Don’t Be Fooled By These Companies, They Were Not Owned By Americans Anymore

Published on 10/27/2021
ADVERTISEMENT

Ironman

As part of the Hawaii Triathlon Corporation, the Ironmen competition was founded. It was purchased for $3 million in 1990 by Dr. James P. Gills. Since then, it has grown into a much larger organization than it was at the start. The company was bought for $85 million in 2008 by Providence Equity Securities. It was bought for $650 million by the Dalian Wanda Group seven years later! It turns out that in order to do so, the Chinese corporation had to take on the debt of the previous owner. Wanda was ecstatic about the 40 percent net increase it saw year after year, despite the fact that it had been successful prior to the current configuration.

Ironman

Ironman

ADVERTISEMENT

Forbes

Forbes published its debut edition in September 1917. Isn’t it amazing that it’s been 103 years since then? It has subsequently grown into a respected publication that publishes definitive and dependable celebrity and company rankings. We’re confident you’ve heard of its well-known lists like the World’s 100 Most Powerful Women and 30 Under 30. Although many people believe it is an American journal, the truth is that it is now owned by Integrated Whale Media Investments, a Hong Kong-based firm. Forbes was purchased for $400 million in 2014. However, we doubt that the readers saw any differences before and after the sale was made.

Forbes

Forbes

ADVERTISEMENT