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42-584: In 2012, Solon achieved a rating of 111.2 on the Ohio state performance index and for the 13th consecutive year, the district met all 26 indicators measured on the state report card. This rating kept the Solon school district among the top five school districts in the state of Ohio, in 2012 ranking #3. The district was listed in Forbes "Top 20 Best Schools for Your Housing Buck" in 2013 at #18. In 2013, Solon High School

84-594: A Bronze Star and a Purple Heart . After dabbling in politics, including service in the New Jersey Senate from 1951 to 1957 and an unsuccessful candidacy for Governor of New Jersey , he committed himself full time to the magazine by 1957, three years after his father's death. After the death of his brother Bruce Charles Forbes in 1964, he acquired sole control of the company. The magazine grew steadily, and Forbes diversified his investments into real estate sales and other ventures. One of his last projects

126-441: A Blue Ribbon School Award in 2013. Solon High School is one of few schools to have received Blue Ribbon awards twice, both in 1991 and 2009. Current leaders and board members are: 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

168-664: 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

210-599: 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,

252-557: A dozen Imperial eggs. Malcolm Forbes' lavish lifestyle was exemplified by his private Capitalist Tool Boeing 727 trijet , ever-larger Highlander yachts, and his French Chateau ( Château de Balleroy in Normandy) as well as his opulent birthday parties. In the mid-1960s he was a fixture at NYC's famous Cat Club on Wednesday nights, supporting local musical talent. He chose the Mendoub Palace (which he had acquired from

294-558: 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,

336-555: A motorcycle club called the Capitalist Tools. His estate in New Jersey was a regular meeting place for tours that he organized for fellow New Jersey and New York motorcyclists. He had a stable of motorcycles but was partial to Harley-Davidson machines. He was known for his gift of Purple Passion, a Harley-Davidson, to actress Elizabeth Taylor . He was also instrumental in getting legislation passed to allow motorcycles on

378-476: 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

420-551: 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

462-450: A secret. The writer asked, "Is our society so overwhelmingly repressive that even individuals as all-powerful as the late Malcolm Forbes feel they absolutely cannot come out of the closet ?" Even in death, the media was reluctant to disclose his sexuality; when The New York Times reported on the controversy, they did not name Forbes in their coverage, referring only to news about a "famous, deceased millionaire". Forbes died in 1990 of

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504-545: 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 . Malcolm Forbes Malcolm Stevenson Forbes (August 19, 1919 – February 24, 1990) was an American entrepreneur and politician most prominently known as

546-407: 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

588-659: 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

630-587: 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 ,

672-690: The ACT . Solon was the only Ohio school to receive the award and one of 21 in the Midwest . The Solon City School District has also gained recognition for its Science Olympiad and Academic Challenge teams. Among numerous other awards, the Solon Middle School Science Olympiad has taken 1st place at the past six national tournaments (2008-2013), and Solon High School has placed 1st at the past three national tournaments(2011-2013). Members and coaches from both teams have been invited to

714-540: 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

756-518: The Cruden Bay Hotel , "to entertain people of Whitehill to a picnic". It was a tradition revived by Malcolm in 1987. In March 1990, soon after his death, OutWeek magazine published a story with the cover headline "The Secret Gay Life of Malcolm Forbes", by Michelangelo Signorile , which alleged Forbes was a gay man. Signorile was critical of the media for helping Forbes publicize many aspects of his life while keeping his homosexuality

798-503: The Garden State Parkway in New Jersey. Forbes was married for thirty-nine years to Roberta Remsen Laidlaw before their divorce in 1985. The couple had five children: Malcolm S. Jr. , Robert Laidlaw, Christopher Charles , Timothy Carter, and Moira Hamilton. Steve Forbes ran unsuccessfully for president in 1996 and 2000 . While living abroad, his father returned to Buchan , Aberdeenshire, every two years, staying in

