Malcolm Forbes was born on August 19, 1919, in Brooklyn, New York. He was the son of B.C. Forbes, a renowned financial journalist and author who founded Forbes magazine. Growing up, Forbes was exposed to the world of finance and publishing from a young age.
He attended the Lawrenceville School before going on to study at Princeton University. After graduating, Forbes served in the New Jersey Senate from 1951 until 1957. During this time, he also made an unsuccessful bid for Governor of New Jersey.
Forbes eventually took over the reins of the family business and became the publisher of Forbes magazine. Under his leadership, the publication became a multimillion-dollar empire, promoting capitalism and entrepreneurship.
Besides his publishing ventures, Forbes was known for his extravagant lifestyle. He was famous for throwing lavish parties and making high-risk investments. In addition to Forbes magazine, he also launched another publication called Egg, which focused on the nightlife scene in New York City.
Malcolm Forbes had two children, a son named Steve and a daughter named Moira. Both Steve and Moira followed in their father's footsteps and continued the legacy of Forbes magazine after his passing.
Malcolm Forbes was a larger-than-life figure in the world of publishing and finance. His contributions to the industry and his dedication to promoting capitalism are still remembered today. He was not only a successful entrepreneur but also a generous philanthropist.
One of the memorable anecdotes about Forbes was his gift of a Harley Davidson motorcycle to Hollywood icon Elizabeth Taylor. This gesture showcased his flamboyant personality and his willingness to go above and beyond to make a statement.
Despite his busy career, Malcolm Forbes was known for his love of adventure and travel. He was an avid balloonist and set several world records for hot air ballooning. His adventurous spirit and zest for life endeared him to many.
Forbes was a true visionary who left an indelible mark on the publishing industry and beyond. His legacy continues to inspire generations of entrepreneurs and business leaders.