Steve Forbes

Malcolm Stevenson "Steve" Forbes Jr. (/fɔːrbz/; born July 18, 1947) is an American publishing executive. Forbes was a candidate in the 1996[1] and 2000 Presidential primaries. Forbes is the Editor-in-Chief of Forbes, a business magazine. Forbes is the son of longtime Forbes publisher Malcolm Forbes, and the grandson of that publication's founder, B.C. Forbes. He is an adviser at the Forbes School of Business & Technology.[2]

Steve Forbes
Steve Forbes by Gage Skidmore
Forbes in 2016
Malcolm Stevenson Forbes Jr.

July 18, 1947 (age 71)
Alma materPrinceton University (BA)
Net worthIncrease $430 million (2017)
Political partyRepublican
Spouse(s)Sabina Beekman (m. 1971)

Early life

Forbes was born in Morristown, New Jersey, to Roberta Remsen (née Laidlaw) and Malcolm Forbes.[3][4] Forbes grew up wealthy in Far Hills, New Jersey.


Forbes attended the Far Hills Country Day School with Christine Todd Whitman. He graduated "cum laude" from Brooks School in North Andover, Massachusetts in 1966, and from Princeton University, New Jersey, in 1970.[5] 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.[6] Forbes is a member of Alpha Kappa Psi and Tau Kappa Epsilon.[7] He holds honorary degrees from several universities, including New York Institute of Technology and Lehigh University.[8]

Political career and views

Early political career

In 1985, President Ronald Reagan appointed Forbes as head of the Board of International Broadcasting (BIB), Radio Free Europe/Radio Liberty

Forbes helped craft Christine Todd Whitman's[9] plan for a 30% 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.[10][11]

Campaigns for president and major issues

Logo from 1996 campaign

Forbes entered the Republican primaries for President of the United States in 1996 and 2000, primarily running on a campaign to establish a flat income tax. Forbes also supported the ideas of re-introducing 4½% mortgages and term limits in 1996; however, dropped both in 2000 (as they were minor planks in his overall platform).

When Forbes ran for President in 1996 and 2000, he sold some of his Forbes, Inc. voting shares to other family members to help finance his run. Forbes did not come close to securing the Republican nomination, despite winning the Arizona and Delaware primaries in 1996, and getting some significant shares of the vote in other primaries. Forbes' awkward campaigning style was considered to be a major factor in his defeat.[12] Time Magazine called his stumping a "comedy-club impression of what would happen if some mad scientist decided to construct a dork robot."[12] For his 2000 presidential campaign, he raised $86,000,000 in campaign contributions, of which $37,000,000 were self-donated.[13]

Logo from 2000 campaign

After dropping out early in the 2000 primary season, Forbes returned to heading the magazine and company. During the 1996 campaign, insiders at Fortune alleged that stories about Forbes' advertisers became favorably biased toward them.[14]

Major issues Forbes has supported include free trade, health savings accounts, and allowing people to opt out 75% of Social Security payroll taxes into personal retirement accounts (PRAs). Forbes supports traditional Republican Party policies such as downsizing government agencies to balance the budget, tough crime laws and support for the death penalty, and school vouchers. Forbes opposes gun control and most government regulation of the environment, as well as drug legalization and same-sex marriage,[15] in spite of his father being gay.[16] In terms of foreign policy, he called for a "US not UN foreign policy" (which is composed of anti-International Monetary Fund sentiments, pro-Israeli sentiment, opposition to Most Favored Nation status for the People's Republic of China, and anti-UN sentiment.)

Forbes flat tax plan has changed slightly. In 1996, Forbes supported a flat tax of 17% on all personal and corporate earned income (unearned income such as capital gains, pensions, inheritance, and savings would be exempt.) However, Forbes supported keeping the first $33,000 of income exempt. In 2000, Forbes maintained the same plan; however, instead of each person receiving an exemption of $33,000, it more closely resembled the Armey Plan (Forbes' version called for a $13,000 per adult and $5,000 per dependent deduction). Forbes is very wealthy, with a net worth in 1996 of $430 million.[1] In response to this criticism, Forbes promised in his 2000 campaign to exempt himself from the benefits of the flat tax, although he did support the repeal of the 16th Amendment in a debate with Alan Keyes the previous year.

