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Tech billionaire Austin Russell acquires 82% stake in Forbes

Austin Russell, 28-year-old Chairman and CEO of automotive technology company Luminar Technologies, has acquired 82 per cent stake in Forbes Global Media Holdings, that published the Forbes magazine, in a deal that values the media house at nearly $800 million.

Forbes Majority Stake Sold to Billionaire Austin Russell

82% stake includes remaining portion of the company owned by the Forbes family, the company is valued at $800 million

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