17 Mar 2026 | 3 Mins Read
Canadian billionaire Stephen Smith acquires stake in The Economist magazine
Flipitmoney
Stephen Smith and his family's holding company, Smith Financial Corp., are acquiring a 26.9% stake in The Economist Group's publisher from existing shareholders, including Lynn Forester de Rothschild, for an undisclosed price. The deal is subject to closing conditions and reflects Smith's support for The Economist's editorial independence.