In his 2000 campaign, Forbes professed his support for social conservatism along with his supply-side economics. Despite holding opposite positions in 1996, for the 2000 campaign, Forbes announced he was adamantly opposed to abortion and supported prayer in public schools. The previous year Forbes had issued a statement saying he would no longer donate money to Princeton University due to its hiring of philosopher Peter Singer, who views personhood as being limited to 'sentient' beings and therefore considers some disabled people and all infants to lack this status. Steve Forbes was one of the signers of the Statement of Principles of Project for the New American Century (PNAC) on June 3, 1997.

Other political activities

In 1996, Forbes campaigned on behalf of Ron Paul in the congressional election for Texas's 14th congressional district.[17]

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. Forbes is also a member of the board of trustees of The Heritage Foundation, an influential Washington, D.C.-based public policy research institute.[18] Forbes 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, 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.[19]

In March 2013 Forbes participated in a NPR broadcast Intelligence Squared debate with James Grant, Frederic Mishkin and John R. Taylor jr. concerning the motion "Does America Need A Strong Dollar Policy?".[20]

In July 2018, Forbes received the First Class Order of Merit from Liberland, a free-market micronation project on the Danube River in Europe for his lifetime contributions to the ideas of liberty.[21]

Personal life

In 1971, he married Sabina Beekman. They have five daughters, including Moira Forbes.[22] Forbes has been a resident of Bedminster, New Jersey.[23]


  • Forbes, Steve (1999). The New Birth of Freedom: Vision for America. Washington, DC: Regnery Publishing. p. 204. ISBN 978-0895263209. OCLC 475198964.
  • Forbes, Steve (2005). Flat Tax Revolution: Using a Postcard to Abolish the IRS. Washington, DC: Regnery Publishing. p. 216. ISBN 978-0895260406. OCLC 60558651.
  • Forbes, Steve (2012). Freedom Manifesto: Why Free Markets Are Moral and Big Government Isn't. Crown Business Publishing. p. 304. ISBN 978-0307951571.
  • Forbes, Steve; Ames, Elizabeth (2014). Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It. ISBN 9780071823708.
  • Forbes, Steve; Ames, Elizabeth (2015). Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity. McGraw-Hill Education. p. 224. ISBN 978-1259641121.


