Steve Forbes is an American editor, publisher and businessman, he has a net worth of $430 million. Steve Forbes has earned his net worth as editor-in-chief of the business magazine Forbes as well as president and chief executive officer of its publisher, Forbes Inc. In the 1996 U.S. Presidential primaries he was a Republican candidate. His father Malcolm Forbes was the longtime Forbes magazine publisher and his grandfather B.C. Forbes was the publication’s founder. Forbes was born in Morristown, New Jersey on July 18, 1947, he is of English, Scottish, French, and Dutch descent. He is married to Sabina Beekman, and they have five daughters, in 2007 his daughter Moira was named Publisher of Forbes Life Executive Women. As a member of Princeton class of 1970 he founded his first magazine, Business Today, with the help of two other students. Business Today is currently the largest student-run magazine in the world. Forbes was appointed as head of the Board of International Broadcasting (BIB), Radio Free Europe/Radio Liberty by President Ronald Reagan in 1985.
The plan for a 30 percent cut in New Jersey’s income tax over three years he crested along with Christine Todd Whitman was influential in her defeat of incumbent Governor James Florio. After her election, Whitman proposed these tax cuts and they were enacted into law. Forbes used his role in these New Jersey tax cuts as a platform for his subsequent campaigns for the presidency. 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 joined the board of directors of the health care industry funded advocacy organization Freedom Works in December 2006. At the Heritage Foundation he is a member of the board of trustees, an influential Washington, D.C.-based public policy research institute. On the television program Forbes on Fox, he is a frequent panelist ,along with other members of the magazine staff, the show airs on Saturday mornings on Fox News Channel.
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