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Austin Russell Acquires Majority Stake in Forbes Magazine

(Bloomberg) -- Austin Russell, a 28-year-old automotive technology tycoon, acquired an 82% stake in Forbes Global Media Holdings, parent of the well-known business magazine.Most Read from BloombergThis New Airline Is Raising the Bar, From First Class to EconomyStock Traders Stay Calm About US Being on Cusp of DefaultRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoTesla Recalls Virtually Every Car It Has Sold in Chi