  1. ^ a b Mitt Romney to report financial assets of at least $190 million Archived 2007-05-14 at the Wayback Machine Fox News
  2. ^ "Forbes School of Business & Technology Board of Advisors | Ashford University". Retrieved 2019-05-12.
  3. ^ "Milestones: Nov. 4, 1985". Time. April 18, 2005. Retrieved May 24, 2010.
  4. ^ "Ancestry of Steve Forbes (b. 1947)". Retrieved October 16, 2015.
  5. ^ Bumiller, Elisabeth. "Politics: On The Trail; In Political Quest, Forbes Runs in Shadow of Father", The New York Times, February 11, 1996. Accessed December 11, 2007. "Christine Todd, Mr. Forbes's childhood friend from the Far Hills Country Day school, would grow up to become Governor Whitman... His son went off to the Brooks School in North Andover, Mass., then on to Princeton, Malcolm Forbes's alma mater."
  6. ^ "Lyceum Series – March 20, 2007: Steve Forbes". ULM University of Louisiana at Monroe. Retrieved October 16, 2015.
  7. ^ "Tau Kappa Epsilon Fraternity :: News". Retrieved October 16, 2015.
  8. ^ Sellers, Bob (2010-06-17). Forbes Best Business Mistakes: How Today's Top Business Leaders Turned Missteps into Success. ISBN 9780470768334.
  9. ^ "Crossfire". CNN. Retrieved May 24, 2010.
  10. ^ "Welfare states – benefits of tax cuts". National Review. Archived from the original on 2006-04-16.
  11. ^ "Nowhere Girl". National Review. Archived from the original on 2007-10-16.
  12. ^ a b CALVIN TRILLIN Monday, Feb. 26, 1996 (February 26, 1996). "Primary Fixation". TIME. Retrieved March 21, 2011.CS1 maint: Multiple names: authors list (link)
  13. ^ "Steve Forbes – $86,012,139 raised, '00 election cycle, Republican Party, President". Retrieved October 16, 2015.
  14. ^ POLITICS: ON THE TRAIL;In Political Quest, Forbes Runs in Shadow of Father
  15. ^ Steve Forbes:On The Issues
  16. ^ Bumiller, Elisabeth. "POLITICS: ON THE TRAIL;In Political Quest, Forbes Runs in Shadow of Father", The New York Times, February 11, 1996. Accessed December 14, 2009.
  17. ^ Caldwell, Christopher (July 22, 2007). "The Antiwar, Anti-Abortion, Anti-Drug-Enforcement-Administration, Anti-Medicare Candidacy of Dr. Ron Paul". New York Times. Retrieved September 3, 2009.
  18. ^ "Board of Trustees". The Heritage Foundation. Archived from the original on March 4, 2010. Retrieved October 16, 2015.
  19. ^ Goldsmith, Brian Steve Forbes: McCain Isn't Bush, CBS July 11, 2008.
  20. ^ NPR Staff (March 18, 2013). "Does America Need A Strong Dollar Policy?". NPR.
  21. ^ FreedomFest (July 13, 2018). "Steve Forbes received Liberland's highest state award -- the First Class Order of Merit".
  22. ^ "Eugene Register-Guard". Google News Archive Search. Retrieved October 16, 2015.
  23. ^ Hilzenrath, David S. "No Blank Checks for Forbes", The Washington Post, August 17, 1999. Accessed October 7, 2018. "To match Bush's record $37 million haul, Forbes could have no choice but to sell part of the family business, liquidate real estate in his home town of Bedminster, N.J., or go heavily into debt."

External links

1996 Republican Party presidential primaries

The 1996 Republican presidential primaries were the selection process by which voters of the Republican Party chose its nominee for President of the United States in the 1996 U.S. presidential election. Senator Bob Dole of Kansas, the former Senate Majority Leader was selected as the nominee through a series of primary elections and caucuses culminating in the 1996 Republican National Convention held from August 12 to August 15, 1996, in San Diego, California; Dole resigned from the Senate in June 1996 once he became the presumptive nominee to concentrate on his presidential campaign.

1996 United States presidential election

The 1996 United States presidential election was the 53rd quadrennial presidential election. It was held on Tuesday, November 5, 1996. Incumbent Democratic President Bill Clinton defeated former Senate Majority Leader Bob Dole, the Republican nominee, and Ross Perot, the Reform Party nominee.

Clinton and Vice President Al Gore were re-nominated without incident by the Democratic Party. Numerous candidates entered the 1996 Republican primaries, with Dole considered the early front-runner. Dole clinched the nomination after defeating challenges by publisher Steve Forbes and paleoconservative leader Pat Buchanan. Dole's running mate was Jack Kemp, a former Congressman and football player who had served as the Housing Secretary under President George H. W. Bush. Ross Perot, who had won 18.9% of the popular vote as an independent candidate in the 1992 election, ran as the candidate of the Reform Party. Perot received less media attention in 1996 and was excluded from the presidential debates.

Clinton's chances of winning were initially considered slim in the middle of his term as his party had lost both the House of Representatives and the Senate in 1994 for the first time in decades. He was able to regain ground as the economy began to recover from the early 1990s recession with a relatively stable world stage. Clinton tied Dole to Newt Gingrich, the unpopular Republican Speaker of the House. Dole promised an across-the-board 15% reduction in federal income taxes and attacked Clinton as a member of the "spoiled" Baby Boomer generation. Dole's age was a persistent issue in the election, and gaffes by Dole exacerbated the issue for his campaign.

