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BUSINESS
October 15, 1985 | Associated Press
The richest of the rich in America is worth $2.8 billion, while the poorest of the rich checks in at a mere $150 million. But who's counting? Forbes magazine, that's who, and its 1985 list of the nation's 400 richest people is topped by Sam Moore Walton of Bentonville, Ark., who has made $2.8 billion through his Wal-Mart discount stores. Walton, who danced a hula on Wall Street last year when profit goals were met, replaced Gordon Getty, the front-runner for the past two years.
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SPORTS
March 26, 2014 | By Steve Dilbeck
Who says you don't get what you paid for? Even if it takes a couple of years. Forbes has come out with its annual team valuations for Major League Baseball, and guess what the business magazine said the Dodgers are worth in 2014 -- $2 billion. Or exactly what Guggenheim Baseball Management paid for the Dodgers in 2012 - not counting the additional $150 million it generously gave Frank McCourt for half ownership of the Dodger Stadium parking lots. That's a 24% jump in team value from last year.
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BUSINESS
December 16, 1986
In a bid to get people to pick up its Dec. 29 issue--which features a cover story on the often-dry subject of education--the weekly business magazine has intentionally misspelled its own name on the cover as Forbs. "Education is one of the great room-emptiers of all time," explained Sheldon Zalaznick, managing editor. "In the spirit of fun, we decided to do something to wake people up." Some buyers are actually mistaking the issue as a Harvard Lampoon parody, Zalaznick said.
SPORTS
February 28, 2014 | By Austin Knoblauch
Michael Jordan played in his last NBA game more than a decade ago, but that doesn't mean his earning power has waned at all. According to Forbes , Jordan was the highest paid retired athlete in 2013, earning an estimated $90 million. Among current athletes, only boxer Floyd Mayweather Jr. made more money last year than Jordan, Forbes reported. What was the catalyst behind Jordan's impressive earning power? Shoes. Nike's Air Jordan line of footwear continues to sell like it's the summer of 1991.
WORLD
March 5, 2013 | By Daniel Hernandez
MEXICO CITY -- Mexican telecom magnate Carlos Slim is the world's richest man once more, according to a new Forbes list of billionaires, and Mexican drug lord Joaquin "Chapo" Guzman was dropped from the list because his estimated drug profit could not be verified. Guzman, 55, had been a controversial fixture on the list since 2009. Forbes said this week that Guzman's whereabouts are unknown, and it was unable to verify his estimated wealth as chief of the Sinaloa cartel, which the magazine called the world's largest drug-trafficking network.
BUSINESS
March 10, 2011 | From Times wire reports
The richest man in the world remains Carlos Slim, according to Forbes magazine's list of billionaires. The number of billionaires increased by 199 in the past year, according to the magazine, but it was the Mexican telecom magnate Slim, who kept the No. 1 spot for the second year by increasing his worth by $20.5 billion to $74 billion. Photos: Some of the richest people in the world Microsoft Corp. co-founder Bill Gates, who is worth $56 billion, is No. 2 on the list.
ENTERTAINMENT
December 12, 2012 | By Randy Lewis
Forbes has just issued its annual ranking of the highest-earning women in music, and heading the list is Britney Spears, whose $58 million from May 2011 through May 2012 outranked all others. It is, however, about 30% less than the $90 million that Lady Gaga earned the previous year to top the magazine's 2011 roster. Spears generated most of her $58 million from her “Femme Fatale” concert tour and album, along with additional revenue from her Elizabeth Arden fragrance line and other product endorsements.
BUSINESS
March 5, 2013 | By Shan Li
Mexican drug kingpin Joaquin "Chapo" Guzman has fallen off Forbes magazine's annual list of the world's billionaires. Guzman, who has been in hiding since escaping from a maximum-security prison in 2001, is chieftain of the Sinaloa cartel, Mexico's biggest and oldest drug-trafficking network. He first made the billionaire list in 2009 and remained on it until this year. Luisa Kroll, an editor at Forbes, said that Guzman's "whereabouts are unknown" and therefore it's difficult to verify his assets.
SPORTS
March 21, 2012 | By Steve Dilbeck
This is called a decent spike in assessed valuation. Also excellent timing. If only the Los Angeles housing market could follow suit. Forbes has come out with its latest evaluations for Major League Baseball teams, and guess which team was credited with a 75% jump in value? Your very own bankrupt Los Angeles Dodgers. The Dodgers, valued a year ago by Forbes at $800 million, are now estimated to be worth $1.4 billion . And that's for the team, Dodger Stadium and the lease to the parking lots.
ENTERTAINMENT
August 1, 2013 | By Mark Olsen
In case you were unaware, Angelina Jolie is famous. Like, really famous. So in one sense it's perfectly logical that she would top the most recent Forbes list for highest-paid actresses, with earnings of $33 million over the last year, according to a report from the magazine earlier this week. The Guardian broke down that number to include a $10-million contract with Louis Vuitton and a $15-million salary for her upcoming role as the evil stepmother in a retelling of the Sleeping Beauty tale, “Maleficent,” scheduled for release next year.
SPORTS
January 22, 2014 | By Mike Bresnahan
MIAMI - The Lakers are losers in the standings but financial winners in a big way. They were declared the NBA's second-most valuable franchise, behind only the New York Knicks, in an annual report released Wednesday by Forbes. The Lakers are worth $1.35 billion, up 35% from the previous year, thanks mainly to their new television contract with Time Warner Cable. They earned $122 million last season from TWC, more than 20 times what the Charlotte Bobcats and Milwaukee Bucks received from their broadcasting partners, according to Forbes.
