Magazines have long been a powerful medium for entertainment, business, fashion, and culture. Some of the most influential publications have become global brands, shaping industries and trends. Here, we explore some of the hottest magazines, their leadership, and their financial standing.
1. TIME Magazine
- CEO: Marc Benioff (Owner)
- Net Worth: Estimated $10.7 billion
- Acquisition Price: $190 million (2018)
TIME Magazine is one of the most well-known publications worldwide, covering news, politics, business, and culture. In 2018, Marc Benioff, the co-founder of Salesforce, and his wife Lynne Benioff acquired the magazine for $190 million. However, recent reports suggest that Benioff is in talks to sell TIME to Greece’s Antenna Group for around $150 million.
2. Forbes
- CEO: Mike Federle
- Net Worth of Forbes: $800 million (estimated valuation in 2024)
Forbes is one of the world’s leading business magazines, known for its billionaire rankings, investment insights, and leadership content. The publication was originally founded in 1917 and remains a key player in financial journalism.
3. Playboy
- CEO: Ben Kohn (CEO of Playboy Enterprises)
- Net Worth: $500 million+ (company valuation in 2024)
Playboy is an iconic lifestyle and entertainment magazine that has evolved from print to digital media. Under the leadership of Ben Kohn, the brand has transitioned into a digital-first strategy, focusing on content, merchandise, and licensing deals.
4. Ebony & Jet Magazines
- Owner: Junior Bridgeman
- Net Worth: $600 million
Junior Bridgeman, a former NBA player turned entrepreneur, acquired Ebony and Jet magazines in 2020, saving them from financial trouble. These publications focus on African American culture, business, and entertainment.
5. The CEO Magazine
- CEO: Chris Dutton
- Net Worth: Privately owned (estimated multi-million dollar company)
This global business magazine provides insights into leadership, management, and corporate strategies. It is widely read by executives and entrepreneurs worldwide.
The Future of Magazines
While print magazines have faced challenges in the digital era, many publications have successfully transitioned to online platforms. Some, like Forbes and TIME, have maintained strong brand value, while others have rebranded into multimedia businesses.
As digital transformation continues, magazines that innovate and embrace technology will likely remain influential in shaping public opinion, business trends, and global culture.