Misplaced Pages

#364635

38-787: Forbes List can refer to one of the lists published annually by the American magazine Forbes , including: the Forbes 400 list of the wealthiest people in the United States. The World's Billionaires , a list of all the people with a net worth over US$ 1 billion. During the Pandemic, as the Global Economy was in turmoil, Forbes created the Forbes NEXT 1000 initiative to shine

76-587: A bachelor's degree in economics in 1942. Michaels joined the U.S. military during World War II . He applied to the American Field Service in April 1943 and was sent to Bombay India to drive an ambulance for the British Army as part of AFS India Burma Unit 1. James was the nephew of the comedy writer Al Boasberg . James Michaels stayed with the military until September 1944 when he

114-664: A buyer, Forbes suspended publication of these two magazines as of May 17, 2007. Both magazines were purchased by the American Heritage Publishing Company and resumed publication as of the spring of 2008. Forbes has published the Forbes Travel Guide since 2009. In 2013, Forbes licensed its brand to Ashford University , and assisted with the launch of the Forbes School of Business & Technology . CEO Mike Federle justified

152-795: A clear conclusion to ensure they were fit for readers. He also wanted stories in Forbes to be original. If a story had been covered in another publication, he didn't want it in the magazine. To quote him, "Our readers look to us for groundbreaking, helpful stuff. Who needs us if we're doing what everyone else is doing?" Mr. Michaels' writing on Gandhi's death is included in the anthology "A Treasury of Great Reporting". Michaels' dispatches from India are still taught in journalism anthologies of model reporting on deadline . Steve Forbes credits Mr. Michaels with Forbes success. Mr. Forbes wrote, "When Jim joined FORBES in 1954, this magazine was, to put it charitably, second-tier. Moreover, business journalism itself

190-483: A deal valuing the company at $ 800   million. His majority ownership was to include the remaining portion of the company owned by the Forbes family which was not previously sold to Integrated Whale Media. The transaction attracted scrutiny by the Committee on Foreign Investment in the United States . Russell denied reports that Russian businessman Magomed Musaev was involved in the transaction. In November 2023,

228-558: A financial columnist for the Hearst papers, and his partner Walter Drey, the general manager of the Magazine of Wall Street , founded Forbes magazine on September 15, 1917. Forbes provided the money and the name and Drey provided the publishing expertise. The original name of the magazine was Forbes: Devoted to Doers and Doings . Drey became vice-president of the B.C. Forbes Publishing Company, while B.C. Forbes became editor-in-chief,

266-410: A light on entrepreneurial heroes. This year-round initiative showcases the ambitious sole proprietors, self-funded shops and pre-revenue startups in every region of the country. Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Forbes List . If an internal link led you here, you may wish to change the link to point directly to

304-476: A part. A 2009 New York Times report said: "40 percent of the enterprise was sold... for a reported $ 300 million, setting the value of the enterprise at $ 750 million." Three years later, Mark M. Edmiston of AdMedia Partners observed, "It's probably not worth half of that now." It was later revealed that the price had been US$ 264 million. In 2021, Forbes Media reported a return to profit, with revenue increasing by 34 percent to $ 165 million. Much of

342-551: A post he held until his death in 1954. B.C. Forbes was assisted in his later years by his two eldest sons, Bruce Charles Forbes (1916–1964) and Malcolm Forbes (1919–1990). Bruce Forbes took over after his father's death, and his strengths lay in streamlining operations and developing marketing. During his tenure, from 1954 to 1964, the magazine's circulation nearly doubled. On Bruce's death, his brother Malcolm Forbes became president and chief executive officer of Forbes, and editor-in-chief of Forbes magazine. Between 1961 and 1999

380-750: A streaming platform Forbes8, highlighting notable entrepreneurs and sharing business tips. In 2020, the network announced the release of several documentary series including Forbes Rap Mentors , Driven Against the Odds , Indie Nation and Titans on the Rocks . James Michaels James Michaels was born in Buffalo, New York , on June 17, 1921. He attended the Culver Military Academy in Indiana and graduated from Harvard University with

418-655: A tough editor who wanted articles short, dramatic, and opinionated. According to the New York Times, when Michaels took over as editor, "American journalism remained a polite, dry affair, and corporate spin was reported without much skepticism. Ahead of his time, he made Forbes opinionated, interpretive and often indecorous, a magazine staunchly pro-business (and, its critics said, pro-wealthy) but did not hesitate to skewer companies and executives it saw as failures." According to Forbes, "he despised 'bad actors' who were cheating investors, customers, employees." According to

SECTION 10

#1732791794365

456-407: A wide network of freelancers ("contributors") writes and publishes articles directly on the website. Contributors are paid based on traffic to their respective Forbes.com pages; the site has received contributions from over 2,500 individuals, and some contributors have earned over US$ 100,000, according to the company. The contributor system has been criticized for enabling "pay-to-play journalism" and

