Fortune (magazine)

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Fortune is a prominent American business magazine that is published monthly and is known for its comprehensive coverage of the business world, including profiles of companies, industries, and influential business leaders. Founded by Henry Luce in 1930, Fortune has established itself as a leading publication in the field of business journalism.

History

Fortune was founded in 1930 by Henry Luce, who was also the co-founder of Time magazine. The magazine was launched during the Great Depression, a time when the economic landscape was challenging, yet it quickly gained a reputation for its in-depth analysis and high-quality journalism. The first issue of Fortune was published in February 1930, and it was priced at $1, which was quite expensive at the time.

Content and Features

Fortune is renowned for its annual rankings, which include the Fortune 500, a list of the 500 largest U.S. companies by total revenue, and the Fortune Global 500, which ranks the top 500 corporations worldwide. These lists are highly anticipated and widely regarded as authoritative benchmarks in the business world.

The magazine covers a wide range of topics, including:

• Corporate strategy
• Finance
• Technology
• Leadership
• Entrepreneurship
• Economics

Fortune is also known for its long-form feature articles that provide deep insights into the business strategies and operations of major companies and industries.

Editorial Leadership

The editorial leadership of Fortune has seen several notable figures over the years. As of the latest update, the editor-in-chief is Alyson Shontell, who took over the role in 2021. Under her leadership, the magazine continues to adapt to the changing media landscape while maintaining its commitment to high-quality journalism.

Ownership

Fortune has undergone several ownership changes throughout its history. Originally part of Time Inc., it was sold to Meredith Corporation in 2018. Later that year, it was acquired by Fortune Media Group Holdings, a company owned by Thai businessman Chatchaval Jiaravanon.

Digital Presence

In addition to its print edition, Fortune has a significant digital presence. Its website, fortune.com, offers a wide array of content, including articles, videos, and podcasts. The digital platform allows Fortune to reach a global audience and provides real-time updates on business news and trends.

Impact and Influence

Fortune has played a significant role in shaping business journalism and has influenced the way business news is reported and consumed. Its rankings, such as the Fortune 500, are considered essential references for business professionals, investors, and academics.

Also see

• Time (magazine)
• Businessweek
• Forbes
• The Wall Street Journal
• The Economist