Tag Archives: Forbes

Fortune Magazine History & Trivia | Brand History and Trivia

Fortune History & Trivia | Brand History and Trivia

Fortune History - Fortune 500

Fortune History:

Fortune is a global business magazine published by Time Inc.

The magazine is known for its annual features ranking companies such as “Best Places to Work,” “ Most Admired Companies“, “40 under 40” and “The Fortune 500”.  Fortune has a circulation of approx. 850,000, and is one of the most important business magazines in the U.S., with Forbes being its nearest rival.

Fortune History - Henry Luce, the Founder of Time, Life, Fortune and Sports Illustrated

 

Founder: Henry Luce, the influential American publisher behind several noted magazines like Time, Life, and Sports Illustrated was the founder of Fortune.

Fortune History:

Fortune was founded by Henry Luce in February 1930, 4 months after the Wall Street Crash of 1929 that lead to the Great Depression.  Fortune’s maiden issue with 184 bright, lavish pages debuted with 30,000 subscribers.

Fortune History - Cover of The First Edition Of Fortune, February 1930

The Fortune 500 list was conceptualized by Edgar P. Smith, an editor for Fortune. The first Fortune 500 list was released in 1955. The Fortune 500 list consists of the top grossing companies by revenue and is an indicative of the rise or fall of the American economy.
A team of reporters, accountants and analysts go through the companies’ annual financial statements, which all publicly traded companies must file each year with the U.S. Securities and Exchange Commission. Once the information is gathered and organized, Fortune compiles the list and publishes it in April.

For American companies, nothing exudes prestige like a listing in Fortune magazine’s annual Fortune 500.

Fortune Trivia:

Fortune History - Fortune 500 Magazine Cover

 

–          Henry Luce wanted to name the magazine Power initially.

–          Fortune began as a monthly magazine, but the frequency was doubled in 1978. In October 2009, however, it was made a tri-weekly due to decrease in ad revenue and circulation.

–          DuPont is the only company to be featured on the Fortune 500 list in all editions since 1955.

–          Only 3 companies have been able to retain the No. 1 spot on the Fortune 500 list till date- Wal-Mart, ExxonMobil and General Motors.

–          Since 1955, more than 1800 companies have appeared on the Fortune 500 list.

Fortune History and Trivia is a Brand History and Trivia Page just like Dell and AOL

Mukesh Ambani tops Forbes’ India rich list

Reliance Industries Chairman Mukesh Ambani has topped Forbes’ India Rich List for third consecutive year with net worth of $27 billion, Forbes Magazine has reported.
Ambani is followed by Arcelor Mittal Chairman Lakshmi Mittal with wealth totaling $26.1 billion. Third in the list in Wipro Chairman Azim Premji, whose net worth is pegged at $17.6 billion.
The combined fortune of India’s 100 richest people rises to $300 billion from $276 billion last year, says Forbes India.
India’s booming stock market and a rapidly expanding economy (growing by 8.5 per cent) are primary reasons that have boosted the net worth of the rich.
The top 10 richest in India are:
1 ) Mukesh Ambani; $27 billion
2 ) Lakshmi Mittal; $26.1 billion
3 ) Azim Premji; $17.6 billion
4 ) Shashi & Ravi Ruia; $15 billion
5 ) Savitri Jindal; $14.4 billion
6 ) Anil Ambani; $13.3 billion
7 ) Gautam Adani; $10.7 billion
8 ) Kushal Pal Singh; $9.2 billion
9 ) Sunil Mittal; $8.6 billion
1 0 ) Kumar Birla; $8.5 billion

Arundhati Roy, Indra Nooyi feature in Forbes most inspiring women list

Chairman and CEO of PepsiCo, Indra Nooyi and social activist and writer Arundhati Roy, feature in the Forbes list of 30 most inspiring women released.

The list compiled by Forbes Woman, asked its followers on Facebook and Twitter to vote for their most inspirational woman figure.

Oprah Winfrey, television host, actress, producer, and philanthropist, won the most votes and leads the poll. She was also voted the most powerful celebrity by Forbes in June.

Roy ranks third on the list while Indra Nooyi is the tenth most inspirational woman figure.

Some other women in the list include actress Angelina Jolie, former US Secretary of State Condolezza Rice, Hilary Clinton, J K Rowling, Melinda Gates, Michelle Obama, Mother Terresa, Venus and Serena Williams.