494-659: Is Steve Forbes , and its CEO is Mike Federle . It is based in Jersey City, New Jersey . Competitors in the national business magazine category include Fortune and Bloomberg Businessweek . Published eight times a year, Forbes features articles on finance, industry, investing, and marketing topics. It also reports on related subjects such as technology, communications, science, politics, and law. It has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine

532-587: Is known for its lists and rankings, including of the richest Americans (the Forbes 400 ), lists of 30 notable young people under the age of 30 ( Forbes 30 Under 30 ), America's Wealthiest Celebrities, the world's top companies (the Forbes Global 2000 ), Forbes list of the World's Most Powerful People , and The World's Billionaires . The motto of Forbes magazine is "Change the World". B. C. Forbes ,

570-540: The Asia Society , wrote in The Washington Post that "Since that purchase, there have been several instances of editorial meddling on stories involving China that raise questions about Forbes magazine's commitment to editorial independence." On August 26, 2021, Forbes announced plans to go public via a merger with a special-purpose acquisition company called Magnum Opus Acquisition, and to trade on

608-634: The 1950s Mr. Michaels foresaw the growth of the then nascent mutual fund industry. Michaels was integral in the development of Forbes' grading system of the long-term performance of funds. He helped create the Forbes 400 ranking of America's richest people, first published in 1982. Mr. Michaels has been cited as mentoring and influencing a long and influential group of writers, journalists, and editors including (but not necessarily limited to): Norman Pearlstine , Allan Sloan , Richard Behar , David Churbuck , Gretchen Morgenson , Kenneth Fisher , Peter Brimelow , William M Reddig Jr and Ed Finn . Michaels

646-647: The 2009 Times report: "Steve Forbes recently returned from opening up a Forbes magazine in India , bringing the number of foreign editions to 10." In addition, that year the company began publishing ForbesWoman , a quarterly magazine published by Steve Forbes's daughter, Moira Forbes , with a companion Web site. The company formerly published American Legacy magazine as a joint venture, although that magazine separated from Forbes on May 14, 2007. The company also formerly published American Heritage and Invention & Technology magazines. After failing to find

684-704: The New York Stock Exchange as FRBS. In February 2022, it was announced that Cryptocurrency exchange Binance would acquire a $ 200 million stake in Forbes as a result of the SPAC flotation. In June 2022, the company terminated its SPAC merger citing unfavorable market conditions. In August 2022, the company announced that it was exploring a sale of its business. In May 2023, it was announced that billionaire Austin Russell , founder of Luminar Technologies , agreed to acquire an 82   percent stake in

722-415: The New York Times many of his former writers and editors remember Mr. Michaels as much for his brutal assessments of their work as for his incisive teaching. While always a gentlemen and available to talk, he could not stand verbose writing and would ruthlessly cut words and forced writers to state their view. A staunch contrarian, he did not let public opinion dictate the magazines views. Michaels focused on

760-557: The app. David Churbuck founded Forbes ' s web site in 1996. The site uncovered Stephen Glass 's journalistic fraud in The New Republic in 1998, an article that drew attention to internet journalism . At the peak of media coverage of alleged Toyota sudden unintended acceleration in 2010, it exposed the California "runaway Prius" as a hoax, as well as running five other articles by Michael Fumento challenging

798-631: The company published 100 articles each day produced by 3,000 outside contributors who were paid little or nothing. This business model, in place since 2010, "changed their reputation from being a respectable business publication to a content farm", according to Damon Kiesow, the Knight Chair in digital editing and producing at the University of Missouri School of Journalism. Similarly, Harvard University's Nieman Lab deemed Forbes "a platform for scams, grift, and bad journalism" as of 2022. In 2017

SECTION 20

#1732791794365

836-494: The deal collapsed, as Russell was unable to put together the necessary funds. Apart from Forbes and its lifestyle supplement, Forbes Life , the magazine has 42 international editions covering 69 countries: Chairman / Editor-in-chief 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. From

874-406: The entire media premise of Toyota's cars gone bad. The website (like the magazine) publishes lists focusing on billionaires and their possessions, especially real estate. Forbes.com is part of Forbes Digital, a division of Forbes Media LLC. Forbes's holdings include a portion of RealClearPolitics . Together these sites reach more than 27 million unique visitors each month. Forbes.com employs

912-562: The intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Forbes_List&oldid=1241505701 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Forbes Forbes ( / f ɔːr b z / ) is an American business magazine founded by B. C. Forbes in 1917 and owned by Hong Kong –based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief

950-549: The licensing in 2018, stating that "Our licensing business is almost a pure- profit business , because it's an annual annuity ." Forbes would launch limited promotions for the school in limited issues. Forbes has never formally endorsed the school. On January 6, 2014, Forbes magazine announced that, in partnership with app creator Maz, it was launching a social networking app called "Stream". Stream allows Forbes readers to save and share visual content with other readers and discover content from Forbes magazine and Forbes.com within

