A former Republican candidate of the Republican Party for the U.S. President, Steve Forbes is the son of Malcolm Forbes. He is a publishing executive who serves as the editor-in-chief of the business magazine, ‘Forbes’. He has done a number of political endorsements in his career and has penned many books. He is a very famous entrepreneur who has been active in his career for a long time. Keep reading to know more about the net worth of Steve Forbes in 2020.
Early Life & Biography
Malcolm Stevenson “Steve” Forbes Jr. was born in July 1947, in Morristown, New Jersey. He is the son of Malcolm Forbes and Roberta Remsen. His father was also a publisher of Forbes. He grew up in a very wealthy family, as his grandfather, B. C. Forbes, was the founder of ‘Forbes’. He was raised in Far Hills, New Jersey.
He first went to Far Hills Country Day School. Forbes graduated from Brooks School with a “cum laude”. In 1970, he earned his bachelor’s degree from Princeton University. In there, he was a member of the Tau Kappa Epsilon and Alpha Kappa Psi.
Steve Forbes has been successfully married to his wife Sabina Beekam since 1971. Their relations have been going strong for almost 47 years. The couple has got five children named, Moira Forbes, Roberta Forbes, Elizabeth Forbes, Sabina Forbes, and Catherine Forbes. He is known with the nickname of “Krugerrand Boy”. His brother is Tim Forbes. In 2010, Steve underwent a back surgery.
Career, Award & Nominations
When he was still a student at Princeton University, Steve Forbes founded the magazine called ‘Business Today’. It was a student publication, and he served as the editor of the magazine. Soon he became involved with his family’s business at Forbes magazine. He used to work as a columnist and was basically involved in fiscal and economic policy. His hard work made the magazine won the Crystal Owl Award on several occasions. He has received honorary degrees from several universities.
Steve was appointed as the chairman of the board of the organization called ‘Empower America’ in 1993. In 1996, he decided to run for the President of the United States as a Republican candidate. His intention was to establish “flat income tax” and sold some of his voting shares from Forbes to support his candidature. In 2000, he again decided to run for the President as a Republican candidate and made a self-donation of $37 million.
In 2007, Forbes was a member for the campaign of Rudy Giuliani. A year later, he was appointed as the Economic Adviser on Taxes for the election campaign of John McCain. During his entire career, he has supported Republican candidates. In 2016, he endorsed Donald Trump for the President. In 2017, he was inducted into the New Jersey Hall of Fame in the category of ‘Enterprise’.
Net Worth & Earnings
Imagine the net worth of the person who comes from a very wealthy family? He created ‘Business Today’ at a very young age and has been the chief-editor of Forbes for a very long time. This has made him have a net worth of over $470 million. In 2013, his annual salary was over $100 million. In addition to this, he has also written many books like, ‘The New Birth of Freedom’, ‘Flat Tax Revolution’, ‘Freedom Manifesto’, ‘Power, Ambition, Glory’, and ‘Reviving America’. He has got many expensive cars and a yacht called “Highlander”.
Steve Forbes is a very popular name across the world. Forbes magazine has become a popular magazine throughout the years and he has achieved success at a very fast pace. He has heavily supported the tax plans of the Republicans and continues to be active in his profession.