| Net Worth: | $20 Million |
| Gender: | Male |
| Profession: | Screenwriter, Film Director, Film Producer |
| Last Updated: | 2020 |
Stephen K. Bannon net worth: Steve Bannon is an American businessman, filmmaker, and former naval officer who has a net worth of $20 million. He is best-known for being the chief executive officer of the 2016 presidential campaign of Donald Trump.
Stephen K. Bannon was born in Norfolk, Virginia in November 1953. He earned his M.A. from Georgetown University and his M.B.A. from Harvard Business School. He co-founded and serves as executive chairman of the Government Accountability Institute. Bannon was the former executive chairman of Breitbart News LLC. He has financed and produced several films including The Undefeated, Fire from the Heartland: The Awakening of the Conservative Woman, and Occupy Unmasked. Bannon served as acting director of Biosphere 2 before he moved to Hollywood and executive produced Anthony Hopkin’s movie Titus in 1999. He became a partner in the film and television management company The Firm, Inc. From 2007 to 2011 he served as chairman and CEO of Affinity Media.
An April 2017 financial disclosure showed that Steve Bannon earned several hundred thousand dollars in 2016 as a consultant for various conservative media organizations. The disclosure also showed that his consulting firm Bannon Strategic Advisors Inc was valued between $5 million and $25 million and that he personally held bank accounts with as much as $2.25 million and real estate rental property worth as much as $10.5 million. Perhaps most interestingly, in 1993 Bannon negotiated a deal to acquire an estimated 1% of the syndication profits of the TV show Seinfeld. In 1995 Seinfeld was sold into syndication for the first time. Over the next two decades+, Bannon’s 1% equity stake would generate around $33 million in dividends.
Arrest: On August 20, 2020, Steve Bannon was arrested on a 150-foot yacht off the coast of Connecticut by US Postal Inspectors. Bannon’s arrest was connected to a charity called “We Build the Wall”. Banon and several alleged co-conspirators were arrested for allegedly siphoning money from the charity to use on personal expenses and purchases. The yacht Bannon was arrested on is owned by a Chinese billionaire named Guo Wengui who is one of China’s most-wanted fugitives. Coincidentally, in the same week of his arrest, several banks froze accounts connected to fundraising efforts by a company called GTV Media Group. Bannon and Wengui are allegedly the two key executives behind GTV which raised $300 million in a private offering in spring 2020.