Fortune (stylized in all caps) is an American global business magazine headquartered in New York City.
[7] In late October 1929, the Wall Street Crash of 1929 occurred, marking the onset of the Great Depression.
By 1937, the number of subscribers had grown to 460,000, and the magazine had turned half million dollars in annual profit.
During the Great Depression, the magazine developed a reputation for its social conscience, for Walker Evans and Margaret Bourke-White's color photographs, and for a team of writers including James Agee, Archibald MacLeish, John Kenneth Galbraith, and Alfred Kazin, hired specifically for their writing abilities.
In October 2009, citing declining advertising revenue and circulation, Fortune began publishing every three weeks.
with expanding the traditional focus on business and the economy with added graphs, charts, and tables, as well as the addition of articles on topics such as executive life and social issues connected to the world of business, including the effectiveness of public schools and on homelessness.
[18][19][20] On November 9, 2018, it was announced that Meredith Corporation was selling Fortune to Thai billionaire Chatchaval Jiaravanon for $150 million.
[21] Jiaravanon is affiliated with the Thailand-based conglomerate Charoen Pokphand Group, which has holdings in agriculture, telecommunications, retail, pharmaceutical, and finance.
[23] Fortune Indonesia is an American global business magazine headquartered in New York City and published for the Indonesian region.