https://sputnikglobe.com/20230513/billionaire-austin-russell-buying-majority-stake-in-forbes---reports-1110309288.html
Billionaire Austin Russell Buying Majority Stake in Forbes - Reports
Billionaire Austin Russell Buying Majority Stake in Forbes - Reports
Sputnik International
Austin Russell, a 28-year-old billionaire and CEO of electric vehicle technology company Luminar Technologies, says he is purchasing a majority stake in Forbes Global Media Holdings, according to media reports.
2023-05-13T04:57+0000
2023-05-13T04:57+0000
2023-05-13T04:58+0000
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Russell has agreed to acquire an 82% majority stake in the media firm, with the deal valuing Forbes at nearly $800 million, the newspaper said on Friday. Hong Kong-based Integrated Whale Media Investments will retain a minority stake in the company. According to media reports, Russell does not plan to influence day-to-day news coverage by Forbes, but is planning to focus on the company’s growth and philanthropy.
https://sputnikglobe.com/20220927/forbes-net-worth-of-wealthiest-americans-drops-for-first-time-since-great-recession-1101282670.html
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billionaire austin russell, stake in forbes, forbes global media holdings
billionaire austin russell, stake in forbes, forbes global media holdings
Billionaire Austin Russell Buying Majority Stake in Forbes - Reports
04:57 GMT 13.05.2023 (Updated: 04:58 GMT 13.05.2023) MOSCOW (Sputnik) - Austin Russell, a 28-year-old billionaire and CEO of electric vehicle technology company Luminar Technologies, says he is purchasing a majority stake in Forbes Global Media Holdings, according to media reports.
Russell has agreed to acquire an 82% majority stake in the media firm, with the deal valuing
Forbes at nearly $800 million, the newspaper said on Friday.
Hong Kong-based Integrated Whale Media Investments will retain a minority stake in the company.
27 September 2022, 14:37 GMT
According to media reports, Russell does not plan to influence day-to-day news coverage by Forbes, but is planning to focus on the company’s growth and philanthropy.
