Forbes

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Forbes

Forbes Building on Fifth Avenue in New York City (now owned by New York University)
Editor-in-chief	Steve Forbes
First issue	1917
Country	United States
Based in	New York City
Language	English
Website	forbes.com

Forbes, Inc. is a privately held publishing and media company. Its flagship publication is Forbes, a bi-weekly magazine, with a circulation over 900,000. In August 2006, the private equity firm, Elevation Partners, became a minority shareholder in a newly formed company, Forbes Media, which encompasses Forbes magazine and Forbes.com, one of the leading business sites on the Web. Forbes.com reaches 18 million people monthly. Other Forbes Media websites are RealClearPolitics, RealClearMarkets and RealClearSports. Together with the Forbes.com Business and Finance Blog Network, these properties reach nearly 40 million business decision makers each month.^[1]

The company also publishes Forbes Asia, ForbesLife, and Forbes Woman magazines. In addition, Forbes has 10 local-language licensee editions in China, Croatia, India, Indonesia, Israel, Korea, Poland, Romania, Russia, and Turkey. Forbes, Forbes Asia and the company's ten international licensee editions together reach a worldwide audience of more than 6 million readers.

Contents 1 Family company history 2 Forbes.com 3 Notable events 3.1 Fidel Castro controversy 3.2 Sale of headquarters to New York University 4 Lists 5 Notes 6 Further reading 7 External links

[edit] Family company history

In 1917, Bertie Charles Forbes, known as B. C. Forbes, launched Forbes magazine, the biweekly business publication geared for top decision makers. Scottish immigrant B.C. Forbes came to New York in 1904, and got his first job by offering to work for nothing as a reporter for The Journal of Commerce. A dozen years later he had become a widely syndicated business columnist. In 1917, as an outlet for his outpourings that were too voluminous for his daily column and his other magazine feature articles, he founded Forbes.

In 1946, following World War II, B.C.'s sons, Bruce and Malcolm Forbes, joined the company. Bruce headed advertising in Detroit, and Malcolm was assistant publisher. When B.C. died in 1954, Bruce became president and Malcolm the editor-in-chief and publisher.

Besides Malcolm and Bruce, there were three other brothers: Duncan, who died in his teens, Gordon who died in 1987, and Wallace, now president of Forbes Investors Advisory Institute. In 1964, Bruce Forbes died of cancer at the age of 48. Malcolm Forbes became the president and editor-in-chief, and made Forbes a household name when it came to business and investing.^[2]

Malcolm Forbes died at the age of 70 in 1990. Forbes, Inc. passed to his four sons and his daughter, Moira.

Today, Steve Forbes is Chairman and CEO of Forbes and Editor-in-Chief of Forbes Magazine; his brother Tim Forbes is President and Chief Operating Officer of Forbes; Christopher Forbes is Vice Chairman of Forbes. Robert Forbes is Vice President of Forbes and President of ForbesLife (Formerly Forbes FYI).

[edit] Forbes.com

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Forbes.com is home page for the world's business leaders and is among the most trusted resources for senior business executives, providing them with real-time reporting, uncompromising commentary, concise analysis, relevant tools, and community they need to succeed at work, profit from investing, and have fun with the rewards of winning. Throughout the business day Forbes.com publishes thousands of articles delivering the best of Forbes journalism and that of its selected partners with all the immediacy, depth, and interactivity that the Web allows. The site's nine editorial channels cover Business, Technology, Markets, Personal Finance, Entrepreneurs, Leadership, ForbesLife, Opinions, and Lists. The Forbes Video Network produces some 100 original videos each week. Forbes.com also publishes subscription investment newsletters. Forbes content is available on several mobile platforms (including for the iPhone, BlackBerry, and Palm Pre).

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

• Forbes.com (site)
• Investopedia.com (site)
• Realclearpolitics.com (site)
• Realclearmarkets.com (site)
• Realclearsports.com (site)

Together these properties, reach on average 40 million business decision makers each month.

Forbes International Licensee Editions

Forbes Korea was launched at the end of 2002 in affiliation with JoongAng Ilbo, a leading newspaper in Korea. The premiere issue was published in 2003 and its circulation is 52,000. The content is approximately 40 percent editorial from Forbes magazines, along with 60 percent Korean business news, commentary, and lifestyle features. Its Editor is Kil-Joo Yoon.

