The Forbes family, an emblem of American wealth and pioneer of business journalism, is giving up control over the media empire it cultivated for almost a century in a sale to a Hong Kong-based group.

The agreement, announced today, will hand over Forbes magazine and its widely followed ranking of the world’s richest people to Integrated Whale Media Investments. The group is led by Integrated Asset Management (Asia) Ltd., founded by investor Tak Cheung Yam, Forbes said in a statement. It didn’t disclose the price or size of the stake.

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