Forbes

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Forbes is an American business magazine published bi-weekly. It features original articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, politics, and law. Its headquarters is located in Jersey City, New Jersey. Primary competitors in the national business magazine category include Fortune and Bloomberg Businessweek. Forbes is well-known for its lists and rankings, including of the richest Americans (Forbes 400), of the world's top companies (Forbes Global 2000), and The World's Billionaires. The motto of Forbes magazine is "The Capitalist Tool".

History

Forbes was founded by B.C. Forbes, a financial columnist for the Hearst papers, and his partner Walter Drey, the general manager of the Magazine of Wall Street, in 1917. B.C. Forbes was editor-in-chief until his death in 1954. After his death, his son Malcolm Forbes took over as president and chief executive of Forbes and its parent company, Forbes Inc. Today, Forbes is still a family-run business, now in its fourth generation. Steve Forbes, a grandson of the founder, is the current editor-in-chief.

Content and Coverage

Forbes is famous for its lists and rankings, including the Forbes 400 list of the wealthiest Americans, Forbes Global 2000 ranking of the largest global companies, and the Forbes list of The World's Billionaires. These lists have often been used as references in various studies and financial analyses regarding the state of the American economy and global business trends.

The magazine also covers a wide range of topics beyond the business world, including technology, science, and law. It has expanded its content and media presence with the introduction of new websites and digital platforms, including Forbes.com, which attracts millions of visitors each year.

Digital Media

Forbes.com is part of Forbes Digital, a division of Forbes Media LLC. Forbes's online network includes Forbes.com, Investopedia, RealClearPolitics, RealClearMarkets, RealClearWorld, and others. The site has become a leading source for real-time financial news, stock market updates, and wealth management tips. Forbes.com also hosts various thought leadership forums and events.

Criticism and Controversy

Despite its success, Forbes has faced criticism and controversy, particularly regarding its rankings and the methodology used to compile them. Critics argue that the lists often lack transparency and may not accurately reflect the true state of wealth or corporate success. Additionally, Forbes has been involved in controversies over journalistic integrity and the separation between its editorial and advertising departments.

Ownership

Forbes Media LLC, the parent company of Forbes magazine and Forbes.com, has undergone several ownership changes over the years. In 2014, a majority stake in the company was sold to a group of international investors. However, the Forbes family retains a significant ownership stake, and Steve Forbes remains a key figure in the company's leadership.

Conclusion

Forbes continues to be a significant force in the world of business journalism, offering in-depth analysis, comprehensive lists, and rankings that have become benchmarks for success in various industries. Despite facing challenges and controversies, it remains an influential publication for readers interested in finance, economics, and business strategy.