It’s worth $439 million. Steve Forbes is an American publisher, editor, and businessman. Steve Forbes is the editor-in-chief of Forbes and the president and CEO of Forbes Inc., the magazine’s publisher, respectively. He ran as a Republican in the 1996 U.S. presidential primaries.
Father Malcolm Forbes and grandpa B.C. Forbes were both long-time publishers of Forbes magazine, which his grandfather founded. A native of Morristown, New Jersey, Forbes traces his ancestry back to the UK and the Netherlands. He was born on July 18, 1947. Five children are the result of his marriage to Sabina Beekman; Moira was chosen Publisher of Forbes Life Executive Women in 2007.
His first magazine, Business Today, was launched with the support of two other Princeton classmates in 1970. There is now no student-run publication larger than Business Today in the globe. In 1985, President Ronald Reagan selected Forbes to lead the Board of International Broadcasting (BIB), which oversees Radio Free Europe/Radio Liberty.
Steve Forbes’ Net Worth
Outsiders were able to determine Steve Forbes‘ net worth based on publicly available information during the 1996 campaign. His family’s publishing company left him with a fortune of $439 million, according to Fortune. To raise money for his presidential campaign, Forbes sold part of his interests in the media firm, which lowered this amount.
|Net Worth:||$439 Million|
|Date of Birth:||Jul 18, 1947 (74 years old)|
|Profession:||Editor, Businessperson, Publisher, Politician, Author|
|Nationality:||United States of America|
Integrated Whale Media Investments of Hong Kong purchased a controlling share in the media firm in 2014 for $475 million, according to Forbes.com. Steve Forbes remained Editor-in-Chief of the publication, which was owned by the Forbes company.
Understanding Steve Forbes
Far Hills, New Jersey is the wealthy neighborhood where Malcolm “Steve” Forbes Jr. was born on July 18, 1947, and where he grew up for much of his life. He went to college at Princeton.
He and two other undergrads started Business Today while they were there. Since its inception, a student-run publication has been in existence. In 1970, he received a bachelor’s degree in American history from Columbia University.
An honorary doctorate in economics was bestowed to him by Stevenson University in 2009. His wife, Sabrina Beekman, has given birth to five children.
For the most part, Forbes appears to have accepted the concept that he is living in the shadow of his colorful father, who died in 1990. New York Times story in 1996 quoted him as saying that “great players, you know, retire the number.” As far as I know, my father’s shoes were retired.” Don’t even think of trying to stuff them. Your own shoes are required.
Forbes as COB and Publisher
He took the position of Chairman of the Board and Editor-in-Chief of Forbes Magazine after the death of his father.
Forbes was one of the first publications to see the potential of the Internet as a medium that would eventually overtake both online and broadcast media.
A 2017 assessment of his work shows “that in the mid-1990s, most publishers felt that electronic publishing meant just replicating the printed page online.” In 1996, Forbes.com was founded as an independent newspaper, with its own editors and staff, instead of merely republishing print stories online.
Additionally, there were 36 local versions and 24 overseas websites for this journal at this time. Moreover, For its online publications in 2021, the publisher had 132 million unique page views, with six million printed readers.
Forbes in Politics
Forbes ran for President of the United States as a Republican in 1996 and 2000, spending a total of $69 million. He advocated for a flat tax rate as a candidate. Medical savings accounts, Social Security privatization, parental choice in schools, term limits, and a robust national military were also on his agenda. 2
For his odd campaign approach, Forbes was likened to the character-driven campaigns of John McCain and George W. Bush in 1996. Despite this, he won two state primaries that year. Forbes “does not come across as presidential,” according to one Republican campaign consultant.
The late Sen. John McCain and Sen. Marco Rubio are among the politicians who received his endorsement in the years after he retired. At FreedomWorks, National Taxpayers’ Union, and the Heritage Foundation he has served as a director or board member.