Malcolm Forbes

Malcolm Forbes
Forbes in 1957
Member of the New Jersey Senate from Somerset County
In office January 1952 – September 8, 1958
Preceded by	Freas Hess
Succeeded by	William E. Ozzard
Personal details
Born	Malcolm Stevenson Forbes (1919-08-19)August 19, 1919 Englewood, New Jersey, U.S.
Died	February 24, 1990(1990-02-24) (aged 70) Far Hills, New Jersey, U.S.
Political party	Republican
Spouse	Roberta Remsen Laidlaw ​ ​ (m. 1946; div. 1985)​
Children	5, including Steve, Kip, and Tim
Relatives	B. C. Forbes (father) Forbes family
Education	Princeton University (BA)
Civilian awards	Pride of Performance (1983) Motorcycle Hall of Fame (1999) New Jersey Hall of Fame (2008)
Military service
Allegiance	United States
Branch/service	United States Army
Years of service	1941–1946
Rank	Staff Sergeant
Unit	84th Infantry Division, 334th Infantry Regiment
Battles/wars	World War II
Military awards	Bronze Star Purple Heart

Malcolm Stevenson Forbes (August 19, 1919 – February 24, 1990)^[1] was an American entrepreneur and politician 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 economics and for an extravagant lifestyle, spending on parties, travel, and his collection of homes, yachts, aircraft, art, motorcycles, and Fabergé eggs.

Forbes was also active in politics. He served two terms as a member of the New Jersey Senate representing Somerset County and ran two campaigns for Governor of New Jersey. In 1953, he lost the Republican nomination to Paul L. Troast, who had the support of most of the party establishment. In 1957, he was nominated but lost to incumbent Governor Robert Meyner.