Steve Mnuchin is a world-class financier, banker, and businessman who has played a key role in developing his country’s blueprint for a vibrant and booming economy. Although he has not had much involvement in politics during his professional career, nor has he publicly expressed an interest in public policy, the bank and Hollywood financier was appointed US Treasury Secretary by President Donald Trump. Discover everything you need to know about Mnuchin, including facts about his personal life and career.
Steve Mnuchin Biography
Steven Terner Mnuchin is a New Yorker born on 21. December 1962. He is the son of Elaine Terner, a former Vice President of the International Directors Council of the Solomon Guggenheim Museum, and Robert Mnuchin, a former Goldman Sachs partner who poses as an upscale art dealer.
A graduate of Yale University, Mnuchin was a member of the elite secret society Skull and Bones. After graduating, he got his first job at Goldman Sachs. He worked at the financial firm for 17 years, rose through the ranks and ended his career as a partner before retiring in 2002.
After his Wall Street career at Goldman Sachs, Steve Mnuchin was hired by billionaire George Soros to run a hedge fund. Mnuchin is currently US Treasury Secretary in the Donald Trump-led administration, having served as chief executive for hedge funds.
family – woman
Steve Mnuchin has been married three times. His first marriage was to Kathryn Leigh McCarver and their union lasted seven years (1992-1999). He next married Heather deForest Crosby in 1999 and they had three children together – two daughters, Emma and Dylan, and a son, John. However, Steve Mnuchin and Heather split in 2014.
The former Goldman Sachs banker and actress tied the knot on June 24, 2017 in an extravagant ceremony hosted by Vice President Mike Pence at the Andrew W. Mellon Auditorium in Washington. Other dignitaries attending the ceremony included President Trump and First Lady, Melania, Ivanka Trump, Ben Carson and a number of other cabinet members.
An actress and model from Edinburgh, Scotland, Linton first appeared in a short-lived reality show Rich Hope After that, she debuted as an actress in 2006. Some of her small screen credits include CSI: NY and Cold Case . On the big screen, she has appeared in 2007’s Lions for Lambs , 2016 ‘s Cabin Fever and Intruder (2016) . As a model, she appeared in a 2009 issue for Maxime magazine.
Wealth (income and earnings)
The former Wall Street insider is considered one of the richest members of Trump’s cabinet. Steve Mnuchin is a world-class financier, banker and businessman who has been instrumental in building the country’s vibrant and booming economy. His net worth is estimated to be approximately $300 million.
Other interesting facts
- Hollywood actor and producer
The US Treasury Secretary is not only a banker and financier, but has also successfully carved a niche for himself in Hollywood. In 2016, Steve Mnuchin and his wife Linton guest-starred in Rules Don’t Apply .
Working with billionaires like George Soros, Mnuchin has financed high-profile films. Some of his Hollywood investments at 20th Century Fox include Avatar and Suicide Squad which has gone on to become one of the industry’s highest-grossing films.
Steve Mnuchin also teamed up with other Hollywood executives to create a film production company, RatPac Dune Entertainment, which has produced hit films such as Mad Max: Fury Road, the X-Men franchise, The Accountant , and Defile , among others. Prior to Relativity Media’s bankruptcy, Mnuchin briefly served as the company’s co-chairman.
- Owned a failed mortgage lender
Working with other investors in 2009, Steve Mnuchin returned to the banking sector and bought a defunct real estate lender IndyMac. The failed bank, notorious for quickly confiscating the homes of defaulting borrowers, was later renamed OneWest. In 2015 it was sold to CIT Group in a lucrative deal.
- Work, business investments and suits with Trump
Before her political career, Trump and Steve Mnuchin previously worked together at a Hawaiian hotel. Prior to Donald Trump’s election, Mnuchin reinvested in a number of presidential deals, including one at a Hawaiian estate.
President Donald Trump once sued his own Treasury Secretary. During the credit crunch, one of Mnuchin’s companies – Dune Capital – was part of a group of lenders that provided loans to build the Trump skyscraper in Chicago. To extend the life of the loan, Trump sued the lenders, but the case was later settled.
- Democratic left
Though he currently serves under the Trump administration, Steve Mnuchin, who believes he is supporting the best candidate at a time, is not a die-hard Republican. Not only has he donated money to Democrats like Hillary Clinton in past elections, but he’s also a former business partner of anti-Trump billionaire George Soros.