Steve Forbes attends 2019 Forbes Healthcare Summit | Steven Ferdman | Getty Images

Name	Malcolm Stevenson Forbes Jr.
Net Worth	$200 Million
Sources of Income	Politics, Forbes Inc., Royalties, and Other Business
Gender	Male
Date of Birth	July 18, 1947
Age	76 Years
Nationality	United States of America
Profession	Editor, Businessperson, Publisher, Politician, Author

Steve Forbes' net worth

Steve Forbes is a prominent American figure known for his multifaceted career. An editor, publisher, businessman, author, and former politician, he has reached a net worth of $200 million as of October 2023 (per Celebrity Net Worth) and made a significant impact on the world of business and politics.

American publishing executive Steve Forbes speaking at the Forbes Magazine 75th Anniversary celebration | Barbara Alper | Getty Images

What are Steve Forbes' sources of income?

Steve Forbes has had a diverse range of income sources throughout his career, contributing to his net worth. These sources include his role as the former editor-in-chief of Forbes, the iconic business magazine, and his position as the president and chief executive of Forbes Inc., the magazine's publisher. He also made income from book sales, appearances, and his involvement in various political and advocacy groups.

From gracing the stages of "Saturday Night Live" to taking on the serious airwaves of "60 Minutes," his contributions to business and politics are unforgettable. Whether in the boardroom or on the campaign trail, Steve Forbes has woven a narrative of financial insight and political sagacity that continues to resonate in the corridors of power.

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Steve Forbes' earnings and ventures

While Steve Forbes' specific salary information is not available, a substantial portion of his income would have come from his roles at Forbes Inc. and the various positions he held in political and advocacy organizations. His family has a long history with the Forbes magazine with his grandfather founding it and his father taking over as publisher until his passing in 1990. Steve Forbe's involvement in Forbes Inc. played a significant role in his financial standing.

During his active involvement in politics, Steve Forbes leveraged his substantial wealth to fund his presidential campaigns in 1996 and 2000, raising $86 million—$37 million of which came from his own contributions. Alongside his political pursuits, Forbes continued to oversee the operations of Forbes magazine and the company. His advocacy for a flat income tax system and adherence to traditional Republican policies highlighted his commitment to fiscal reform and conservative values. His involvement in advocacy groups such as Empower America and Americans for Hope, Growth and Opportunity further underscored his dedication to pro-growth and pro-freedom initiatives.

Steve Forbes' assets

Steve Forbes owns around $26 million worth of real estate, including a 540-acre property in Bedford, New York, and investments in stocks and bonds. However, the value of these assets has fluctuated over the years due to changing economic conditions and shifts in the magazine industry.

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Steve Forbes' personal life

Steve Forbes was born on July 18, 1947, in Morristown, New Jersey. He is the son of Malcolm Forbes and Roberta Remsen and has four siblings. He was educated at prestigious institutions, including Princeton University, where he earned a degree in history. During his time at Princeton, he co-founded Business Today, the world's largest student-run magazine.

Steve Forbes married Sabrina Beekman on June 19, 1971, and they have five daughters. One of their daughters, Moira, is a journalist who publishes ForbesWomen, a magazine dedicated to covering influential women in business. While he hasn't received specific awards and honors, Steve Forbes has received recognition for his contributions to business and politics. His involvement in various advocacy groups and his impact on economic policies have made him a prominent figure in the United States.