“ Billionaire & Founder of Self-Driving Luminar Technologies Austin Russell Age 28 Buys 82% of Forbes Valued at $800 Million from Hong Kong Integrated Whale Media Investments, Forbes Family Exits But Chairman Steve Forbes Remains Involved in Company “īillionaire & Founder of Self-Driving Luminar Technologies Austin Russell Age 28 Buys 82% of Forbes Valued at $800 Million from Hong Kong Integrated Whale Media Investments Forbes Magazineġ2th May 2023 – Today, American innovator and automotive tech industry pioneer Austin Russell, the Founder and CEO of Luminar, and Hong-Kong based Integrated Whale Media Investments (IWM) announced they have entered into a definitive agreement for the acquisition of majority ownership in Forbes Global Media Holdings in a transaction valuing the company at nearly $800 million. In 2014, Hong Kong based investor Integrated Whale Media had bought a majority stake in Forbes for around $475 million. In 2022, Forbes had cancelled plan to go public in a $630 million SPAC listing with Magnum Opus Acquisition Corp. Steve Forbes is the grandson of Forbes founder Bertie Charles Forbes, founding Forbes in 1917.

Billionaire & Founder of Self-Driving Luminar Technologies Austin Russell Age 28 Buys 82% of Forbes Valued at $800 Million from Hong Kong Integrated Whale Media Investments, Forbes Family Exits But Chairman Steve Forbes Remains Involved in Companyīillionaire & founder of self-driving technology company Luminar Technologies Austin Russell (Age 28) has acquired 82% of Forbes valued at $800 million from Hong Kong Integrated Whale Media Investments, with Forbes family exiting but Chairman Steve Forbes remains involved in the company.

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