Princeton University, 110 West College, Princeton, NJ 08544
11 W 12th St, New York, NY 10011
Cat Club, 76 E 13th St, New York, NY 10003
Chateau de Balleroy, Rue du Sapin, 14490 Balleroy-sur-Drôme, France
Palais Mendoub, Avenue Hadj Mohamed Tazi & Rue Shakespeare, Tanger-Tétouan, Larache, Tanger 90000, Morocco
Timberfield, 95 Old Dutch Rd, Far Hills, NJ 07931
Old Battersea House, Vicarage Cres, Battersea, London SW11 3LG
Malcolm Stevenson Forbes (August 19, 1919 – February 24, 1990) was publisher of Forbes magazine, founded by his father B. C. Forbes and today run by his son Steve Forbes. In March 1990, soon after his death, OutWeek magazine published a story with the cover headline "The Secret Gay Life of Malcolm Forbes," by Michelangelo Signorile, which outed Forbes as a gay man. Signorile was critical of the media for helping Forbes publicize many aspects of his life while keeping his homosexuality a secret. The writer asked, "Is our society so overwhelmingly repressive that even individuals as all-powerful as the late Malcolm Forbes feel they absolutely cannot come out of the closet?" Even in death, the media was reluctant to disclose his sexuality; the New York Times would refer only to him as a "famous, deceased millionaire" while reporting on the controversy.
Forbes was born in Brooklyn, on August 19, 1919, the son of Adelaide Stevenson and Scottish-born financial journalist and author B.C. Forbes. He graduated from the Lawrenceville School and Princeton University.
After dabbling in politics, including service in the New Jersey Senate from 1951 to 1957 and candidacy for Governor of New Jersey, he committed to the magazine full-time by 1957, three years after his father's death. After the death of his brother Bruce Charles Forbes in 1964, he 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 Fabergé egg collection.) Homoerotic art was splashed liberally on the walls of his Manhattan townhouse. He had a penchant for handsome young men hired as servers for his catered parties and dinners. Before the guests arrived he would lure one of them into his Jacuzzi and give him a blow job – followed by a $100 tip – and then send him back out to work his party. Same deal with the houseboys, bodyguards and chauffeurs. He often gave blow jobs to his male employees at his magazine office, with the door wide open, so others would not suspect what was going on. His son Steve was in an office not thirty feet away. His secretary, seated near the open door, but out of sight of his desk, knew never to just walk in.
Malcolm Forbes had a lavish lifestyle, his private Capitalist Tool Boeing 727 trijet, ever larger Highlander yachts, huge art collection, substantial collection of Harley-Davidson motorbikes, his French Chateau (near Bayeux, Normandy, in Balleroy), his collections of special shape hot air balloons and historical documents, as well as his opulent birthday parties. Additionally in the mid-1960s he was a fixture at NYC's famous Cat Club on Wednesday nights, supporting local musical talents. Malcolm Forbes bought this French chateau in Normandy in 1970. An early masterpiece by the architect François Mansart, the pink and grey chateau was built in 1626 for Jean de Choisy, chancellor to the brother of French king Louis XIII.
He chose the Palais 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 included his friend Elizabeth Taylor (who acted as a co-host), Gianni Agnelli, Robert Maxwell, Barbara Walters, Henry Kissinger, half a dozen US state governors, and 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.
Forbes became a motorcyclist late in life. He founded and rode with a motorcycle club called the Capitalist Tools. His estate in New Jersey was a regular meeting place for tours that he organized for fellow New Jersey and New York motorcyclists. He had a stable of motorcycles but was partial to Harley Davidson machines. He was known for his gift of Purple Passion, a Harley-Davidson, to actress Elizabeth Taylor. He was also instrumental in getting legislation passed to allow motorcycles on the cars-only Garden State Parkway in New Jersey. He was inducted to the Motorcycle Hall of Fame in 1999. In 2008, he was inducted into the New Jersey Hall of Fame.
Forbes died in 1990 of a heart attack, at his home in Far Hills, New Jersey.
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