Media Moves

Forbes family to sell London home, artwork

March 4, 2011

Daniel Thomas of the Financial Times reports Friday that the Forbes family that owns the business magazine is selling its London home and some Victorian artwork as part of estate planning.

Thomas writes, “The house, which has been at the centre of the Forbes family activities in the UK, has seen parties attended by Ronald and Nancy Reagan, Margaret Thatcher, Warren Buffett, Elizabeth Taylor and various members of the royal family.

“Christopher Forbes, vice-chairman of Forbes, said the family was selling the property as part of a wider plan to safeguard the family fortune. Forbes is a wealthy extended family originating in Boston, though it can be traced back to Sir John de Forbes in Scotland in the 12th century.

“Mr Forbes told the Financial Times: ‘My siblings and I are not getting any younger and we need to do some estate planning. We are still going through who exactly wants what. . . Battersea was not the most desirable neighbourhood when my father bought it.'”

Read more here.

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