Forbes Family Fetches $175M For Colorado Ranch, Shops NYC HQ

03/28/2008 02:45 am ET | Updated May 25, 2011

THE Forbes family, which more than a year ago sold a minority stake in its empire to U2 frontman Bono and his associates at Elevation Partners, continues to dismantle the non-media portion of its family owned empire.

The latest to go is the family's 171,400-acre Colorado ranch known as the Forbes Trinchera Ranch.

It's the largest ranch in the state and traces it roots to the Sangre de Cristo Land Grant of 1843. Malcolm Forbes, the late patriarch of the current generation of Forbes family members who run the company, took over the ranch in 1969.

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