Steve Bannon Net Worth

Steve Bannon Net Worth: How Rich Is The American Media Executive And Political Consultant?

Steve Bannon is an American media executive and political consultant. Steve Bannon was born on November 27, 1953, in Norfolk, Virginia. He is the Chief Strategist in the White House for the Trump administration. In this role, he was a part of the U.S. National Security Council’s Principals Committee from January 28, 2017, to April 5, 2017.

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Steve Bannon’s Net Worth

Steve Bannon is an American media executive and political consultant with a net worth of $20 million. Steve Bannon is best known for being Donald Trump’s top strategist for the first seven months of his presidency. He used to be the executive chairman of the far-right website Breitbart and a member of the board of the data analytics company Cambridge Analytica, which is no longer in business.

In 2020, Bannon was arrested and charged with conspiracy to commit mail fraud and money laundering. The next year, he was held in contempt of Congress for ignoring a subpoena related to the January 6, 2021 attack on the US Capitol.

Bannon has paid for and made a number of movies, including “The Undefeated,” “Fire from the Heartland: The Awakening of the Conservative Woman,” and “Occupy Unmasked.” Bannon was the acting director of Biosphere 2 before he moved to Hollywood and helped make the 1999 movie “Titus” by Anthony Hopkin.

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Finances And Syndication of Seinfeld

A financial report from April 2017 showed that Steve Bannon made a lot of money in 2016 as a consultant for different conservative media groups. The disclosure also showed that his consulting firm, Bannon Strategic Advisors Inc., was worth between $5 million and $25 million and that he had bank accounts with up to $2.25 million and rental property worth up to $10.5 million.

In 1993, Bannon made a deal to get about 1% of the profits from reruns of the TV show “Seinfeld.” This is perhaps the most interesting thing about him. In 1995, Seinfeld was sold for the first time to be shown in other places. Over the next 20+ years, Bannon’s 1% stake in the company would pay him dividends worth about $33 million.

Arrest

US Postal Inspectors caught Steve Bannon on August 20, 2020. He was on a 150-foot yacht off the coast of Connecticut. The reason for Bannon’s arrest was a group called “We Build the Wall.” Banon and a few other people were arrested on suspicion that they stole money from a charity and used it for their own expenses and purchases. The yacht where Bannon was caught belongs to Guo Wengui, a Chinese billionaire who is one of China’s most-wanted criminals. In the same week that he was arrested, several banks froze accounts that were used by a company called GTV Media Group to raise money. It is said that Bannon and Wengui are two of the most important people at GTV, which in spring 2020 raised $300 million in a private offering.

Early life And Career Begining

Stephen Bannon was born in Norfolk, Virginia, on November 27, 1953. His parents, Doris, a housewife and Martin, a telephone lineman, raised him. He is partly Irish and partly German. As a child, Bannon went to Benedictine College Preparatory in Richmond, which is a Catholic military school. After that, he went to Virginia Tech and worked at a local junk yard during the summers. After getting a degree in urban planning from Virginia Tech, he spent seven years as an officer in the US Navy. During this time, he went to Georgetown University and got a master’s degree in national security studies. He also went to Harvard Business School and got an MBA.

After leaving the Navy, Bannon worked as an investment banker in the Mergers and Acquisitions Department at Goldman Sachs. In 1987, he moved to Los Angeles so he could help the company grow in the entertainment business. Three years later, Bannon and a few of his coworkers started their own business, which they called Bannon & Co. While he was still running the company, he became the head of the Oracle, Arizona-based earth science research project Biosphere 2.

Media Career

By the early 1990s, Bannon was deeply involved in the media world. He became the executive producer of many Hollywood movies, such as “The Indian Runner” and “Titus.” Later, in 2002, he joined forces with Jeff Kwatinetz, an executive in the entertainment business, to form the management company The Firm, Inc. After that, he made a documentary about Ronald Reagan called “In the Face of Evil.” This led him to conservative journalist and publisher Andrew Breitbart, who said that Bannon was like the Nazi filmmaker Leni Riefenstahl. Bannon went on to fund and make projects like “The Undefeated” and “Occupy Unmasked” that was crazy and on the far right. He was the CEO and chair of Affinity Media from 2007 to 2011. He was also the vice president of the board of Cambridge Analytica, which used illegal data analysis techniques to target American voters in the 2016 presidential election.

Bannon helped start Breitbart News, an extreme right-wing website that publishes a lot of racist, xenophobic, antisemitic and sexist content. This is one of his most well-known media projects. In 2012, he became the executive chair of the website’s parent company. In 2017, after a short job at the White House, he came back for a short time. Bannon was fired from Breitbart in 2018. After that, he set up Citizens of the American Republic, a group that uses secret money.

Career In Politics

In August 2016, Bannon was named the head of Donald Trump’s campaign for president. After the second one was elected, he became his top advisor and chief strategist. Along with Stephen Miller, Bannon was a key part of making the racist executive order that stopped people from several Muslim-majority countries from coming to the US or traveling there. In the end, he was fired from his job in April 2017 and he left the White House for good in August.

Steve Bannon Sentenced To 4 Months In Prison For Contempt of Congress
Steve Bannon Sentenced To 4 Months In Prison For Contempt of Congress

After leaving the White House, Bannon went around Europe to speak at far-right political events. His goal was to build a network of fascist parties around the world. Later, in August 2020, federal prosecutors in New York charged Bannon and three other men with defrauding donors in a large crowdfunding campaign that said it was raising money to build a wall along the US-Mexico border. Trump gave Bannon a pardon before the date of his trial, even though he had said he wasn’t guilty.

Social Media Ban

In November 2020, Bannon posted death threats on social media against an expert on infectious diseases named Anthony Fauci. Like his former boss Donald Trump, Bannon was banned from Twitter for good.

Contempt of Congress

In September 2021, the US House Select Committee on the January 6 Attack sent Bannon a subpoena telling him to show up on October 14. When he didn’t do what they asked, the House of Representatives voted to hold him in criminal contempt of Congress. He was then sent to the Justice Department so that he could be prosecuted.

Political Views And Personal Life

Bannon is against immigration, doesn’t believe that climate change is happening and backs populist, authoritarian movements in the US and across Europe.

Bannon has been married and divorced more than once in his personal life. He was married to Cathleen Suzanne Houff for the first time and they had a daughter named Maureen. After he and his wife broke up, Bannon married Mary Louise Piccard, a former investment banker, in 1995. They had twin girls and broke up in 1997. During their marriage, Bannon was charged with misdemeanor domestic violence, battery and swaying a witness. Later, he married Diane Clohesy in 2006. They split up in 2009.

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