|Net Worth:||$430 Million|
|Date of Birth:||July 18, 1947 (76 years old)|
|Profession:||Editor, Businessperson, Publisher, Politician, Author|
|Nationality:||United State Of America|
What is Steve Forbes’s net worth? How does Steve Forbes make his money? Below is the current net worth of Steve Forbes and how Steve Forbes makes his money.
What is Steve Forbes’s Net Worth?
Steve Forbes is an English editor, publisher, and business mogul who has a net worth of $430 million. Steve Forbes is the editor of the business magazine Forbes and the president and CEO of Forbes Inc., which is how he acquired his wealth. He ran as a Republican in the 1996 presidential primary elections in the United States.
His grandpa B.C. Forbes founded the magazine, and his father Malcolm Forbes has long served as its publisher. Forbes, who was brought into the world on July 18, 1947, is of English, Scottish, French, and Dutch ancestry. He was raised in Morristown, New Jersey. He and Sabina Beekman, with whom he is married, have five children.
In 2007, Moira, one of his daughters, was named Publisher of Forbes Life Executive Women. He started his first magazine, Business Today, while a student at Princeton in 1970 with the aid of two other classmates. The largest student-run magazine in the world at the moment now is called Business Today.
In 1985, President Ronald Reagan chose Forbes to serve as the chairman of the Board of International Broadcasting (BIB), which oversees Radio Free Europe/Radio Liberty. He and Christine Todd Whitman developed a plan for a three-year, 30% income tax cut for New Jersey, and it played a key role in her victory over James Florio, the current governor.
These tax cuts were suggested by Whitman after she won the election and were passed into law. As a platform for his eventual presidential runs, Forbes used his involvement in these New Jersey tax cuts.
Free trade, health savings accounts, and letting workers opt out of paying 75% of Social Security payroll taxes into Personal Retirement Accounts are some of the major causes Forbes has backed (PRAs). In December 2006, Forbes became a member of the board of directors of the patient advocacy group Freedom Works, which receives funding from the healthcare sector.
He is on the board of directors at the Heritage Foundation, a well-known organization that conducts public policy analysis in Washington, D.C. He frequently participates as a panelist on the Fox News Channel television program Forbes on Fox, which also features other magazine staff members.
In 2010, Forbes made a number of political endorsement deals, including his support for Dr. Rand Paul, a Republican running for the U.S. Senate in the Commonwealth of Kentucky, Marco Rubio, a Republican running for the U.S. Senate in the State of Florida, and incumbent U.S. Senator John McCain, a Republican from the State of Arizona, who is up for re-election in 2010.
Forbes also supported Peter Schiff, a Republican running for the U.S. Senate in the State of Connecticut. On June 3, 1997, Project for the New American Century (PNAC) signed a Statement of Principles, which included Steve Forbes. Between the two times he ran for president, Forbes altered his mind about a few of the subjects that were important to him in the 1996 race.
In the 2000 election, Forbes declared that he was vehemently opposed to abortion and that he favored prayer in public schools. Campaignmoney.com ranked Forbes, which made 15 contributions totaling more than $7 million between 1999 and 2006, as the tenth most significant political fund-raiser in the United States. In 2000, the majority of these contributions went toward his own presidential campaign.
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