988-511: The lives, hopes, and fears of their potential readers." Michaels was a hater of weasel words . William Baldwin (current Forbes editor) wrote "Jim had a novel idea. Why not speak to the reader as if you were speaking to a friend on a street corner? Brevity helps. Judgments help. If the chairman of the company is a nincompoop, say so -- if there's evidence to prove it." As editor, Michaels edited 1,000 issues and he worked on almost every story. He wanted articles to be shorter, more direct, and with

1026-475: The magazine was edited by James Michaels . In 1993, under Michaels, Forbes was a finalist for the National Magazine Award . In 2006, an investment group Elevation Partners that includes rock star Bono bought a minority interest in the company with a reorganization, through a new company, Forbes Media LLC, in which Forbes Magazine and Forbes.com, along with other media properties, is now

1064-418: The needs of his readers, rather than pleasing corporate executives or the mainstream media. Allan Sloan wrote, "Unlike many of his competitors, Michaels didn't particularly lionize corporate chieftains. His focus was on representing small investors' interests." Mr. Michaels wrote, "MY THESIS is this: If newspapers hope to survive they would do well to be less concerned with a liberal social agenda and more with

1102-402: The publisher's 2012 earnings before interest, taxes, depreciation, and amortization was US$ 15 million. Forbes reportedly sought a price of US$ 400 million. In July 2014, the Forbes family bought out Elevation and then Hong Kong-based investment group Integrated Whale Media Investments purchased a 51 percent majority of the company. In 2017, Isaac Stone Fish, a senior fellow of

1140-433: The repackaging of public relations material as news. Forbes currently allows advertisers to publish blog posts on its website alongside regular editorial content through a program called BrandVoice, which accounts for more than 10 percent of its digital revenue. In July 2018 Forbes deleted an article by a contributor who argued that libraries should be closed, and Amazon should open bookstores in their place. As of 2019

1178-470: The revenue growth was attributed to Forbes’ consumer business, which was up 83 percent year-over-year. CEO Mike Federle says that Forbes is built on an audience and business scale with 150 million consumers. In January 2010, Forbes reached an agreement to sell its headquarters building on Fifth Avenue in Manhattan to New York University ; terms of the deal were not publicly reported, but Forbes

Forbes List - Misplaced Pages Continue

1216-413: The slogan "Home Page for the World's Business Leaders" and claimed, in 2006, to be the world's most widely visited business web site. The 2009 Times report said that, while "one of the top five financial sites by traffic [throwing] off an estimated $ 70 million to $ 80 million a year in revenue, [it] never yielded the hoped-for public offering ". Forbes.com uses a contributor network in which

1254-491: The website blocked internet users using ad blocking software from accessing articles, demanding that the website be put on the ad blocking software's whitelist before access was granted. Forbes argued that this is done because customers using ad blocking software do not contribute to the site's revenue. Malware attacks have been noted to occur from the Forbes site. Forbes won the 2020 Webby People's Voice Award for Business Blog/Website . In November 2019, Forbes launched

1292-417: Was a backwater, a place where publications dumped their drunks and burned-out sportswriters. Today business, finance and economics are front-page stuff." "Jim made FORBES not only the most influential magazine in the business field but also one of the world's premier publications. Indeed, with no exaggeration, Jim Michaels was the foremost editor of our era. He virtually created modern business journalism." In

1330-719: Was honored with many awards, including a special Gerald Loeb Award (1972), Editor of the Year by Ad Week (1983), and the Greald Loeb Lifetime Achievement Award (1994). The TJFR Group honored Michaels by naming him one of the Top Ten Business News Luminaries of the Century. James Michaels died at age 86 of pneumonia on October 2, 2007 in Manhattan . Michaels was a resident of Manhattan and Rhinebeck, New York , at

1368-637: Was released to the Office of War Information. After the war, Mr. Michaels remained in India and worked for the United Press wire service's New Delhi office, giving Mr. Michaels the biggest story of his life; in 1948 he broke the story of the assassination of Mahatma Gandhi . Mr. Michaels spent over four decades with Forbes magazine, after joining as a reporter in 1954 and rising to managing editor in 1957 where he served until 1961 when he became editor. Mr. Michaels retired from Forbes magazine in 1999 and

1406-580: Was succeeded as editor by William Baldwin . He left the magazine to help expand the Forbes Inc parent company into new mediums including television , books and new media . During his time as with Forbes, the magazine's circulation grew from 130,000 to 785,000, demonstrating how much readers enjoyed the magazine. According to Allan Sloan of Fortune magazine, James Michaels, "was an absolutely brilliant editor who transformed business magazine journalism." Steve Forbes described James Michaels as

1444-461: Was to continue to occupy the space under a five-year sale-leaseback arrangement. The company's headquarters moved to the Newport section of downtown Jersey City , New Jersey, in 2014. In November 2013, Forbes Media, which publishes Forbes magazine, was put up for sale. This was encouraged by minority shareholders Elevation Partners . Sale documents prepared by Deutsche Bank revealed that

#364635