Steve Bannon, an American media executive and political consultant. In 2020, Steve Bannon faced legal troubles and was arrested on charges of conspiracy to commit mail fraud and money laundering. The following year, he was held in contempt of Congress for failing to comply with a subpoena related to the investigation into the January 6, 2021 attack on the US Capitol.
Bannon has also ventured into film production and financing, backing movies such as “The Undefeated,” “Fire from the Heartland: The Awakening of the Conservative Woman,” and “Occupy Unmasked.” Prior to his involvement in the film industry, Bannon served as the acting director of Biosphere 2. Later, he moved to Hollywood where he executive produced Anthony Hopkin’s 1999 movie “Titus.”
Steve Bannon’s Net Worth
According to Celebrity Net Worth, Steve Bannon, an American media executive and political consultant, has a net worth of $20 million. He gained significant recognition for his role as Donald Trump’s chief strategist during the first seven months of Trump’s presidency. Before this, Bannon served as the executive chairman of the far-right website Breitbart and was also a board member of the now-defunct data analytics company Cambridge Analytica.
As per a financial disclosure in April 2017, Steve Bannon made hundreds of thousands of dollars in 2016 by serving as a consultant for several conservative media groups. The disclosure also revealed that his consulting company, Bannon Strategic Advisors Inc, was valued at a range of $5 million to $25 million and that he had personal bank accounts holding as much as $2.25 million in addition to real estate rental properties valued at up to $10.5 million.
Of particular interest, Steve Bannon acquired an estimated 1% share in the syndication profits of the TV show “Seinfeld” through a deal he negotiated in 1993. Two years later, in 1995, “Seinfeld” was sold into syndication for the first time. Over the following two decades and beyond, Bannon’s 1% equity stake in the show earned him approximately $33 million in dividends.
About Steve Bannon’s Background and Career
Born to Doris and Martin in Norfolk, Virginia on November 27, 1953, Stephen Bannon has ancestral roots in Ireland and partly in Germany. As a young man, he attended Benedictine College Preparatory, a Catholic military institution located in Richmond. Later, he enrolled at Virginia Tech, where he earned a degree in urban planning, and during summers, he worked at a local scrap yard. After completing his undergraduate education, Bannon served as a naval officer for seven years. While in the Navy, he pursued higher education, earning a master’s degree in national security studies from Georgetown University and an MBA from Harvard Business School.
After completing his service in the Navy, Bannon joined Goldman Sachs as an investment banker in the Mergers and Acquisitions Department. In 1987, he relocated to Los Angeles to help the company expand its footprint in the entertainment sector. In 1990, Bannon and a few colleagues established their own boutique investment bank, Bannon & Co. While concurrently running this company, he was appointed as the director of Biosphere 2, an earth science research initiative situated in Oracle, Arizona.
About His Political Career
In August 2016, Bannon took on the role of chief executive for Donald Trump’s presidential campaign. After Trump won the election, Bannon became his senior counselor and chief strategist. Along with Stephen Miller, Bannon played a key role in developing an executive order that imposed restrictions on travel and immigration from certain Muslim-majority countries, which was widely criticized as being racist. However, Bannon was later dismissed from his position in April 2017 and officially departed from the White House in August of the same year.
After leaving the White House, Bannon embarked on a speaking tour across Europe, targeting far-right political events to help create a global network of fascist parties. In August 2020, he and three other men were indicted by New York federal prosecutors on charges of defrauding donors in a crowdfunding campaign that purported to raise funds for constructing a wall along the US-Mexico border. Bannon denied the charges but was later pardoned by then-President Trump prior to his trial.
Steve Bannon’s Personal Life
Bannon is known for his stance against immigration, rejection of the concept of climate change, and advocacy for populist authoritarian movements both in the United States and across various European nations.
Bannon has been married and divorced several times throughout his personal life. His first marriage was to Cathleen Suzanne Houff, with whom he had a daughter named Maureen. After their divorce, he married former investment banker Mary Louise Piccard in 1995, and they had twin daughters before splitting up in 1997. It was during this marriage that Bannon faced charges of misdemeanor domestic violence, battery, and dissuading a witness. In 2006, he married Diane Clohesy, but they divorced in 2009.