Malcolm Stevenson “Steve” Forbes, Jr. was born on July 18, 1947. Forbes was born in Morristown, New Jersey, to Roberta Remsen (née Laidlaw) and Malcolm Forbes. Forbes grew up wealthy in the town of Far Hills, New Jersey and attended the prestigious Far Hills Country Day School. He then graduated cum laude from Brooks School in North Andover, Massachusetts in 1966, and from Princeton University 1970. While at Princeton, Forbes founded his first magazine, Business Today, with two other students. Business Today is currently the largest student-run magazine in the world. Forbes is a member of Alpha Kappa Psi and Tau Kappa Epsilon. In 1971 he married Sabina Beekman. They have five daughters; Sabina, Roberta, Catherine, Moira, and Elizabeth.
He is an American publishing executive who was twice a candidate for the nomination of the Republican Party for president. He is the editor-in-chief of business magazine Forbes. His 20 year tenure as head of Forbes magazine coincided with the decline of the publication and the Forbes family empire. By 2009, Forbes’ EBITDA had fallen to -$4.6M and in 2010, he was replaced as president and chief executive officer of Forbes Media LLC, the publisher of Forbes magazine, by Mike Perlis, the first non-Forbes family member to run the magazine since its founding in 1917. Forbes magazine was put up for sale in November 2013 and sold in mid-2014.
He was a Republican candidate in the 1996 and 2000 presidential primaries. He is the son of long-time Forbes publisher Malcolm Forbes and the grandson of that publication’s founder, B.C. Forbes. 
In 1985, President Ronald Reagan appointed Forbes as head of the Board of International Broadcasting (BIB), Radio Free Europe/Radio Liberty.
He helped craft Christine Todd Whitman’s plan for a thirty percent cut in New Jersey’s income tax over three years, and this plan proved to be a major factor in her victory over incumbent Governor James Florio. In 1996, Forbes campaigned on behalf of Ron Paul in the congressional election for Texas’s 14th congressional district. For his 2000 presidential campaign, he raised $86,000,000 in campaign contributions, of which $37,000,000 was self-donated.
In December 2006, Forbes joined the board of directors of the advocacy organization FreedomWorks. Forbes is also on the board of directors of the National Taxpayers’ Union. He is also a member of the board of trustees of the Heritage Foundation, an influential Washington, D.C.-based public policy research institute. He is a frequent panelist on the television program Forbes on Fox, which also features members of the Forbes magazine staff, and is shown Saturday mornings on Fox News Channel at 11:00 am EST.
On March 28, 2007, Steve Forbes joined Rudy Giuliani’s campaign for the 2008 presidential election, serving as a National Co-Chair and Senior Policy Advisor. Later in the 2008 presidential campaign, Forbes served as John McCain’s Economic Adviser on Taxes, Energy and the Budget during McCain’s bid for the 2008 Presidential election.
The New Birth of Freedom: Vision for America. Washington, DC: Regnery Publishing. 1999. p. 204. ISBN 978-0895263209. OCLC 475198964.
Flat Tax Revolution: Using a Postcard to Abolish the IRS. Washington, DC: Regnery Publishing. 2005. p. 216. ISBN 978-0895260406. OCLC 60558651.
Freedom Manifesto: Why Free Markets Are Moral and Big Government Isn’t. Crown Business Publishing. 2012. p. 304. ISBN 978-0307951571.
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