Steve Forbes Net Worth 2025: Career, Age and, Personal Life

Steve Forbes Net Worth 2025

Steve Forbes’ net worth by 2025 is estimated to be around $200 million. Yes, this number is much less than before. When he contested the presidential election in 1996, reports were saying that he had assets worth $440 million. But things change with time, and according to the new picture shown by the 2023-24 financial reviews, the figure of $200 million seems more realistic.

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Who is Steve Forbes?

Steve Forbes — yeah, that name’s been around for a while. He’s worn a lot of hats over the years: businessman, author, even ran for president at one point. Oh, and of course, he’s the guy behind Forbes magazine — pretty much a household name when it comes to money, power, and business in America. People still listen to him in conservative economic circles; his voice carries weight. He’s big on flat tax policy and doesn’t shy away from speaking his mind. It’s taken him decades, but he’s built a solid brand and, let’s be honest, a pretty impressive fortune too.

In this post, we’re taking a closer look at where Steve Forbes stands financially in 2025. But it’s not just about the numbers — we’ll dig into his career path, a bit about his family and personal life, and even bring in some updates from 2023 and 2024 to see how he’s stayed relevant in the ever-changing world of business and finance. Because let’s face it, staying in the game for this long? That’s no small thing.

Early Life and Education

Steve Forbes was born on 18 July 1947, and in 2025 he will be 79 years old. But if you see his energy, it doesn’t seem that the man is close to 80. His full name is Malcolm Stevenson Forbes Jr., but to those who know him, he is just “Steve” — simple and straightforward.

His grandfather, B.C. Forbes, started Forbes Magazine in 1917 and later his father, Malcolm Forbes, turned it into a global business media brand. While people dream of appearing on the cover of a magazine, Steve was one of those who had that cover made in their home.

In 1970, Steve graduated from Princeton University with a degree in American History. He studied history, but his heart was in business and publishing. While in college, he co-founded a student magazine called Business Today — and interestingly, the magazine is still running in 2025. Imagine, a student project that is still relevant after so many years… not unusual.

Career Overview

The Forbes Media Legacy

When Steve Forbes took over as CEO of Forbes magazine, he didn’t just run a magazine — he changed its entire direction. Previously it was a traditional print magazine, but under Steve’s leadership it slowly evolved into a multi-platform business brand. He became president in 1980, and when his father passed away in 1990, he also took on the role of editor-in-chief. Around the mid-90s, when people were still thinking of the internet as a new toy, Steve launched Forbes.com — and the move proved to be a game changer for the brand. It may have seemed quite risky at the time, but in hindsight it was brilliant.

Then in 2014, the Forbes family sold the majority of Forbes Media to a Hong Kong company, Integrated Whale Media Investments. But Steve did not give up his role — he remained active as editor-in-chief, and his influence in editorial control continued.

By 2023, Forbes was running more than 45 international editions. It was being counted among the top websites in the world in the business category. Clever content partnerships and aggressive SEO strategies had a big hand behind this success — meaning Forbes had solidified its space in the digital world.

In 2024, he further expanded the Forbes Councils and Events division. This move wasn’t just about building a name — it also boosted revenue and brand reach. What I mean to say is that Steve was not just an editor, he was also a visionary who knew how to move with the times — and sometimes even ahead of them.

Political Life

In the 1990s, Steve Forbes wasn’t just confined to the business world. He jumped into politics as well — and straight into a presidential race. In 1996 and again in 2000, he campaigned for the Republican nomination.

His platform was simple but bold — different from his usual self. He said there should be a flat 17% tax, with the same rate for everyone. The IRS? There was almost talk of abolishing it, or at least eliminating it in the form we know today. And government regulations — minimizing them to give businesses some breathing space.

Flat Tax Revolution

The centre point of Steve Forbes’ political thinking has always been one thing: things should be simple. His biggest idea was — 17% flat tax. Simple, straightforward, without unnecessary loopholes. This tax would be applicable on both personal and corporate income, and he believed that it would give a solid push to the economy.

In 2005, he even wrote an entire book on this concept — Flat Tax Revolution: Using a Postcard to Abolish the IRS. The name itself was quite bold. In the book, he clearly made the point that the tax system should be so straightforward that a person can pay his taxes on a postcard. No confusion, no tricks. According to him, flat tax could bring fairness and transparency back into the system — and honestly, some people were also listening seriously at that time.

Steve Forbes Personal Life

Marriage

Steve Forbes married Sabina Beekman in 1971. The two have been together for quite a long time — and their relationship is also a little away from the public glare. He has five daughters, and one of them, Moira Forbes, is already a quite famous name herself. Moira is a senior executive at Forbes Media and she also launched the ForbesWomen platform — which focuses on women leadership and empowerment. Basically, she is carrying forward the family legacy in her own way.

Family

The entire family is based in Bedminster, New Jersey. Despite being such a big name, Steve Forbes’ lifestyle is surprisingly simple. Yes, while being in the media his profile is definitely high but his style is not too flashy.

For example – while people are into private jets and black cars, Steve often travels by Amtrak. Be it regional trips or short business meetings, he quietly catches the train and leaves. This comes unexpectedly to many people but those who know him say that there is a grounded simplicity in him – which seems rare in today’s times.

Conclusion

Steve Forbes’ net worth in 2025 is really impressive – no doubt. But what really makes him memorable is his thinking. The ideas he has promoted for years, whether it’s a free-market economy or the role of leadership in business journalism – Steve has always shaped people’s thinking in one way or another. This guy doesn’t just talk about money, he talks about a system where the path to earning money is clear – and for everyone. There is always a vision in his words, which is a mix of opportunity, innovation, and freedom.

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