Malcolm Forbes, the late American entrepreneur and publisher, was known for his extravagant lifestyle and love for luxury. He was also an aviation enthusiast who owned several private jets throughout his lifetime. However, one of his most famous and expensive private jets was the customized Boeing 727-100 that he named “The Capitalist Tool”. In this article, we’ll take a closer look at the story behind Malcolm Forbes’ private jet and what made it so special.
The Capitalist Tool: Malcolm Forbes’ Customized Boeing 727-100
Boeing 727-100 Source Bing.com
The Boeing 727-100 was a popular commercial airliner in the 1960s and 1970s. However, Malcolm Forbes decided to turn this aircraft into his own personal luxury jet by customizing it with all the latest technology and design features. The interior of the plane was designed by the renowned French designer, Pierre Cardin, who created a unique and stylish look that reflected Forbes’ personality and taste.
The Capitalist Tool was equipped with all the latest amenities, including a state-of-the-art entertainment system, a full-service bar, and luxurious seating for up to 14 passengers. The plane also had a master suite with a king-size bed, a private bathroom, and a dressing room. Forbes used the plane to travel around the world for business and leisure, and he often invited his friends and family to join him on his trips.
The Cost of The Capitalist Tool
Malcolm Forbes’ Private Jet Source Bing.com
The Capitalist Tool was one of the most expensive private jets in the world at the time of its purchase. Forbes reportedly paid around $5 million for the plane in 1980, which is roughly equivalent to $16 million in today’s currency. However, the cost of customizing the aircraft was even higher, with estimates ranging from $20 million to $30 million.
Despite the high cost, Forbes considered The Capitalist Tool to be a worthwhile investment. He used the plane to travel to various business meetings and events around the world, which allowed him to expand his media empire and network with other influential people. He also used the plane for personal trips, such as vacations with his family and friends.
The Legacy of Malcolm Forbes’ Private Jet
Malcolm Forbes Source Bing.com
Although Malcolm Forbes passed away in 1990, his legacy and love for luxury aviation lives on. The Capitalist Tool remains one of the most iconic and recognizable private jets in the world, and it has been featured in numerous media outlets and documentaries. Forbes’ passion for aviation also inspired his son, Steve Forbes, to become a pilot and a collector of vintage planes.
Today, many wealthy individuals and celebrities continue to own and customize their own private jets, often seeking to outdo each other with even more extravagant designs and amenities. However, Malcolm Forbes’ private jet will always be remembered as a symbol of his success, his love for luxury, and his passion for aviation.
Conclusion
Malcolm Forbes’ private jet, The Capitalist Tool, was a one-of-a-kind aircraft that reflected his personality, taste, and love for luxury. The customized Boeing 727-100 featured all the latest amenities and design features, making it one of the most expensive and iconic private jets in the world. Although Forbes passed away more than 30 years ago, his legacy and love for aviation continue to inspire and fascinate people around the world.
