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Forbes grew up in wealthy circumstances. He later studied at Princeton University in the US state of New Jersey. He then served in the US Army and took part in World War II. From 1949 he was politically active in New Jersey and was a member of the Senate from 1951 to 1959. In 1954 his father died and from that time on his son ran the media company together with his brother Bruce Charles Forbes. When he died in 1964, he ran the business alone. Malcolm Forbes made Forbes magazine one of the most successful papers on the international media market. He increased the number of buyers from 100,000 to around 750,000.

The publisher achieved the increase in sales and thus popularity of the magazine, which has its headquarters on Fifth Avenue in New York City, with rankings of the richest people in the world. They became the most popular topic rankings. Forbes has also been publishing its magazine on the German market since 1989. Over time, he also created rankings on other topics such as the list of the world's most successful companies or the list of the 13 highest-earning dead people. Since 2004, the magazine has published an annual ranking of the most powerful women in the world. With the rankings, the paper not only serves the curiosity of its readers, but they are also the basis for recognized indicators of the measured content. Forbes has thus surpassed its biggest competitor, Fortune Magazine.

Forbes' other publications include Nation's Heritage Magazine and Egg, a journal for art lovers. Outside of his business activities, Malcolm Forbes particularly attracted attention for his luxurious lifestyle. In doing so, he shaped the public image of the typical representative of capitalism, which he also maintained. The entrepreneur and multimillionaire spent around two million dollars on his last birthday party, to which he invited around 1,000 guests to Tangier. This penchant for lavish luxury further increased the popularity of his magazine. Forbes was considered a fanatical motorcycle lover and rider. He organized an annual "Friendship Tours" in which countless Harley-Davidson riders took part.

One of his extravagant hobbies was ballooning. The publisher's possessions alone in the form of real estate, paintings and luxury cars as well as his magazines were valued at around one billion US dollars during his lifetime.

Malcolm Forbes died of a heart attack in New Jersey on February 24, 1990.

I made my money the old fashioned way. I was very nice to a wealthy relative right before he died.

Education&#39;s purpose is to replace an empty mind with an open
one.

Ability will never catch up with the demand for it.

There is never enough time, unless you&#39;re serving it.

Quotes

Malcolm S. Forbes

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