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The phrase "affect the fortunes" is correct and usable in written English.
It can be used when discussing how certain actions, events, or decisions can influence someone's wealth, success, or overall situation.
Example: "The new policy changes could significantly affect the fortunes of small businesses in the area."
Alternatives: "influence the outcomes" or "impact the wealth".
Exact(24)
Writer wonders how this will affect the fortunes of OTB.
The White House realized that intervening against ISIS could affect the fortunes of the hostages.
His plans could well affect the fortunes of the others in the race.
Increasingly, it will affect the fortunes of every firm that must have successful online offerings.
The more attention the squabbling attracts, the more the Reform Party may affect the fortunes of the Republican ticket.
He must also have given thought to the long-term ramifications of this vote, and how it will affect the fortunes of the Party he plans to lead.
Similar(36)
And they are already seeing examples of how a single act, stance or tweet can affect the fortune of the entire company.
The success or failure of firms obviously affects the fortunes of the places with which they are associated as expressed in, for example, job opportunities and tax payments.
It is another issue altogether, of course, how today's spinoff affects the fortunes of AT&T.
It would have been a painful decision and one that could have dramatically affected the fortunes of the Rangers.
What do you do when your enemy's enemy is your enemy?" The crucial question is whether the row has affected the fortunes of DMGT.
More suggestions(16)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com