Malcolm Forbes
| Malcolm Forbes | |
|---|---|
| Born |
Malcolm Stevenson Forbes 19 August 1919 Brooklyn, New York |
| Died | 24 February 1990 (aged 70) Far Hills, New Jersey |
| Nationality | American |
| Education | A.B., 1941. Political science |
| Alma mater | Lawrenceville School, Princeton University |
| Occupation | Publisher, businessman |
| Known for | Promotion of capitalism, lavish lifestyle, art collection, motorcycling, ballooning |
| Net worth | $400 million to $1 billion |
| Term | New Jersey State Senator (1951–58) |
| Political party | Republican |
| Spouse(s) | Roberta Remsen Laidlaw |
| Children | Steve Forbes, Christopher Forbes |
| Parent(s) | B. C. Forbes |
| Relatives | Forbes family (publishers) |
| Awards |
Motorcycle Hall of Fame 1999 New Jersey Hall of Fame 2008 |
| Military career | |
| Allegiance |
 United States
|
| Service/branch |
 United States Army
|
| Years of service | 1941–1946 |
| Rank | Staff sergeant |
| Unit | 334th Infantry Regiment, 84th Infantry Division |
| Awards |
Bronze Star Medal Purple Heart |
Malcolm Stevenson Forbes (19 August 1919 – 24 February 1990) was an American entrepreneur most prominently known as the publisher of Forbes magazine, founded by his father B. C. Forbes. He was known as an avid promoter of capitalism and free market trade, and for an extravagant lifestyle, spending on parties, travel, and his collection of homes, yachts, aircraft, art, motorcycles, and Fabergé eggs.
Forbes was born on 19 August 1919 in Brooklyn, New York, the son of Adelaide Mary (Stevenson) and Scottish-born financial journalist and author B. C. Forbes. He graduated from the Lawrenceville School in 1937 and Princeton University. Forbes enlisted in the Army in 1942 and served as a machine gunner in the 84th Infantry Division in Europe, rising to the rank of staff sergeant. Forbes received a thigh wound in combat, and received a Bronze Star and a Purple Heart.
After dabbling in politics, including service in the New Jersey Senate from 1951 to 1957 and an unsuccessful candidacy for Governor of New Jersey, he committed to the magazine full-time by 1957, three years after his father's death. After the death of his brother Bruce Charles Forbes in 1964, he acquired sole control of the company.
The magazine grew steadily under his leadership, and he diversified into real estate sales and other ventures. One of his last projects was the magazine Egg, which chronicled New York's nightlife. (The title had nothing to do with Forbes's famous Fabergé egg collection.) To honor his contribution to the magazine, Forbes won the Walter Cronkite Award for Excellence in Journalism in 1989.
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