Forbes Russia was launched in April 2004 by agreement with publisher Axel Springer Russia. With a circulation of 100,000, it is distributed in Moscow, St. Petersburg and other major regional cities. It is produced in Russia by an independent editorial team, containing content based on Forbes' U.S. edition and local Russian business news and commentary. Its Editor is Maxim Kashulinsky.

Forbes China is published in partnership with Fosun Media, a member of the Fosun group, one of China’s largest private conglomerates. Forbes China is published monthly with a circulation of 158,000, and its editor is Zhou Jiangong. The first issue was published in March 2003.

Forbes Israel, the Hebrew-language edition, was launched in May 2004 with SBC Group. Distributed in Israel with a circulation of 25,000, the magazine's editorial content includes articles by local financial writers and analysts about the area business community. Also in the publication are Forbes' annual lists, along with regional surveys, including Israel's Best Big Companies and the ranking of the richest Israelis. Its Editor is Boaz Bin-Nun.

Forbes Poland was launched in December 2004 in an agreement with Axel Springer Polska, a unit of German publishing company Axel Springer Verlag AG. Forbes Poland has a circulation of 42,000. It is modeled on Forbes' U.S. edition, but focuses on Polish economic issues and features sections such as Strategies, Lifestyle and Columnists. Kazimierz Krupa is its Editor.

Forbes Turkey, launched in October 2005, is published in cooperation with Turkuvaz Gazete Dergi Basim Anonim Sirketi, a division of Calik Holding A.S., in Turkey. Produced by an independent editorial team, the magazine has a circulation of 17,000 and is distributed in the country's major regional cities. Its Editor is Burcak Guven.

Forbes Croatia, launched in November 2008, in partnership with Europapress Holding in Croatia. Produced in Croatia with an independent editorial team, the magazine contains content based on Forbes’ U.S. edition, in addition to local Croatian business news and commentary. It had its initial print run of 24,000 distributed in major cities in Croatia. The Europress agreement includes plans to eventually publish the magazine in Serbia, Bosnia-Herzegovina and Montenegro, as well as Croatia. Its Editor is Viktor Vresnik.

Forbes Romania, launched in March 2009 and is produced in partnership with the Adevarul Holding media group. With an initial circulation of 50,000, its content consists of 60 percent Romanian business news, commentary, and features, and 40 percent editorial from Forbes’ U.S. edition. Its Editor is Adriana Halpert.

Forbes India launched May 21, 2009 in Mumbai, in partnership with Network 18, India’s leading media conglomerate. Published every two weeks, the magazine will contain content from Forbes’ U.S. edition along with local business news and commentary from the Indian market. Its Editor is Indrajit Gupta.

Forbes Latvia was launched in May 2010 in partnership with SK Group, an international publishing group, in Latvia. The magazine will be published monthly and have an initial circulation 20,000. The launch was held in Riga.

Forbes Indonesia launched planned for mid-Fall 2010. The magazine will be published in partnership with media group PT Wahana Mediatama.

Other Divisions

Forbes Investors Advisory Institute (FIAI) is responsible for publishing the Forbes Special Situation Survey, the Forbes Growth Investor and the Forbes Stock Market Course. Forbes Special Situation Survey was first published in 1954. It comes out once a month and consists of a detailed research report on one publicly traded company. Forbes Growth Investor was founded in 2000 and is also published monthly. It maintains a recommended list of 50 stocks from eight major sectors. The Forbes Stock Market Course, first published in 1948, advises investors on how to build capital with stocks, bonds, mutual funds, and other investment vehicles. Wallace Forbes is President of FIAI, and Vahan Janjigian is its Vice President/Executive Director, and Chief Investment Strategist of Forbes.

Forbes Newsletter Group (FNG) publishes and edits the following newsletters: Forbes Growth Investor, Forbes/Lehmann Income Securities Investor, Forbes ETF Advisor, Forbes/Wolfe Emerging Tech Report, Forbes/Slatin Real Estate Report, Forbes International Investment Report, Forbes Tax Advantage Investor, Forbes Wireless Stock Watch, and The Prudent Speculator. FNG also produces five weekly e-letters and maintains marketing, content and distribution relationships with more than 35 outside newsletters (www.newsletters.forbes.com). FNG is responsible for the investing content found on Forbes.com’s Personal Finance Channel (www.forbes.com/finance). FNG also holds several online-only Investor iConferences, which are interactive trade shows that connect its readers with the smartest minds in investing and personal finance. Matthew Schifrin is Vice President/Editor.