840-544: The National Blue Ribbon Schools Program , considered to be the highest honor an American school can achieve, multiple times over the past few decades. Arthur Road Elementary School, Dorothy E. Lewis Elementary School, and Parkside Elementary School have each been recognized, in 2005, 2006, and 2009, respectively. Solon Middle School received an award in 2010 and Orchard Middle School was one of only two public middle schools in Ohio to receive

882-647: 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

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924-476: The CEOs of scores of multinational corporations likely to advertise in his magazine. The party entertainment was on a grand scale, including 600 drummers, acrobats and dancers and a fantasia—a cavalry charge ending with the firing of muskets into the air—by 300 Berber horsemen. Party favors included a custom-engraved Rolex watch for each guest. Forbes became a motorcyclist late in life. He founded and rode with

966-534: The Moroccan government in 1970) in the northwestern city of Tangier , Morocco, to host his 70th birthday party. Spending an estimated $ 2.5 million, he chartered a Boeing 747 , a Douglas DC-8 and a Concorde to fly in eight hundred of the world's rich and famous from New York and London. The guests included his friend Elizabeth Taylor (who acted as a co-host), Gianni Agnelli , Robert Maxwell , Barbara Walters , Henry Kissinger , six U.S. state governors, and

1008-704: 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

1050-549: The Republican nomination to Paul L. Troast , who had the support of most of the party establishment. In 1957, he was nominated but lost to incumbent Governor Robert Meyner . Forbes was born on August 19, 1919, in Englewood, New Jersey , the son of Adelaide Mary (Stevenson) and Scottish-born financial journalist and author B. C. Forbes . He graduated from The Lawrenceville School in 1937. In 1941 he received an A.B. from

1092-567: The School of Public and International Affairs, now Princeton School of Public and International Affairs , at Princeton University , with a 176-page senior thesis, "Weekly Newspapers - An Evaluation." Forbes enlisted in the Army in 1942 and served as a machine gunner in the 84th Infantry Division in Europe , rising to the rank of staff sergeant . Forbes received a thigh wound in combat, and received

1134-503: The annual White House Science Fair multiple times. The teams have also received commendations from the Ohio State Legislature. In 2017, Niche.com ranked the school district the best in the United States based on analysis that considered factors such as graduation rates, teacher quality, scores on state tests and college admission exams, and economic and racial diversity. Schools of the district have been recognized by

1176-557: 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

1218-631: 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

1260-494: 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

1302-406: 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

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1344-549: 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

1386-475: 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

1428-505: The publisher of Forbes magazine, which was founded by his father B. C. Forbes . He was known as an avid promoter of capitalism and free market economics and for an extravagant lifestyle, spending on parties, travel, and his collection of homes, yachts, aircraft, art, motorcycles, and Fabergé eggs . Forbes was also active in politics. He served two terms as a member of the New Jersey Senate representing Somerset County and ran two campaigns for Governor of New Jersey. In 1953, he lost

1470-402: 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

1512-433: 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

1554-470: 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

1596-413: 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

1638-491: 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

1680-583: Was listed as #107 on Newsweek ' s annual list of America's Best High Schools. The school was given a gold ranking and listed #264 by U.S. News & World Report , #11 in Ohio, and #100 nationally in STEM . In 2013, Solon High School was awarded the prestigious Red Quill Award from the ACT organization for the sixth consecutive year, and the Red Quill Legacy Award for the second consecutive year, for excellent overall student scores on

1722-667: Was the magazine Egg , which chronicled New York's nightlife. (The title had nothing to do with Forbes's famous Fabergé egg collection.) To honor his contribution to the magazine, Forbes won the Walter Cronkite Award for Excellence in Journalism in 1989. Forbes was an avid but idiosyncratic collector. In addition to a huge art collection and a collection of historical documents, he collected Harley-Davidson motorbikes and specially shaped hot air balloons . He owned more than 365 works by Peter Carl Fabergé , including

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1764-461: 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

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