We see that investors who have become dollar billionaires over time are definitely trying to create a publishing arm. Jeff Bezos’ Washington Post purchase is an example.
Forbes attack from Binance
Binance founder Changpeng Zhao, who has become the richest crypto money investor in the world and the largest dollar billionaire in Asia, follows the same path. The famous investor invested $200 million in the 104-year-old Forbes publication. Apart from CZ, the investor group also provided another $200 million in funding.
Known for listing the richest companies in the world, Forbes reaches a total of 150 million users with its licensing and content production. It is also traded on the NYSE stock exchange under the symbol FRBS. In other words, CZ entered the US stock markets, albeit indirectly.
Forbes was currently owned by Whale Media of Hong Kong with a 95 percent stake. In this respect, CZ’s investment is hardly surprising. What kind of change will happen in the structure of Forbes in the new period is eagerly awaited.
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