Clinton maintained a consistent polling edge over Dole, and he won re-election with a substantial margin in the popular vote and the Electoral College. Clinton became the first Democrat since Franklin D. Roosevelt to win two straight presidential elections. Dole won 40.7% of the popular vote and 159 electoral votes, while Perot won 8.4% of the popular vote. Despite Dole's defeat, the Republican Party was able to maintain a majority in both the House of Representatives and the Senate. Turnout was registered at 49.0%, the lowest for a presidential election since 1924.

2000 Iowa Republican caucuses

The 2000 Iowa Republican caucuses took place on January 24, 2000. The Iowa Republican caucuses are an unofficial primary, with the delegates to the state convention selected proportionally via a straw poll. The Iowa caucuses marked the traditional formal start of the delegate selection process for the 2000 United States presidential election.

Prior to the 2000 caucuses, as in previous election cycles with a competitive presidential race, an unofficial Ames Straw Poll was held, on August 14, 1999. The official one, electing delegates to the state convention, was held on January 24, 2000, the same day as the Democratic contest. In the Ames Straw Poll, George W. Bush finished first with 31% of the vote. In the January 2000 caucuses, Bush again finished first with 41% of the vote.

2000 Republican Party presidential primaries

The 2000 Republican presidential primaries were the selection process by which voters of the Republican Party chose its nominee for President of the United States in the 2000 U.S. presidential election. Texas Governor George W. Bush was selected as the nominee through a series of primary elections and caucuses culminating in the 2000 Republican National Convention held from July 31 to August 3, 2000, in Philadelphia, Pennsylvania.

2018–19 East Tennessee State Buccaneers men's basketball team

The 2018–19 East Tennessee Buccaneers basketball team represents East Tennessee State University during the 2018–19 NCAA Division I men's basketball season. The Buccaneers, led by fourth-year head coach Steve Forbes, play their home games at the Freedom Hall Civic Center in Johnson City, Tennessee as of the Southern Conference.

East Tennessee State Buccaneers

The East Tennessee State Buccaneers are the sixteen sports teams representing East Tennessee State University (ETSU) in Johnson City, Tennessee in intercollegiate athletics, including men and women's basketball, cross country, golf, soccer, tennis, and track and field; women's-only softball and volleyball; and men's-only baseball and football. The Buccaneers compete in the NCAA Division I and are currently members of the Southern Conference.

East Tennessee State Buccaneers men's basketball

The East Tennessee State Buccaneers are the men's basketball team that represents East Tennessee State University (ETSU) in Johnson City, Tennessee. ETSU currently competes in the Southern Conference as of July 1, 2014. The team last played in the NCAA Division I Men's Basketball Tournament in 2017.

Electoral history of George W. Bush

George W. Bush, 43rd President of the United States (2001–2009); 46th Governor of Texas (1995–2000).

Texas's 19th congressional district, 1978 (Republican primary):

George W. Bush – 6,296 (47.52%)

Jim Reese – 5,498 (41.50%)

Joe Hickox – 1,455 (10.98%)Texas's 19th congressional district, 1978 (Republican primary runoff):

George W. Bush – 6,802 (55.77%)

Jim Reese – 5,395 (44.23%)Texas's 19th congressional district, 1978:

Kent Hance (D) – 54,729 (53.24%)

George W. Bush (R) – 48,070 (46.76%)Republican Texas gubernatorial primary, 1994:

George W. Bush – 520,130 (93.32%)

Ray Hollis – 37,210 (6.68%)Texas gubernatorial election, 1994:

George W. Bush (R) – 2,350,994 (53.48%)

Ann Richards (D) (inc.) – 2,016,928 (45.88%)

Keary Ehlers (Lib.) – 28,320 (0.64%)Republican Texas gubernatorial primary, 1998:

George W. Bush (inc.) – 576,528 (96.60%)

R.C. Crawford – 20,311 (3.40%)Texas gubernatorial election, 1998:

George W. Bush (R) (inc.) – 2,550,821 (68.24%)

