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Repeat after Forbes: Capitalism is good! The company publishes the biweekly business magazine Forbes, long promoted as the "Capitalist Tool." It also publishes a handful of other magazines, including ForbesLife, a lifestyle magazine for business leaders. Forbes Web properties include sites such as Forbes.com, Investopedia.com, and RealClearPolitics.com. In addition, the company produces business-related conferences and publishes newsletters and custom magazines. Scottish immigrant and journalist B.C. Forbes launched Forbes in 1917. Chairman and former CEO Malcolm "Steve" Forbes is B.C.'s grandson. Forbes is majority-owned by private equity firm Elevation Partners.