Forbes Television: In May 2001 Forbes launched the co-branded "Forbes on Fox" with Fox News Channel, to expand the company's media platforms. A rotation of Forbes editors and writers give their unique, contrarian perspectives on breaking business news and markets. The show is cablecast every Saturday morning. In 2007, Forbes began an ongoing production partnership for special programming in conjunction with E! Entertainment Television, which has resulted in 13 Forbes E! specials to date. In mid-2008, the company entered into a joint venture with the YES Network to produce regular sports business video segments. Anchored by Forbes National Editor Michael Ozanian, these consist of regular sports business updates during Yankee pre-game season programming, as well as a monthly half-hour show that premiered in January 2009. Forbes has also entered into a production partnership for programs with The Travel Channel, which premiered the initial show in December 2008.

The Forbes Collection is open to the public at various locations, including: The Forbes Galleries in New York City; The Forbes Galleries in Burlingame, California; and the Musée des Ballons, adjacent to Forbes' Château de Balleroy in Normandy, France. Other portions of the collection, not open to the public, are housed at Forbes operations around the world, including Old Battersea House in London, England, and on board the Forbes yacht, The Highlander. The NYC Galleries opened to the public in February 1985 with 8,000 square feet of exhibition space, and showcase a collection of several thousand American Presidential manuscripts and related historical documents, toy boats, Monopoly® games, toy soldiers, trophies, and paintings.

[edit] Notable events

[edit] Fidel Castro controversy

In 2005, Forbes listed Fidel Castro among the world's richest people, with an estimated net worth of US$550 million. In the 2006 article, "Fortunes Of Kings, Queens And Dictators", Forbes increased their estimate to US$900 million.^[3] 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.

Castro responded that he has a net worth of less than US$1 , and challenged any one to prove that he has any money in overseas accounts.^[4]

[edit] Sale of headquarters to New York University

In January 2010, Forbes reached an agreement to sell its headquarters building located on Fifth Avenue in Manhattan to New York University. Terms of the deal were not publicly disclosed, but Forbes will continue to occupy the space under a five year sale-leaseback arrangement.^[5]