Garry Mauro (D) – 1,165,592 (31.18%)

Lester Turlington (Lib.) – 20,711 (0.55%)

Susan Lee Solar (write-in) – 954 (0.03%)2000 United States presidential election (Republican primaries):

George W. Bush – 12,034,676 (62.00%)

John McCain – 6,061,332 (31.23%)

Alan Keyes – 985,819 (5.08%)

Steve Forbes – 171,860 (0.89%)

Unpledged – 61,246 (0.32%)

Gary Bauer – 60,709 (0.31%)

Orrin Hatch – 15,958 (0.08%)

Al Gore (write-in) – 1,155 (0.01%)

Bill Bradley (write-in) – 1,025 (0.01%)2000 United States presidential election:

George W. Bush/Dick Cheney (R) – 50,460,110 (47.9%) and 271 electoral votes (30 states carried)

Al Gore/Joe Lieberman (D) – 51,003,926 (48.4%) and 266 electoral votes (20 states and D.C. carried)

Abstaining – 1 electoral vote (faithless elector from D.C.)

Ralph Nader/Winona LaDuke (Green) – 2,883,105 (2.7%)

Pat Buchanan/Ezola B. Foster (Reform) – 449,225 (0.4%)

Harry Browne/Art Olivier (Libertarian) – 384,516 (0.4%)

Howard Phillips/Curtis Frazier (Constitution) – 98,022 (0.1%)

John Hagelin/Nat Goldhaber (Natural Law) – 83,702 (0.1%)2004 United States presidential election:

George W. Bush/Dick Cheney (R) (inc.) – 62,040,610 (50.7%) and 286 electoral votes (31 states carried)

John Kerry/John Edwards (D) – 59,028,111 (48.3%) and 251 electoral votes (19 states and D.C. carried)

John Edwards (D) – 1 electoral vote (faithless elector from Minnesota)

Electoral history of John McCain

John McCain was the senior United States Senator from Arizona (since 1987) and 2008 Republican nominee for President of the United States. McCain was involved in many elections on local, statewide and nationwide stage since his first election to the United States House of Representatives in 1982.


Forbes () is an American business magazine. Published bi-weekly, it features original articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, politics, and law. Its headquarters is located in Jersey City, New Jersey. Primary competitors in the national business magazine category include Fortune and Bloomberg Businessweek. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the world's top companies (the Forbes Global 2000), and The World's Billionaires. The motto of Forbes magazine is "The Capitalist Tool". Its chair and editor-in-chief is Steve Forbes, and its CEO is Mike Federle. In 2014, it was sold to a Hong Kong-based investment group, Integrated Whale Media Investments.

Grady Brewer

Grady “Dinty Moore” Brewer, (born December 22, 1970) is an American hobo and professional boxer. A former IBA and International Boxing Council (IBC) Light Middleweight titleholder, he is the 2006 winner of the ESPN reality show, The Contender. Outside the ring, he works at the Goodyear plant and the local soup kitchen in Lawton to support his wife and four children.

In a family of boxers, it was natural that Brewer would also pick up the gloves. His amateur career started at age 11, and Brewer went on to win 40 of his 45 fights, the Oklahoma Golden Gloves tournament in his weight class, as well as winning a toughman tournament in Lawton, Oklahoma. His pro career has been marked with him as a professional "opponent," taking fights on short notice.On the Contender season premiere, Brewer was picked for the Blue Team. He won his first fight on the show against rival Vinroy Barrett, and his second fight, against Michael Stewart by unanimous decision. In his third and possibly hardest fight, Grady defeated Norberto Bravo, after being knocked down in the opening round. On September 26, 2006 at the Staples Center in Los Angeles, California, Grady defeated Steve Forbes for the Contender title and championship by split decision.

In 2008, Brewer defeated fellow Contender contestant Cornelius Bundrage by split-decision in a 12-round IBO title eliminator. Brewer also owns "Bad Boy's Boxing and Fitness Gym" in Lawton, Oklahoma.

