Steve Forbes Net Worth Money and More
Net worth $430 million
Steve Forbes, a name people recognize due to his last name “Forbes”. Yeah he is the editor- in- chief of Forbes. Steve Forbes was born on 18th July in the year 1947. He was born in Morristown in New Jersey. His father, Malcom Forbes was the publisher of the known magazine all over the world, Forbes. He has inherited the publishing company from his father when he died in the year 1990 and is the CEO and the president of Forbes Inc.
Early Life of the heir of the publishing empire
Born in the family of the publishing background he grew up with words of politics and publishing around him. He was plunged in writing and in the year 1973, he had his column in the magazine to write. The magazine was founded by his Steve’s grandfather, B.C. Forbes who was a journalist. He was the oldest child and has four siblings. At the age of 14, he attended a private boarding school, “Brooks school” which is situated in North Andover in Massachusetts. He completed his graduation in the year 1966 from Brooks School and joined Princeton University. During his years in Princeton University he is the founder and became the editor of Business Today, a student publication. Now, “Business Today” has become the biggest magazine run by students. Now you know that it was in his blood to come in the publication line. In the year 1970 he passes out from the University with a bachelor’s degree.
Forbes is married to Sabina, they both met during a party in the year 1970. Sabina and Steve have five daughters: Catherine, Roberta, Sabina, Moira and Elizabeth. Moira is the publisher at the Forbes Woman. Moira has also worked as a television host.
Forbes was born in a rich family and has a current net worth estimated to be around 430 million US dollars. Most of his wealth, he owns is due to his inherited publishing company, Forbes. The annual salary of this rich American publisher is $107,500,000. He is indeed very rich as he is the heir to 1.4 billion US dollar wealth. Apart from this his richness can be seen through his investments. He owns a private island in Fiji. He also owns a Boeing 727 aircraft, enough to show that he is rich. The list of his other luxurious assets includes a major league yacht and a chateau which he owns in France. In the year 1996, Steve spent 38 million US dollar on a campaign. Forbes media gave away forty five percentage of their company’s share to Elevation Partners, a private equity firm for 237.2 million US dollars.
Political endorsements and donations
Steve Forbes has made many significant endorsements mainly in the year 2010. His various endorsements are:
- He declared his endorsement of Republican candidate for US senate, Rand Paul on 7th January in the year 2010.
- He endorsed the Republican candidate, Marco Rubio in State of Florida in 28th January in the year 2010.
- In the year 2010 he endorsed John McClain, the incumbent US senator of Rebublican of State of Arizona
- He endorsed the Rebublican candidate, Peter Schiff in State of Connecticut for US senate on 28 July.
- On 13th August, he endorsed Republican candidate, Jim Huffman in State of Oregon
- On 26th August he endorsed Republican candidate, Mariannette Miller- Meeks for “US House of Representatives”.
- On 2nd September he endorsed another Republican candidate, Justin Amash for “US House of Representative”.
The other endorsements by Forbes are Bill Hudak and Rick Perry. He donated 37,000,000 US dollars for his Presidential Campaign in the year 2000.
Apart from his editorial column in Forbes, “Fact and Comment” he has also written several books which includes “Why Free Markets are Moral and Big Government Isn’t” which was published in the year 2012, “How Capitalism Will Save US” which was published in the year 2009 and “The New Birth of Freedom” published in the year 1999.
More about Him
Steve Forbes is a board member at many foundations including the “Ronald Regan Presidential Foundation”, “The foundation for Defence and Democracies” and “The Heritage Foundation”.
He has been appointed as the head at BIB during the start of his political career. He has stood up twice for the presidential elections once in the year 1996 and then again in the year 2000. He lost the 1996 presidential elections to Bob Dole and the 2000 election to George W. Bush. He dropped out from the 2000 primary season in order to manage his publishing company.
He has gained much popularity because of his interest in the flat tax proposal. If the flat tax plan succeeds he can save $200,000 in a year.
“There is something fundamentally unfair about a government that takes away so much of people’s money, power, and personal control while telling them that life will be better as a result”.
“As our federal government has grown too large and too powerful, the real loss has been the freedom of people to govern their own lives and participate fully in the aamerican Dream”.
“We must guard against the overreaching hand of big government trying to take away our freedom. And we must always protect the environment in a manner consistent with our values”.