Publisher, promoter, hot-air balloonist, motorcycle rider and motorcycle collector Malcolm Stevenson Forbes dies at 70 in Far Hills, New Jersey.
Known for his extravagant spending on parties, travel, and for his collection of homes, yachts, aircraft, art, Faberge Eggs and motorcycles. Malcolm Forbes grabbed life by the balls. And squeezed 'em hard.
Forbes came to motorcycles late in life (he was 60) but, by the time he picked the first bug out of his teeth he had already bought another. And another. And another.
Malcolm founded the motorcycle club, "Capitalist Tools" using his estate in New Jersey as the clubhouse and for the meeting place for tours that he organized for fellow New Jersey and New York riders. Tours ranging from the shorelines of both Oceans to the Great Wall of China.
Forbes had a climate-controlled garage with a collection of over 60 motorcycles. Though the collection was known to be mostly Harley-Davidson's he also had a super rare (only 412 were ever built), ultra-cool, 1982 Bimota SB3 with a Suzuki GS1000 engine.
He was also instrumental in getting legislation passed to allow motorcycles on the cars-only Garden State Parkway in New Jersey.
Malcolm Forbes was inducted to the Motorcycle Hall of Fame in 1999.