Why Forbes as an Inspiration?

Forbes has been around for a long long time. The reason we included it as inspiration is because often as bloggers we are tempted to give up after blogging for a month and seeing no progress. It is nice to be reminded that it can take over a hundred years before you hit that recognition. 

Founded in 1917 by B.C. Forbes, this blog covers business news and analysis. Its estimated revenue is $200 million.

A History of Forbes

Forbes is a global media company known for its coverage of business, finance, technology, entrepreneurship, and wealth. Here is a brief history, including some key moments:

1. Founding (1917)

Forbes was founded in 1917 by B.C. Forbes and Walter Drey, with the first issue of the magazine published in September of that year. The initial focus was on providing insightful coverage of business and finance.

2. Forbes 400 List (1982)

In 1982, Forbes introduced the Forbes 400, an annual list ranking the wealthiest individuals in the United States. This list became a widely recognized and anticipated feature, contributing to Forbes’ reputation as a leading source for information on wealth and business.

3. Expansion into Global Markets (1980s-1990s)

Forbes expanded its presence globally during the 1980s and 1990s, establishing editions in various countries. This expansion allowed Forbes to provide a broader perspective on international business and finance.

4. Digital Transformation (2000s)

Forbes embraced the digital era by launching its website, Forbes.com, in 2001. The online platform rapidly became a major player in digital journalism, providing timely and relevant content on business, technology, and leadership.

5. Forbes Women and ForbesLife

Forbes has diversified its content with special sections such as Forbes Women, focusing on female entrepreneurs and business leaders, and ForbesLife, covering lifestyle, luxury, and travel. These additions showcased Forbes’ commitment to addressing a diverse range of topics.

6. Under 30 Summit (2014)

Forbes introduced the Forbes Under 30 Summit in 2014, an annual event bringing together young entrepreneurs, innovators, and leaders under the age of 30. The summit has become a platform for networking, mentorship, and the exchange of ideas among the next generation of business leaders.

7. Forbes’ Impact on Entrepreneurship

Forbes has played a crucial role in highlighting and celebrating entrepreneurship. The magazine features profiles of successful entrepreneurs, startups, and businesses, contributing to a culture that values innovation and business leadership.

8. Forbes Media Ownership Changes (2014-2018)

In 2014, Forbes Media underwent changes in ownership when a group of international investors, known as Integrated Whale Media, acquired a majority stake. This change marked a shift in Forbes’ ownership structure.

9. Forbes’ Contributor Model

Forbes adopted a unique contributor model, allowing a wide range of external writers and experts to contribute content to the platform. This approach expanded Forbes’ reach and perspectives while providing a platform for industry professionals to share their insights.

10. Forbes Impact Investing Coverage

Forbes has increasingly covered impact investing, sustainability, and corporate social responsibility, reflecting the growing importance of socially responsible business practices in the global business landscape.

Conclusion

Forbes’ rich history reflects its commitment to providing insightful and influential coverage of business, finance, and related topics. The magazine’s ability to adapt to technological changes, expand globally, and embrace a diverse range of content has contributed to its enduring influence in the media landscape.