Forbes 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 is Steve Forbes, and its current CEO is Mike Federle. It is based in Jersey City, New Jersey. But on Dec 11, 2024, Forbes names Sherry Phillips, the current chief revenue officer since 2022, to be the new CEO since Jan 1, 2025, whereas the outgoing CEO, Mike Federle, will take on a strategic advisor role. 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 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”.
Company history
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Forbes Media headquarters at 499 Washington Blvd, Jersey City since 2014 B. C. Forbes, 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, 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).
Other publications
Apart from Forbes and its lifestyle supplement, Forbes Life, the magazine has 42 international editions covering 69 countries:
- Forbes Africa
- Forbes Afrique (Francophone Africa)
- Forbes África Lusófona (Lusophone Africa)
- Forbes Argentina
- Forbes Australia
- Forbes Austria
- Forbes Brazil
- Forbes Bulgaria
- Forbes Central America
- Forbes Chile
- Forbes China
- Forbes Colombia
- Forbes Cyprus
- Forbes Czech Republic
- Forbes Dominican Republic
- Forbes Ecuador
- Forbes En Español
- Forbes España (Spain)
- Forbes France
- Forbes Georgia
- Forbes Greece
- Forbes Hungary
- Forbes India
- Forbes Israel
- Forbes Italy
- Forbes Japan
- Forbes Kazakhstan
- Forbes Korea
- Forbes Mexico
- Forbes Middle East
- Forbes Paraguay
- Forbes Peru
- Forbes Poland
- Forbes Portugal
- Forbes Romania
- Forbes Slovensko (Slovakia)
- Forbes Srbija (Serbia)
- Forbes Switzerland
- Forbes Thailand
- Forbes Ukraine
- Forbes Uruguay
- Forbes Vietnam
Ceased publication
- Forbes Baltics
- Forbes Estonia
- Forbes Indonesia
- Forbes Latvia
- Forbes Lithuania
- Forbes Monaco
- Forbes Russia
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 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.
Forbes Executive Leadership Team
A professional overview of the Forbes Executive Leadership Team and their roles.
| Name | Position |
|---|---|
| Mike Federle | CEO |
| William Adamopoulos | CEO/ASIA |
| Taha Ahmed | Chief Growth Officer |
| MariaRosa Cartolano | General Counsel |
| Moira Forbes | Executive Vice President, Forbes Media; President & Publisher, ForbesWomen |
| Nina Gould | Chief Product Officer |
| Laura Brusca | Chief Communications Officer |
| Peter Hung | President Licensing & Branded Ventures |
| Ali Intres | Chief Human Resources Officer |
| Randall Lane | Chief Content Officer |
| Sherry Phillips | Chief Revenue Officer |
| Ash Rahimi | CEO, Forbes Marketplace |
| Vadim Supitskiy | Chief Digital & Information Officer |
| Michael York | Chief Financial Officer |
| David Johnson | Chief Data Officer |
| Seth Cohen | Chief Impact Officer |
| Lynn Schlesinger | Chief Customer Experience Officer |
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