[edit] Lists

Wealth:
• The World's Billionaires [1]
• The 400 Richest Americans [2]
• Australia & New Zealand's 40 Richest [3]
• China's 400 Richest [4]
• Taiwan's 40 Richest [5]
• Hong Kong's 40 Richest [6]
• India's 100 Richest [7]
• Japan's 40 Richest [8]
• Korea's 40 Richest [9]
• Malaysia's 40 Richest [10]
• Philippines 40 Richest [11]
• Singapore's 40 Richest [12]
• Indonesia's 40 Richest [13]
• Thailand's 40 Richest [14]
Companies:
• 200 Best Small Companies [15]
• 400 Best Big Companies [16]
• America's Largest Private Companies [17]
• Asia's Best Under A Billion [18]
• Asia's Fab 50 Companies [19]
• Global High Performers [20]
• The Forbes 2000 [21]
• Top Micro finance Institutions [22]
People:
• The Best Brokerage Analysts [23]
• 48 Asian Altruists [24]
• The Celebrity 100 [25]
• The Forbes Fictional 15 [26]
• The World's Most Powerful Women [27]
• Top Earning CEO's [28]
• Top-Earning Dead Celebrities [29]
• The World's Top-Earning Models [30]
Money & Investing
• The 100 Best Mid-Cap Stocks [31]
• The 200 Largest U.S. Charities [32]
• The Best Brokerage Analysts [33]
• International Investing [34]
• The Investment Guide [35]
• Mutual Fund Guide [36]
Places
• America's Best Colleges [37]
• Best Business Schools [38]
• Best Cities For Singles [39]
• Best Countries For Business [40]
• Best Places For Business And Careers [41]
• The Best States For Business [42]
• Most Expensive ZIP Codes [43]
Sports
• The Business Of Baseball [44]
• Most Valuable NASCAR Teams [45]
• The Business Of Basketball [46]
• The Business Of Football [47]
• The Business Of Hockey [48]
• Most Valuable Soccer Teams [49]
• Top-Paid Tennis Stars [50]
Technology
• The E-Gang [51]
• The Web Celeb 25 [52]
• The 25 Fastest-Growing Tech Companies [53]
• Tech's Top Deal Makers [54]
Education
• America's Best Colleges [55]
• Best Business Schools [56]
• America's Best College Buys [57]
Food and Drink
• World’s Most Expensive Fast Food [58]
• Ten Great Unfiltered Wines to Try [59]
• Ten Bordeaux and California Reds Head-to-Head [60]
• India’s Fine Wine Hotspots [61]
• The World’s Most Coveted Champagnes [62]
• Top-Earning Celebrity Chefs [63]
Health
• Eleven Way to Boost Your Energy [64]
• America’s Fittest Cities [65]
• The World’s Diet Secrets [66]
• Ten Meals You Should Memorize [67]
• The Healthiest Foods on Earth [68]
• America’s Most Polluted Cities [69]
Real Estate
• America’s Thriftiest Cities [70]
• World’s Most Expensive Cities to Live [71]
• America’s 25 Best Places to Move [72]
• America’s Most Congested Cities [73]
• America’s Fastest-Falling Cities [74]
• U.S. Cities Where It’s Hardest to Get By [75]
• America’s Top-Selling Luxury Neighborhoods [76]
• World’s 20 Best Places to Live [77]
• America’s Top 25 Towns to Live Well [78]
• America’s Most Expensive Zip Codes [79]
Style
• World’s Most Stylish Cities [80]
• World’s Most Powerful Luxury Brands [81]
• Sneaky Ways You’re Lured to Shop [82]
• Winter Gear Worth the Buck [83]
• What Your Dog Says About You [84]
• Spa Treatments Too Bizarre To Believe [85]
• Most Powerful U.S. Fashion Magazine Editors [86]
Travel
• Deluxe Designer Hotels [87]
• Wallet-Friendly Last-Minute Getaways [88]
• Travel Etiquette in the World’s Most Visited Countries [89]
• Hidden Treasures of the Middle East [90]
• World’s 10 Best Airports [91]
Vehicles
• Toughest Cars on the Road [92]
• World’s Most Expensive Commutes [93]
• Highest Quality Cars of 2009 [94]
• Ten Cars That Changed the World [95]
• America’s Most Overpriced Cars [96]
• 2009’s Fastest Cars Under $100,000 [97]
• Best Convertibles of 2009 [98]
• Best Cars for Suburban Drivers [99]
• America’s Most Popular Car Colors [100]
• Most Affordable 2009 Vehicles [101]

[edit] Notes

[edit] Further reading

• Forbes, Malcolm S. (1974). Fact & Comment. New York: Knopf; [distributed by Random House]. ISBN 0394491874. OCLC 2696070. 
• Grunwald, Edgar A. (1988). The Business Press Editor. The New York University business magazine publishing series. New York: New York University Press. ISBN 0814730167. OCLC 17300233. 
• Holliday, Karen Kahler (1987). A Content Analysis of Business Week, Forbes and Fortune from 1966–1986. (M.J. thesis). Baton Rouge: Louisiana State University. OCLC 18772376.
• Kohlmeier, Louis M.; Udell, Jon G.; Anderson, Laird B. (1981). Reporting on Business and the Economy. Englewood Cliffs, N.J.: Prentice-Hall. ISBN 013773879X. OCLC 6487745. 
• Kurtz, Howard (2000). The Fortune Tellers: Inside Wall Street's Game of Money, Media, and Manipulation. New York: Free Press. ISBN 0684868792. OCLC 44131817. 
• Parsons, D. W. (1990) [1989]. The Power of the Financial Press: Journalism and Economic Opinion in Britain and America. New Brunswick, N.J.: Rutgers University Press. ISBN 0813514975. OCLC 496521134. 
• Tebbel, John William; Zuckerman, Mary Ellen (1991). The Magazine in America, 1741–1990. New York: Oxford University Press. ISBN 0195051270. OCLC 422903333. 

[edit] External links

Wikimedia Commons has media related to: Forbes

• ForbesInc.com
• ForbesMedia.com
• Forbes Lists
• Forbes Publications
• Forbes Russia (Russian)

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