes that estimating net worth for government leaders is "more art than science", and points out that in the case of Castro the authors used a discounted cash flow method for several state-owned companies, and assumed a portion of that profit stream went to Castro.
Fidel Castro responded that he has a net worth of less than $1 USD, and challenged any one to prove that he has any money in overseas accounts.
[5] Castro also stated that Forbes should place a bucket over their head.
[6]
See also
★
Lists of billionaires
★
Kenneth L. Fisher has written the “Portfolio Strategy” column in Forbes since 1984, It is the longest running current financial column in the magazine. Fisher became Forbes' fourth-longest-running financial columnist of all time with the appearance of his column in the issue of August 13, 2007.
References
1. ''Forbes'' 'Forbes Announce Elevation Partners Investment in Family Held Company' - August 6th, 2006
External links
★
Official site
★
''Forbes'' magazine
★
A complete listing of all of Forbes' lists
★
Forbes.com Corporate Org Chart Wiki, about the internal network of any company.
★
Forbes Eco-Solutions
★
Forbes Hybrid Cars Buyers Guide.