Steve Bannon Net Worth: How Rich Is American Media Executive and Former Investment Banker in 2022!
United States-born media executive, political strategist, and former investment banker Stephen Kevin Bannon was born on November 27, 1953. In the Obama administration, he was in charge of policymaking at the White House. Seven months into Trump’s presidency, the president has made some notable moves. He was on the board of directors at defunct data analytics firm Cambridge Analytica and served as executive chairman of Breitbart News.
Early Life and Career Beginnings
Born to Doris, a housewife, and Martin Bannon, a telephone lineman, Stephen Bannon entered the world on November 27, 1953, in Norfolk, Virginia. His ancestry includes the Irish and the Germans. Bannon attended a Catholic military school in Richmond called Benedictine College Preparatory when he was younger.
Afterward, he enrolled at Virginia Tech and spent his summers working at a scrap metal yard. He served in the US Navy as an officer for seven years after graduating from Virginia Tech with a degree in urban planning. He used that time to earn an M.A. in national security studies from Georgetown and an M.B.A. from Harvard.
After his time in the Navy, Bannon became a mergers and acquisitions banker for Goldman Sachs. In 1987, he relocated to the Los Angeles area to help the company deepen its roots in the film and television industries.
After working with others for three years, Bannon decided to start his own company, a small investment bank they called Bannon & Co. He led the corporation as CEO and then took over the helm of the Oracle, Arizona earth science research facility Biosphere 2.
What is Steve Bannon’s Net Worth?
Steve Bannon is a political consultant and media executive in the United States, and he is worth $20 million. Most people remember Steve Bannon as Trump’s senior strategist during the first seven months of the president’s tenure. He was a board member of the disbanded Cambridge Analytica and previously served as executive chairman of the far-right website Breitbart.
Beginning in the early 1990s, Bannon dove headfirst into the media industry, rising to the position of executive producer on a number of Hollywood films (including “The Indian Runner” and “Titus”) before teaming up with fellow Hollywood heavyweight Jeff Kwatinetz in 2002 to form the management company The Firm, Inc.
This was followed by Bannon’s documentary on Ronald Reagan, titled “In the Face of Evil;” it was during the production of this film that Bannon first met conservative journalist and publisher Andrew Breitbart, who likened Bannon to Nazi filmmaker Leni Riefenstahl.
From 2007 through 2011, Bannon served as CEO and chair of Affinity Media, where he funded and produced insane far-right films like “The Undefeated” and “Occupy Unmasked.” He also held the position of vice president of the board at Cambridge Analytica, the company that allegedly targeted American voters with improper data analytics during the 2016 presidential election.
Bannon’s most infamous work in the media is as a co-founder of Breitbart News, a far-right website known for its publication of hate speech against minorities and women. After a brief stint in the White House, he returned to his role as executive chair of the website’s parent firm in 2017. Breitbart fired Bannon in 2018. After that, he established the shadowy political action committee Citizens of the American Republic.
Bannon became Donald Trump’s presidential campaign’s chief executive officer in August 2016. After the latter’s victory in the election, he took on the role of chief strategist and senior advisor. Bannon, along with Stephen Miller, was instrumental in the development of the bigoted executive order that limited travel and immigration to the United States from numerous countries with large Muslim populations.
Eventually, he was forced out of office in April 2017, and he left the White House for good in August.
Upon leaving the White House, Bannon traveled across Europe to address far-right political gatherings with the intention of establishing a worldwide network of fascist parties.
In August 2020, federal prosecutors in New York charged Bannon and three other individuals with scamming contributors in a massive crowdfunding effort that falsely purported to be gathering money for building a wall along the US-Mexico border. Trump granted Bannon a pardon before the scheduled start of his trial, despite the fact that Bannon had pleaded not guilty.
In addition to being against immigration and a climate change denier, Bannon backs populist authoritarian forces in the United States and Europe.
Bannon has been married and divorced several times in his personal life. His first wife was Cathleen Suzanne Houff, and they had a daughter named Maureen. Bannon remarried in 1995 to Mary Louise Piccard, a former investment banker; they had previously been divorced.
They had a set of identical twins and later broke up in 1997. Bannon was arrested for domestic assault, witness intimidation, and other minor offenses throughout their marriage. After that, he married Diane Clohesy in 2006, although they later separated in 2009.