Forbes is an American publishing house. Its flagship publication, the magazine Forbes, is published every two weeks. Its main competitors in the category of business magazines nationwide are Fortune, which is also published biweekly, and Business Week. The magazine is world famous for its lists, including lists of the richest Americans (the Forbes 400) and lists of billionaires. The motto of the magazine is “The Capitalist Tool”.
David Churbuck founded the website Forbes.com in 1996. The year which he uncovered the fraud journalist Stephen Glass in The New Republic in 1998, an article that attracted the attention of Internet journalism. The website and magazine, publishes many lists focused on billionaires and their possessions.
Forbes.com uses the slogan “Home Page For The World’s Business Leaders” and sometimes claims to be the most visited place of business in the world. The current president is James J. Spanfeller; Paul Maid is an editor; Chief editor is Carl Lavin, who followed him chief editor Michael Noer and Dan Bigman.
Conflict with Fidel Castro
In 2005, Forbes placed Fidel Castro among the richest people in the world, with an estimated $550 million net worth. In the 2006 article, “Fortunes Of Kings, Queens And Dictators” Forbes increased its estimated $900 million wealth. This paper estimates the value of heads of government, “it is more a craft than a science” and notes that in the case of Castro, the authors used a method of cash flow had several state companies and assuming that a portion of the gain it is received by Castro. Castro said he has a net worth of less than a dollar and challenged anyone to prove that he has money in accounts in foreign countries.