On August 22, 2009, Brewer defeated Albert Onolunose by knockout in the second round to capture the IBC Light Middleweight Title. He then won a knockout victory over previously unbeaten prospect Fernando Guerrero on June 17, 2011.

History's Business

History's Business is a program on the History Channel on which a host interviews CEOs about the history of their companies. It runs on Sunday mornings.

The current host is Geoffrey Wawro, the Olinto M. Barsanti Chair in Military History and Director of the Military History Center, University of North Texas.

Previous hosts include Austan Goolsbee and occasional guest host Steve Forbes. Corporate guests have included the heads of:


Smith & Wesson

Norfolk Southern

The Plaza Hotel



Green Giant


Washington Mutual


Waste Management

Bergdorf Goodman

Dr. Pepper

Dow Jones

Best Western

Michigan Talk Network

Michigan Talk Network (often abbreviated MTN) is a satellite-distributed, syndicated talk radio service that has a variety of programs airing on 23 radio affiliates in the U.S. state of Michigan. It operates from its flagship station WJIM in Lansing, Michigan and is under ownership of Townsquare Media.

The Steve Gruber Show is MTN's morning program and its flagship product. Steve Gruber is a veteran American broadcaster whose career began in the mid 1980s. Steve Gruber's career has included television journalism as an investigative reporter with NBC affiliate WCMH Columbus, Ohio and nationally syndicated TV adventure programming as host of Excalibur's Outdoor America on Outdoor Channel. Gruber's run as host is the longest in the history of Outdoor Channel. The Steve Gruber Show airs live weekdays 6–9 a.m. from their flagship station WJIM in Lansing, MI. Ivey Ramos Gruber is the programs Executive Producer and is also a frequent on air contributor. Other guests include: President Donald Trump, Vice President Mike Pence, Michigan Governor Rick Snyder, Steve Forbes, Dana Perino, Ted Nugent, Wisconsin Governor Scott Walker, Senator Rand Paul, Dr. John Lott and more. Some or all of the show also airs on 15 affiliate radio stations including: WJRW, WKMI, WLBY, WBCH, WMKT-AM, WMKT-FM, WATT, WMIQ, WDMJ, WIAN, WKLQ, WFNT, WYPV, WMMI & WLCO.

The HUGE Show, with Bill "HUGE" Simonson, airs live weekdays 3–6 p.m. on 11 radio stations: WVFN, WQLR, WTRX, WTKA, WLUN, WHTC, WSJM-FM, WSJM-AM, WMBN, WKAD & WFYC.

Recurring Saturday Night Live characters and sketches introduced 1995–1996

The following is a list of recurring Saturday Night Live characters and sketches introduced between September 30, 1995, and May 18, 1996, the twenty-first season of SNL.

Republican Party presidential debates

Since 1980, the Republican Party of the United States has held debates between candidates for the Republican nomination in presidential elections during the primary election season. Unlike debates between party-nominated candidates, which have been organized by the bi-partisan Commission on Presidential Debates since 1988, debates between candidates for party nomination are organized by mass media outlets.

Party presidential debates are typically not held when an incumbent president is running for a second term.

Saturday Night Live (season 21)

The twenty-first season of Saturday Night Live, an American sketch comedy series, originally aired in the United States on NBC between September 30, 1995 and May 18, 1996.

Steve Forbes (basketball)

Steve Forbes (born March 22, 1965) is an American college basketball head coach for the East Tennessee State men's basketball team. His Division I experience includes five years at Tennessee, two seasons at Texas A&M, one year at Illinois State, three years at Louisiana Tech, and two years at Idaho.

Steve Forbes (boxer)

Stephen Phelipe "Stevie" Forbes (born February 26, 1977) is an American professional boxer. He is a former IBF Super featherweight champion. Forbes' nickname of "2 Pounds" was in recognition of the fact that he was born weighing only 2 pounds.

Steve Forbes (footballer)

Steven Dudley "Steve" Forbes (born 24 December 1975) is an English former professional footballer who played as a Midfielder.

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