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Malcolm Forbes

Malcolm Forbes
Born Malcolm Stevenson Forbes
(1919-08-19)19 August 1919
Brooklyn, New York
Died 24 February 1990(1990-02-24) (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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