In 2001, he moved to London to better focus the magazine on the business world outside of North America. Minard won the Business Journalist of the Year award twice while at "Forbes Global": first in 1999 for the November 30, 1998, cover story, "Act Two", then again in 2000 for the October 4, 1999, cover story, "Young, Rich, and Restless." Minard married Elizabeth Bailey, and they had two children, Sara and Julia. He enjoyed travel, skiing, sailing, and mountain climbing. On August 2, 2001, Minard and his daughter Julia went on a guided climb to the top of Mount Rainier in Washington. While ascending Disappointment Cleaver, he stopped at 12,000 feet elevation complaining of difficulty breathing, then stopped breathing altogether after a few minutes. A guide administered CPR to no avail. The coroner ruled he died from a heart attack caused by coronary artery disease. The Minard Editor Award was created in Minard's honor after his death by the UCLA Anderson School of Management as part of the Gerald Loeb Awards to recognize business editors whose work does not receive a byline or whose face does not appear on air for the work covered. Minard received the first award posthumously in 2002. The trophy was presented to his wife Elizabeth by his longtime friend Steve Forbes at the awards ceremony.