Malcolm Forbes (August 19, 1919 - February 24, 1990), known as Malcolm Forbes, was publisher of Forbes magazine, founded by his father B.C. Forbes and today run by his son Steve Forbes. He is a graduate of the Lawrenceville School and Princeton University.
Malcolm Forbes was legendary for his lavish lifestyle, his private Capitalist Tool jet, ever larger Highlander yachts, huge art collection, substantial collection of Harley-Davidson motorbikes, his French Chateau (in Balleroy, Normandy), collection of special shape Hot air balloons and opulent birthday parties.
He chose the Palais du Mendoub (which he had acquired from the Moroccan government in 1970) in the northwestern city of Tangier, Morocco to host his 70th birthday party. Spending an estimated $2.5 million, he chartered a Boeing 747, a DC-8 and a Concorde to fly in eight hundred of the world's rich and famous from New York and London. The guests include his friend Elizabeth Taylor (who acted as a co-host), Gianni Agnelli, Robert Maxwell, Barbara Walters, Henry Kissinger, half a dozen US state governors, the CEOs of scores of multinational corporations likely to advertise in his magazine. The party entertainment was on a grand scale, including 600 drummers, acrobats and dancers and a fantasia - a cavalry charge which ends with the firing of muskets into the air - by 300 Berber horsemen.
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 elder brother Bruce Charles Forbes in 1964 acquired sole control of the company.
The magazine grew steadily under his leadership, and he diversified into real estate sales and other ventures. One of his last projects was the magazine Egg, which chronicled New York's nightlife. (The title had nothing to do with Forbes's famous FabergĂ© egg collection.) He died suddenly in 1990. The exact nature of his death is unsure, but he was outed as a gay man in the late 1980s by the gay political group, ACT-UP.
The nine FabergĂ© eggs he acquired were scheduled to be auctioned in April 2004 by Sotheby's, with a pre-sale estimate that they would sell for an average of US$10 million apiece. However, Russian oil magnate and art collector Victor Vekselberg made a deal in February to buy the entire collection for $100 million.