Fortune
U.S. center / business-establishment
Background
Fortune was founded in 1930 by Henry Luce, the same publisher behind Time, as a magazine chronicling American business and capitalism during the Great Depression. It became part of Time Inc. and, after Time Inc.'s breakup, was acquired by Meredith Corporation in 2018 following Meredith's purchase of Time Inc. Later in 2018, Meredith sold Fortune to Chatchaval Jiaravanon, a member of Thailand's Jiaravanon family (of the Charoen Pokphand Group conglomerate), in a $150 million deal framed as a personal investment. Under this ownership, Fortune moved to diversify revenue beyond advertising, introducing a metered paywall and tiered membership subscriptions while continuing to grow its well-known franchises like the Fortune 500 list, Most Powerful Women, and various leadership conferences. Alyson Shontell has served as editor-in-chief since 2021, the first woman to hold the role. Fortune's editorial identity is generally pro-business and market-oriented rather than partisan, covering corporate strategy, finance, and executive leadership, though it also publishes opinion and policy analysis that can be critical of specific administrations' economic or regulatory moves regardless of party.
Sources
- Fortune Sold for $150M to Thai Businessman Chatchaval Jiaravanon
- Fortune Magazine's New Owner Is Member Of Thailand's Richest Family
- With new ownership, Fortune seeks to diversify revenues - Digiday
- Fortune is rolling out a three-tier membership program - Digiday
- Meet Fortune's new editor-in-chief | Editor and Publisher
- Fortune - About Us
Profile compiled 2026-09-25; refreshed when ownership, funding, or the administration changes.