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Forbes is a global media and publishing company based in Jersey City, New Jersey, that produces a leading American business magazine focused on finance, investing, marketing, and corporate strategies. The organization operates an expansive digital platform and print publication that reached a historical circulation of 625,000 readers by 1972, generating revenue primarily through advertising, subscriptions, and its BrandVoice content platform. In 2014, a majority stake in the company was acquired by Hong Kong-based Integrated Whale Media Investments, shifting primary ownership away from the founding family. The publication is widely known for its annual wealth rankings, such as the Forbes 400, and has been shaped by prominent figures including former editor-in-chief Malcolm Forbes, current chairman Steve Forbes, and recently appointed CEO Sherry Phillips. Forbes was founded in 1917 by B.C. Forbes and Walter Drey.
Key people at Forbes.
Forbes is a prominent American business media company best known for its flagship publication, *Forbes* magazine, which delivers original articles on finance, industry, investing, marketing, technology, and entrepreneurship. It serves a global audience of business professionals, investors, and entrepreneurs by providing insightful analysis, rankings (such as the Forbes Richest 400), and thought leadership that highlight business success and innovation. The company plays a significant role in shaping public discourse on economic and financial matters, influencing both the startup ecosystem and established industries through its coverage and events[2][3].
Forbes was founded on September 15, 1917, by Bertie Charles (“B.C.”) Forbes, a Scottish immigrant and financial journalist who previously worked for William Randolph Hearst’s newspaper chain. B.C. Forbes envisioned a magazine that combined rigorous financial reporting with engaging storytelling about the individuals behind business achievements. After B.C. Forbes’s death in 1954, leadership passed to his sons, notably Malcolm Forbes, who expanded the magazine’s reach and influence during the mid-20th century. Under Malcolm’s stewardship, Forbes became synonymous with entrepreneurial success and wealth, launching influential features like the annual Forbes Richest 400 list in 1982. Steve Forbes, Malcolm’s son, later took over as editor-in-chief, further expanding Forbes’s global footprint with international editions and spin-offs[1][2][3][5].
Forbes rides the ongoing trend of digital transformation and entrepreneurship, providing critical coverage of emerging technologies, startups, and investment trends. Its timing is significant as the global economy increasingly values innovation and tech-driven growth. Forbes influences the broader ecosystem by spotlighting disruptive companies and thought leaders, shaping investor sentiment and startup visibility. Its editorial and event platforms serve as a nexus for connecting capital, ideas, and market insights, reinforcing its role as a key player in the business and tech media landscape[3].
Looking ahead, Forbes is likely to deepen its digital transformation, leveraging data analytics and multimedia content to engage a new generation of business leaders and investors. Trends such as AI, fintech, and sustainability will shape its editorial focus and event themes. As the startup ecosystem evolves, Forbes’s influence may grow by continuing to spotlight innovation and providing a trusted platform for business discourse globally. Its legacy as a storyteller of entrepreneurial success positions it well to remain a vital voice in business journalism and investment communities.
Key people at Forbes.
