Steve Bannon Net Worth: Stephen Bannon was born on November 27, 1953 in Norfolk, Virginia to Doris, a housewife, and Martin, a telephone lineman. He is of Irish and German ancestry. Bannon attended Benedictine College Preparatory, a Catholic military school in Richmond, as a child. Following that, he attended Virginia Tech and worked at a nearby scrap yard during the summers.
He served in the US Navy for seven years after graduating from Virginia Tech with a degree in urban planning. He earned a masters degree in national security studies from Georgetown University and an MBA from Harvard Business School during this period.
Following his Navy service, Bannon worked as an investment banker in the Mergers and Acquisitions Department at Goldman Sachs. He relocated to Los Angeles in 1987 to help the firm build its influence in the entertainment sector.
Three years later, Bannon and some of his colleagues founded their own firm, Bannon & Co., a boutique investment bank. He became the director of the earth science research project Biosphere 2, which was based in Oracle, Arizona, while also managing the corporation.
By the early 1990s, Bannon had become an executive producer on several Hollywood films, including The Indian Runner and Titus. Later, in 2002, he co-founded The Firm, Inc. with entertainment industry entrepreneur Jeff Kwatinetz. Following that, he produced In the Face of Evil, a Ronald Reagan documentary; this project introduced him to right writer and publisher Andrew Breitbart, who compared Bannon to Nazi director Leni Riefenstahl.
Bannon went on to fund and create insane, far-right films like The Undefeated and Occupy Unmasked. He was the CEO and chair of Affinity Media from 2007 to 2011. He was also a board member of Cambridge Analytica, which used illicit data analytic practices to target American voters during the 2016 presidential election.
Bannon was a founding member of Breitbart News, an extreme rightwing website that publishes virulently racist, xenophobic, antisemitic, and misogynistic content, among other things. In 2012, he was named executive chair of the websites parent business, and he returned shortly in 2017 after a brief stint at the White House. Bannon was fired from Breitbart in 2018. He afterward founded Citizens of the American Republic, a shadowy money organization.
In August of 2016, Bannon was named chief executive officer of the presidential campaign of Donald Trump. In the wake of the latters election, he became his top strategist and senior advisor. Bannon, along with Stephen Miller, had a pivotal role in the crafting of the bigoted executive order that limited US travel and immigration from numerous Muslim-majority nations. In the end, he was ousted from his position in April of 2017, and he left the White House permanently in August.
Following his departure from the White House, Bannon traveled to Europe to speak at different far-right political gatherings in an effort to establish a global network of fascist parties. Later, in August 2020, New York federal prosecutors accused Bannon and three other individuals of scamming contributors in a huge crowdfunding effort that claimed to be gathering funds for the construction of a border wall between the United States and Mexico. Trump granted Bannon a pardon before his trial date despite his not-guilty plea.
Steve Bannon Net Worth
The net worth of American media executive and political adviser Steve Bannon is $20 million. Steve Bannon is most recognized for working as Donald Trumps top strategist during the first seven months of Trumps presidency. Previously, he served as executive chairman of the far-right website Breitbart and as a board member of the failed data analytics company Cambridge Analytica.
Finances and Seinfeld Syndication
Steve Bannon made several hundred thousand dollars in 2016 as a consultant for numerous conservative media firms, according to his April 2017 financial report. In addition, the report revealed that his consulting business, Bannon Strategic Advisors Inc, was valued between $5 million and $25 million and that he personally possessed bank accounts with up to $2.25 million and real estate rental properties worth up to $10.5 million.
In 1993, Bannon arranged an agreement to purchase around 1% of the syndication income of the television comedy Seinfeld. In 1995, Seinfeld was sold for the first time in syndication. Bannons 1% ownership holding would yield around $33 million in dividends over the following 20+ years.
Steve Bannon Facts
His Catholic Norfolk, Virginia family were Democrats. Bannon told Bloomberg Businessweek in 2015, I was apolitical until I joined the military and saw how poorly Jimmy Carter botched things. I became an enormous Reagan supporter.
In 1975, during his junior year at Virginia Tech, Bannon campaigned against a student government veteran and heavy favorite for student body president. According to WaPo, his campaign literature accused his opponents of campaigning solely on Platitudes, Promises, and Slogans. He and his radical female running companion (at the time) received more than sixty percent of the vote.
Although he fought in combat groups stationed in the Arabian Sea and Persian Gulf and later worked at the Pentagon, Mr. Mickle, a retired defense contractor, told the New York Times, He said he joined the Navy so it would look nice on his resume because he intended to get into politics eventually.