Austin Russell, the youngest self-made millionaire and founder of Orlando-based Luminar Technologies, plans to acquire 82% of Forbes Media, LLC. The deal brings the business-focused publishing company back to U.S. ownership after almost a decade under controversial communist Chinese investors who were accused of censoring content critical of the Chinese government. And a Florida businessman, Austin Russell, who also happens to be the world’s youngest self-made millionaire, is the person behind it all. The Forbes media company was founded in 1917, and for the next 97 years, the Forbes family published Forbes Magazine and later also launched Forbes.com. Not long after the buyout by Chinese investors, previously published articles critical of the Chinese government that had been promoted and hosted at Forbes.com were purged from the website.

Source: Forbes May 19, 2023 14:43 UTC