Ironman
The Ironmen race was founded by the Hawaii Triathlon Corporation. Dr. James P. Gills purchased it for $3 million in 1990. It has since expanded into a much larger company. Providence Equity Securities acquired the company for $85 million in 2008. Seven years later, the Dalian Wanda Group acquired it for $650 million! According to reports, the Chinese business was forced to assume a portion of the previous owner’s debt in order to close the sale. While the business was already profitable prior to its current configuration, Wanda was pleased with the 40% year-over-year net growth.
Ironman
Forbes
Forbes published its first issue in September of that year. Isn’t it remarkable that 103 years have gone since then? Since since, it has developed a reputation as a trustworthy source for credible celebrity and business rankings. Two well-known lists to use as a starting point for your research are the World’s 100 Most Powerful Women and 30 Under 30. While many believe it is an American publication, it is really owned by Hong Kong-based Integrated Whale Media Investments. It paid $400 million for Forbes in 2014. However, we believe that readers have not seen anything different since the agreement was reached and prior to that as well as subsequent to that.
Forbes
