Fortune sold to Thai billionaire

Bangkok, 13th November: This week, Chatchaval Jiaravanon, a member of Thailand’s wealthiest family, announced that he had acquired U.S. magazine, Fortune, a leading business publication, for US$150 million.

Chatchaval acquired Fortune from American publisher, Meredith, through Fortune Media Group Holdings which Chatchaval established for the purpose of acquiring the magazine.