ENTERTAINMENT
January 21, 2014 | By John Horn
- Maya Forbes knew the story all too well, but she waited a long time to write a script based on her childhood. It's understandable why the writer-director wasn't rushing. Her father was manic-depressive, and when her mother left their Cambridge, Mass., home to attend graduate school in New York, a 10-year-old Forbes and her sister were largely left in their father's care, which was far from normal - let alone safe - parenting. Forbes, 45, who has writing credits on "The Larry Sanders Show" and the animated movie "Monsters vs. Aliens," said as a parent she has encouraged her children not to be timid.
ENTERTAINMENT
December 13, 2013 | By Randy Lewis
Beyonce's surprise album drop constitutes an early holiday gift to fans, but it also figures to bolster her own bank account considerably, enough that it may combine with her other business ventures to deliver her most lucrative year yet, Forbes reports . Whatever she gleans out of the $15.99 downloads of “Beyonce,” the new “visual album” that posted with zero fanfare early Friday on iTunes, will add to revenue from her “Mrs....
ENTERTAINMENT
December 10, 2013 | By Christie D'Zurilla
Smile, Adam Sandler - the joke's on you! Or maybe the joke's on us, the collective moviegoing audience? Sandler leads Forbes' 2013 list of the most overpaid Hollywood actors, with "Jack & Jill" and "That's My Boy" as cases in point, illustrating the kind of product that served up only a $3.40 return on every star-salary dollar spent. ("Grown Ups 2" missed the cutoff.) Forbes assembles the top 10 list using data from Box Office Mojo combined with salary data found in its own annual Celebrity 100 list, which cuts off at June 2013.
WORLD
October 30, 2013 | By Carol J. Williams
Russian President Vladimir Putin is the most powerful person in the world, outflanking President Obama, whose authority was damaged by the recent government shutdown and budget crisis, Forbes magazine reported Wednesday in its annual rankings of global movers and shakers. The list of 72 power brokers -- one for every 100 million people on Earth -- included 17 heads of state and 27 industry leaders, the youngest in each category being North Korea's 30-year-old leader Kim Jong Un and Facebook founder Mark Zuckerberg, 29. It was only the second time in Obama's presidency that he failed to top the list, and Forbes' rationale in awarding the No. 1 spot to Putin seemed more Obama's failing than the Kremlin leader's accomplishment.
SPORTS
October 24, 2013 | By Steve Dilbeck
Notice to the 29 other major league baseball clubs: Gushing thank-you notes to the Dodgers can be addressed to Guggenheim Baseball Management, 1000 Elysian Park Ave, Los Angeles CA 90012. A small token of your appreciation would probably be welcomed, but really, is quite unnecessary. For all the shock and awe that rippled through the league after the Dodgers paid a record $2.15 billion to purchase the Dodgers last year, one thing was certain: the Dodgers had increased the value of every other team in baseball in the process.
ENTERTAINMENT
December 4, 2012 | By Patrick Kevin Day
Forbes has released its annual list of Hollywood's most overpaid actors. Topping the list is Eddie Murphy. Murphy's career seemed headed for a rebound with a 2007 best supporting actor Oscar nomination for "Dreamgirls" and an announcement that he would host the upcoming Academy Awards ceremony. But he dropped out of the hosting gig after producer Brett Ratner left, and his three most recent films have disappointed at the box office. If you take out Murphy's voice role in the latest "Shrek" movie, "Shrek Forever After," the worldwide gross of Murphy's last three live-action films -- "Imagine That," "Tower Heist" and "A Thousand Words" -- is a combined domestic box office total of $196.3 million.
ENTERTAINMENT
November 29, 2012 | By Gerrick D. Kennedy
Still waiting on Dr. Dre's “Detox”? Well, keep waiting. The rapper is too busy raking in money -- and tons of it. The rapper/producer/entrepreneur will end the year -- which included him bringing Tupac back to quasi-life at Coachella -- at the top of Forbes' annual list of highest-paid musicians . Dre reportedly collected $110 million during the scoring period that ran from May 2011 to May 2012, beating Taylor Swift, Justin...
ENTERTAINMENT
October 16, 2013 | By Nardine Saad
Ashton Kutcher and Jon Cryer, stars of the CBS comedy "Two and a Half Men," have been named the highest-paid TV actors of 2013 by Forbes magazine. Despite flagging viewership as of late, the show makes most of its dough in syndication, which keeps its male stars -- old and new -- in the magazine's top 10 . Besides syndication, most of the actors on the list have some meager box-office bucks that helped boost their totals this year. The magazine calculates the earnings by speaking with producers, managers, agents and other individuals in the industry to figure out how much the actors made through their entertainment-related endeavors between June 2012 and June 2013, Forbes said.
BUSINESS
September 16, 2013 | By Ricardo Lopez
Five years after the financial crisis, the mega-rich have regained all the wealth they lost during the recession, setting a new record value for combined net worth, according to Forbes' 400 richest Americans list released Monday . The annual report showed that America's wealthiest have a combined net worth of $2.02 trillion, the highest value ever recorded by Forbes. That's up from $1.7 trillion a year ago.  Microsoft Corp. co-founder Bill Gates took the top spot for the 20th year in a row. His net worth is $72 billion, up from $66 billion a year ago.  Top 10 richest people ever led by 14th century African king Warren Buffet, chief executive of Berkshire Hathaway Inc., came in second place with a net worth of $58.5 billion, up from $46 billion a year earlier.  The Forbes report said that the wealthy have been boosted by the rising stock market and real estate, which have recovered strongly since the economic downturn.  The top 10 included Larry Ellison, co-founder of Oracle Corp.
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