Forbes family

Forbes family. The Forbes family is a prominent Scottish-American dynasty with deep roots in finance, publishing, and politics. Originating in Aberdeen, the family established itself in the United States during the 19th century, building a significant fortune through diverse enterprises. Their legacy is most publicly associated with ''Forbes'' magazine and its iconic lists, but extends to substantial philanthropy and public service. The family's influence spans generations, connecting them to key figures in American business and government.

History and origins

The family's origins trace to Aberdeen in Scotland, with Bertie Charles Forbes emigrating to the United States in 1904. He began his career as a financial journalist for the New York Journal-American and other newspapers before founding his eponymous publication. Earlier, the 19th-century China trade fortunes of relatives like Robert Bennet Forbes and John Murray Forbes provided a foundational mercantile legacy. These ancestors were involved with major firms like Russell & Company and invested heavily in emerging American railroads, including the Michigan Central Railroad and the Chicago, Burlington and Quincy Railroad. Their activities positioned the family within the influential Boston Brahmin elite, with connections to institutions like Harvard University.

Notable members

The family includes several generations of influential figures in media and finance. Founder Bertie Charles Forbes served as president of the Forbes Inc. publishing company. His son, Malcolm Forbes, famously expanded the magazine and was known for his lavish lifestyle, ownership of the Highlander yacht, and collection of Fabergé eggs. Malcolm's sons, Steve Forbes and Timothy C. Forbes, have led the company, with Steve also being a two-time Republican presidential candidate and advocate for flat tax policies. Other notable members include John Forbes Kerry, the former United States Secretary of State and Democratic presidential nominee, who is a descendant of the James Grant Forbes line. Historical figures such as Francis Blackwell Forbes were noted botanists.

Business ventures and Forbes magazine

The family's principal business is Forbes Inc., the publisher of ''Forbes'' magazine, founded by Bertie Charles Forbes in 1917. The magazine gained global renown for its lists ranking wealth and achievement, most famously the Forbes 400 and the Forbes Global 2000. Under Malcolm Forbes, the brand expanded into major events like the Forbes CEO Conference and significant real estate, including the Forbes Building on Fifth Avenue in New York City. The family's business interests have historically included substantial investments in securities and timberland, particularly in Colorado and the Pacific Northwest. In recent decades, the company has diversified into digital media with Forbes.com and faced ownership changes, including a sale to a consortium led by Integrated Whale Media Investments.

Philanthropy and public service

Philanthropic endeavors have been a consistent focus, with the family supporting numerous educational, cultural, and environmental causes. Donations have significantly benefited institutions like Princeton University, MIT, and the New York University School of Law. The Forbes Foundation and the Forbes Funds in Pittsburgh support community initiatives. In public service, John Forbes Kerry's career as a United States Senator from Massachusetts, Chairman of the Senate Foreign Relations Committee, and 68th United States Secretary of State under President Barack Obama is most prominent. Other family members have served on boards for organizations such as the National Geographic Society and the Woodrow Wilson International Center for Scholars.

Legacy and influence

The Forbes family has left an indelible mark on American capitalism and media culture through its flagship publication and its embodiment of entrepreneurial success. Their lists have become a global benchmark for measuring wealth and corporate power, influencing public perception of business. The family's long-standing affiliation with the Republican Party, exemplified by Steve Forbes's political campaigns, and with the Democratic Party through John Kerry, demonstrates their broad political reach. Their stewardship of Naushon Island, one of the Elizabeth Islands in Massachusetts, represents a commitment to conservation and a private, enduring New England legacy. The family's story remains a notable chapter in the narrative of American dynasties.

Category:American business dynasties Category:Families from Massachusetts Category:Scottish-American families Category:Forbes family