Steve Forbes Net Worth 2022- Is He Still the Owner of Forbes Magazine?

This article examines the age, marital status, family, and wealth of the famed American publishing entrepreneur Steve Forbes. Continue reading the conclusion for additional information. As per Celebritynetworth, Steve Forbes has an estimated net worth of $430 million.

Who is Steve Forbes?

Malcolm Stevenson Forbes Jr. is a publishing executive and politician who serves as the editor-in-chief of the business magazine Forbes. He is the son of Malcolm Forbes, the longtime publisher of Forbes, and the grandson of B.C. Forbes, the publication’s founder.

He serves as a consultant at the Forbes School of Business & Technology. Forbes ran in the Republican presidential primaries in 1996 and 2000.

Name Malcolm Stevenson Forbes Jr. or Steve Forbes
Birth July 18, 1947
Profession Businessman
Nationality American
Net Worth $430 million
Gender Male
Relationship With Sabina Beekman

Childhood and Education of Steve Forbes

Forbes was born on July 18, 1947, in Morristown, New Jersey, to Malcolm Forbes and Roberta Remsen (née Laidlaw). Forbes grew up in the New Jersey community of Far Hills. Forbes attended Far Hills Country Day School alongside his lifelong friend and future New Jersey governor, Christine Todd Whitman.

In 1966, he graduated with honours from Brooks School in North Andover, Massachusetts. In 1970, he graduated from Princeton University with a Bachelor of Arts in history after completing a 75-page final thesis titled “Contest for the 1892 Democratic Presidential Nomination.”

Steve Forbes Net Worth 2022

During his time at Princeton, Forbes co-founded Business Today with two other students. Currently, Business Today is the largest student-run publication in the world. Forbes belongs to the organizations Alpha Kappa Psi and Tau Kappa Epsilon. He earned honorary degrees from the New York Institute of Technology and Lehigh University, among others.

Early Political Beginnings by Steve Forbes

In 1985, President Ronald Reagan appointed Forbes as chairman of the Board of International Broadcasting (BIB), which oversaw Radio Free Europe/Radio Liberty’s operations. George H. W. Bush, Reagan’s successor, reappointed Forbes to office. Forbes would continue to chair the BIB until 1993, upon Bill Clinton’s inauguration as president.

Following his tenure as head of the BIB, Forbes became associated with numerous conservative political advocacy organisations. Forbes served as chairman of the board of “Empower America” from 1993 to 1996, which ultimately merged with the lobbying group FreedomWorks.

Through “Empower America,” Forbes became associated with the influential conservative politician Jack Kemp, who later supported Forbes in the 1996 Republican Party presidential primaries.

Steve Forbes Net Worth 2022

From 1996 to 1999, Forbes also served as Honorary Chairman of the advocacy group Americans for Hope, Growth and Opportunity, which was defined as “a grass-roots organisation formed to push pro-growth, pro-freedom, and pro-family causes.”

Forbes contributed to the development of Christine Todd Whitman’s plan to reduce the New Jersey income tax by 30 per cent over three years. This plan was a crucial component in her victory over incumbent Governor James Florio.

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Despite being boyhood friends, Forbes distanced himself from Whitman during his 2000 campaign for the Republican nomination due to Whitman’s pro-choice attitude on abortion.

What is Steve Forbes’s Net Worth?

Steve Forbes is a $430 million net worth American editor, publisher, and businessman. Steve Forbes amassed his fortune as the editor-in-chief of the business magazine Forbes and the president and CEO of its publisher, Forbes Inc. He ran as a Republican in the 1996 U.S. Presidential primaries.

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Business Today is currently the world’s largest student-run publication. President Ronald Reagan appointed Forbes to the Board of International Broadcasting (BIB), Radio Free Europe/Radio Liberty in 1985.

Steve Forbes’s Private Life

Steve Forbes’s father, Malcolm Forbes, was the long-time publisher of Forbes magazine, and his grandfather, B.C. Forbes founded the publication. He is married to Sabina Beekman, and the couple has five daughters.

He married Sabina Beekman in 1971. Moira Forbes is one of their five daughters. During his 1996 presidential campaign, Forbes appeared on Larry King Live with his family. Forbes has lived in Bedminster, New Jersey. Forbes travels by Amtrak and was a passenger in the 2016 train derailment in Chester, Pennsylvania.

His daughter Moira was named Publisher of Forbes Life Executive Women in 2007. With the support of two other Princeton students, he launched his first magazine, Business Today, as a member of the class of 1970.

Endorsements by Forbes

In 2010, Forbes offered many political endorsements, including one for Dr. Rand Paul, the Republican candidate for the U.S. Senate in the Commonwealth of Kentucky.

Marco Rubio, Republican candidate for U.S. Senate in the State of Florida, incumbent U.S. Senator John McCain, Republican of the State of Arizona for re-election in 2010, and many others have endorsed Peter Schiff, Republican candidate for U.S. Senate in the State of Connecticut.

Steve Forbes Net Worth 2022

On June 3, 1997, Steve Forbes signed the Project for the New American Century (PNAC) Statement of Principles. Between his two presidential contests, Forbes modified his position on a few topics from his 1996 campaign, and in the 2000 election, he declared his ardent opposition to abortion and support for prayer in public schools.

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Campaignmoney.com ranked Forbes as the tenth most important giver of political funding in America from 1999 to 2006, with 15 gifts totalling more than $7 million. The majority of these contributions went to his own presidential campaign in 2000.

Frequently Asked Questions

How Did Steve Forbes Acquire His Wealth?

Steve Forbes has an estimated $430 million in personal wealth. In 1990, he seized control of Forbes Media and transformed the family magazine into an internet publishing powerhouse. In 1996 and 2000, he ran unsuccessfully for the Republican presidential nomination.

Does Steve Forbes Continue to Own Forbes?

Forbes magazine’s motto is “Change the World.” Its chairman and editor-in-chief are Steve Forbes, while its chief executive officer is Mike Federle. In 2014, it was sold to Integrated Whale Media Investments, a Hong Kong-based investment firm.

Who is the Target Audience of Forbes?

Focused on six major areas, including Women, Under the 30s, Business & Tech Decision Makers, High-Net-Worth Investors & Buyers, Business Owners, and CxOs, Forbes’ comprehensive content and coverage encompass a wide range of readers.

Conclusion

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