Malcolm Stevenson Forbes Jr., simply known as Steve Forbes, is a famous American editor, publisher, publishing executive, as well as a businessman. To the public, Steve Forbes is perhaps best known as the editor-in-chief of the popular business magazine called “Forbes”. The magazine was originally co-founded in 1917 by Bertie Charles Forbes, Steve Forbes’ grandfather, and Walter Drey. Steve Forbes took over control of the company after the death of his father Malcolm Stevenson Forbes in 1990. At the time, Forbes held the position of President and Chief Executive of the company, in addition to being the editor-in-chief of the magazine. A bi-weekly magazine, “Forbes” managed to distribute 931,558 copies in 2013, which contributed to Steve Forbes’ annual salary that year, the amount of which was $107.5 million. A previous editor of “Forbes”, James Michaels, led the magazine to the finals of the National Magazine Award, and made numerous contributions to maintaining its popularity. Currently, Randall Lane serves as the editor of “Forbes”. Even though the company managed to gather decent revenue, most of the shares of “Forbes” were sold to the “Integrated Whale Media” firm in 2014. Aside from “Forbes”, the company had also published such magazines as “American Legacy”, “Invention & Technology”, “Forbes Life” and “American Heritage”.
Steve Forbes Net Worth $430 Million
In addition to working at his father’s company, Steve Forbes went into politics as well, and even ran two presidential campaigns, firstly in 1996, and then in 2000.
A well-known editor and publishing executive, how rich is Steve Forbes? According to sources, Steve Forbes has an estimated net worth of $430 million. The majority of his wealth coming from his involvement in the “Forbes” company, as well as other business ventures.
Steve Forbes was born in 1947 in New Jersey, United States, where he studied at the Far Hills Country Day School. He then enrolled in Princeton University, from which he graduated in 1970. While studying in university, Forbes co-founded a magazine called “Business Today”, which was released by a non-profit student organization of Princeton University.
Prior to becoming the editor-in-chief of “Forbes”, Steve Forbes ventured into politics, which resulted in him becoming a candidate for the presidential elections in 1996 and 2000. Forbes’ other political activities included joining the board of directors of a lobbying group called “FreedomWorks”, as well as “National Taxpayers’ Union”. Forbes is also a frequent guest on the business analysis program entitled “Forbes on Fox”, which is hosted by David Asman.
In addition to that, Forbes has become known for his political endorsements. Over the years, Steve Forbes has endorsed such politicians as Rand Paul, Marco Rubio, John McCain, and Peter Schiff to name a few.
Aside from “Forbes”, Steve Forbes is also a well-known author, who published his first book in 1999 under the title of “The New Birth of Freedom: Vision of America”. Forbes’ most recent work called “Freedom Manifesto: Why Free Markets Are Moral and Big Government Isn’t” came out in 2012.
A popular businessman, as well as a published writer, Steve Forbes has an estimated net worth of $430 million.
