Forbes, Malcolm, 1919–90, American publisher, b. Englewood, N.J. The third son of a Scottish immigrant who founded Forbes magazine in 1917, he graduated from Princeton (1941), and became publisher of the magazine on his father's death (1954). Under his leadership, the publication became one of America's most successful business magazines, with a circulation of 735,000. Forbes ran unsuccessfully for governor of New Jersey (1957) and used his magazine and numerous books to praise the virtues of laissez-faire capitalism. He was worth at least $400 million at his death.
See A. Jones, Malcolm Forbes (1977); C. Winans, The Man Who Had Everything (1990).
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Forbes, Malcolm (Stevenson)(1919–90) publisher; born in New York City. In 1957 he became editor and publisher of Forbes, a then-floundering business magazine founded by his father 40 years before. Circulation and profits soared, making him a multimillionaire; he became known for his extravagant parties and colorful hobbies, from hot-air ballooning to collecting Fabergé eggs.
The Cambridge Dictionary of American Biography, by John S. Bowman. Copyright © Cambridge University Press 1995. Reproduced with permission.