Stephen Kevin Bannon was born on the 27th November 1953, in Norfolk, Virginia USA, and is quite a multitalented persona – he is not only a businessman and media executive, but also a film producer as well as an American political figure, who is perhaps best known for being the White House Chief Strategist during the early phase of Donald Trump’s presidency.
Have you ever wondered how much wealth this talented American has accumulated so far? How rich Steve Bannon is? According to sources, it is estimated that the total of Steve Bannon’s net worth, as of early 2018, revolves around the sum of $20 million which has been acquired primarily through his business career, active since the mid-1990s.
Steve Bannon Net Worth $20 Million
Steve is a son of homemaker Doris and AT&T’s middle manager Martin Bannon, and apart from American is also of Irish ancestry. He was raised in a Catholic manner and attended the private military high school Benedictine College Preparatory in Richmond, Virginia, from which he matriculated in 1971. He then enrolled at Virginia Tech College of Architecture and Urban Studies from which he graduated with a Bachelor of Arts degree in urban planning in 1976. He then joined the US Navy, and began his service on the USS Paul F. Foster destroyer. In 1980, he took part in Operation Eagle Claw during the Iran hostage crisis in the Persian Gulf, and on his departure from the service in 1983, Bannon had reached the rank of the lieutenant (O-3). Subsequently, Steve earned his Master of Arts degree from Georgetown University School of Foreign Service in 1983, majoring in national security studies, while in 1985 he obtained a Master of Business Administration degree from Harvard Business School.
Bannon began his professional career in New York City as an investment banker in the Mergers and Acquisitions Department at The Goldman Sachs Group, Inc. In the course of the next year, he became the Vice-President, and helped the firm to expand to the Los Angeles’ market and the entertainment business. In 1990, Steve founded his own, boutique investment bank – Bannon & Co. Before it was purchased by Société Générale, Bannon’s company orchestrated the CNN’s acquisition of Castle Rock Entertainment. Between 1993 and 1995, Steve served also as a director of Biosphere 2, a science project in Oracle, Arizona, focused on studying the earth’s climate, environment and pollution. All these engagements provided the basis for the current new worth of Steve Bannon.
Between 2007 and 2011, Steve served as the chairman and the CEO of Affinity Media, while from 2012 to 2015 he was the executive chairman of the tax-exempt organization Government Accountability Institute, which he also co-founded. In 2012, Bannon joined Breitbart News LLC and began his “reign” as the company’s executive chairman, guiding it to a more nationalistic and alt-right approach. It is certain that all these ventures helped Steve Bannon to dramatically enlarge the size of his current wealth.
Steve Bannon’s political career was set on the rising path in August 2016, when he was appointed as the chief executive of Donald Trump’s presidential campaign. After Trump’s victory in the election for the 45th President of the United States, Steve began serving as his senior counselor, then after Trump’s inauguration, he was appointed as his Chief Strategist. Prior to his departure from the White House in April 2017, Bannon was also involved in the National Security Council. Steve subsequently returned to the Breitbart News in August 2017, when he reclaimed his executive chairman’s title, which he held ’till January 2018 when he officially stepped down. Doubtlessly, all these endeavors have helped Steve Bannon to increase the total of his revenues by a large margin.
Apart from all those already mentioned above, Bannon also put some efforts towards the moviemaking industry, and so far has produced a total of 18 movies, of which “The Indian Runner” (1991), “Titus” (1999), “Sweetwater” (2013) and “Clinton Cash” (2016) are the most commercially successful ones so far. All these efforts made an impact on Steve Bannon’s net worth as well.
When it comes to his personal life, Steve Bannon has been married three times – in 1988 to Cathleen Suzanne Houff, with whom he welcomed a daughter. Between 1995 and 1997, from a marriage with Mary Louise Piccard, Bannon has twin daughters, while his third marriage with Diane Clohesy lasted between 2006 and 2009. He currently resides in Washington D.C.
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