who owns forbes magazine
Who Owns Forbes Magazine? Forbes magazine is primarily owned by Integrated Whale Media Investment Inc., a Hong Kong-based firm holding the controlling 51% stake since acquiring it in 2014 for around $475 million. Highlander Management LLC serves as a key co-owner with a significant share, while the Forbes family retains a minority interest, allowing Steve Forbes to stay on as chairman and editor-in-chief.
Ownership History
Forbes shifted from full family control to broader investment in 2014 when Integrated Whale Media bought the majority stake, fueling digital growth and global licensing—now boasting 85 million monthly users. A 2023 deal where tech mogul Austin Russell aimed for an 82% stake valued at nearly $800 million fell through, as did earlier SPAC plans, keeping the current structure intact as of early 2026. This stability supports Forbes' mix of journalism, events, and branded content amid print ad declines.
Key Players Breakdown
- Integrated Whale Media (IWM) : Lead investor focused on Asia-North America media; drives international editions like Forbes Asia.
- Highlander Management LLC : U.S. private equity partner aiding tech upgrades and board input without editorial sway.
- Forbes Family : Minority holders preserving brand legacy—Steve Forbes ensures editorial continuity.
Owner| Stake Type| Role/Impact| Year Joined
---|---|---|---
Integrated Whale Media| 51% controlling| Expansion capital, global strategy 1|
2014
Highlander Management| Significant co-owner| Digital infrastructure 3|
Post-2014
Forbes Family| Minority| Editorial leadership 7| Founders (1917)
Recent Context (2025-2026)
No major shifts reported by February 2026; Sherry Phillips leads as CEO since January 2025, with Peter Hung on the board. Failed deals like Austin Russell's highlight investor interest, but privacy shields exact details—revenue now leans digital (top global news site traffic). Forums buzz with speculation on future sales, tying into media consolidation trends.
TL;DR : Integrated Whale Media owns majority control of Forbes, with Highlander and the family rounding out stakes—stable since 2014 despite deal drama.
Information gathered from public forums or data available on the internet and portrayed here.