Brought to you by Pistol PeteMalcolm Stevenson Forbes was publisher of Forbes magazine, founded by his father B C Forbes and today run by his son, Steve Forbes.
After dabbling in politics, including a term in the state legislature and candidacy for Governor of New Jersey, he committed to the magazine full time by 1957, three years after his father's death, and after the death of his brother in 1964 acquired sole control of the company.
Malcolm Forbes was legendary for his lavish lifestyle, his private jet, ever larger Highlander yachts, huge art collection, substantial collection of Harley-Davidson motorbikes, his French Chateau (in Balleroy, Normandy), his collections of special shape hot air balloons and historical documents, as well as his opulent birthday parties.
In March 1990, soon after his death, OutWeek magazine published a cover story, 'The Secret Life of Malcolm Forbes', by Michelangelo Signorile, which outed Forbes as a gay man. Forbes was known to many in his social circles as gay, but his homosexuality was never reported on in the media. When Forbes died, he was held up by many conservatives as a great American capitalist. Signorile felt that the historical record also needed to show that he was homosexual; he interviewed many people who knew Forbes as gay, some of them men who’d been intimately involved with Forbes.
Read the rest at Gay for Today.
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