Curious about Steve Bannon’s net worth? He is a political consultant who has had a stint at the White House under President Donald Trump.

Additionally, Steve Bannon has experience as a media executive and formerly served as the CEO of Breitbart News prior to its closure. Considering his numerous achievements, one might wonder about the extent of Steve Bannon’s net worth.

Steve Bannon’s net worth stands at $20 million as of May 2023. Despite no longer serving in the White House, he continues to generate substantial income through his various investments.

Today, we will be examining his early career path in addition to the initial investments he ventured into.

Early Life

Stephen Kevin Bannon, born November 27, 1953 in Norfolk, Virginia, is currently 69 years old. He weighs approximately 165 lbs (75 kgs) and is 5 ft 1 in tall (181 cm).

In a household abundant with Irish Catholic traditions, he was raised amidst a large family. His mother, Doris, dedicated her time to being a homemaker, while his father, Martin, pursued a career as a telephone lineman.

Steve spent his formative years at Benedictine College Preparatory, an esteemed private Catholic military high school.

Steve enrolled in the College of Architecture and Urban Studies at Virginia Tech after completing his education. Throughout the semester, he dedicated himself to his studies and during the summers, he diligently worked at a nearby junk yard.

After obtaining a bachelor’s degree in urban planning in 1976, he did not immediately apply his knowledge. Instead, he chose to serve in the United States Navy for seven years following his graduation.

Nevertheless, Steve managed to obtain a master’s degree in national security studies from Georgetown University School of Foreign Service during this time.

After a span of two years, he achieved an esteemed Master of Business Administration degree from Harvard Business School, earning it with honors.

Career

Steve Bannon has experienced both significant failures and notable successes throughout his career.

Steve’s career so far can be summarized as a mixture of success and failure, with some aspects showcasing his strengths while others exposing his flaws.

Right After the Navy

Following his completion of service, Steve went on to pursue a career as an investment banker, specifically in the Mergers and Acquisitions Department at Goldman Sachs.

As time went by and the company experienced growth, Steve relocated to Los Angeles along with it.

He chose to remain there for a period of two years, contributing to the expansion and consolidation of their presence in the entertainment industry. Eventually, he attained the position of vice president before eventually departing from the company.

Shift Between Investment and Media

Bannon & Co., a company founded in 1990, emerged from the initiative of several Goldman Sachs employees, among them Steve.

At present, this investment firm operates independently and offers practical solutions to address various financial planning issues for entrepreneurs and business owners. They possess expertise in the media sector.

When Westinghouse Electric decided to sell Castle Rock Entertainment, Steve’s company stepped in to represent Westinghouse and oversee the transaction process.

By a stroke of fortune or sheer brilliance, instead of accepting a standard advisor’s fee from their client, Steve’s company secured ownership stakes in five television shows, including the iconic Seinfeld!

During that period, Seinfeld was still in its initial seasons and was on track to become one of the most legendary shows of all time.

Steve, who was still employed at his company, assumed the position of acting director for the earth science research project known as Biosphere 2.

Despite the project’s initially intriguing focus on various aspects, such as pollution and climate change, Steve departed a mere two years later.

Bannon & Co. was sold to Société Générale in 1998. Nevertheless, Steve continues to receive royalties from his investments, including whenever Seinfeld is broadcasted.

Entertainment Career

Immediately after parting ways with Bannon & Co., Steve rapidly ascended to the position of a prominent executive producer in Hollywood.

Some of the Hollywood films he worked on include “The Indian Runner” featuring Viggo Mortensen and “Titus” with Anthony Hopkins in the lead role.

After mastering the ins and outs of the industry, he joined forces with Firm, inc., a renowned company, and collaborated with entertainment industry executive Jeff Kwatinetz.

A short while later, Steve produced a documentary named “In the Face of Evil: Reagan’s War in Word and Deed,” focusing on Ronald Reagan.

Steve was brought into contact with numerous journalists and writers who shared his mindset, including Andrew Breitbart, through the making of this documentary.

Andrew likened Steve to Leni Riefenstahl, renowned for her role as a Nazi propaganda director and actress.

Over time, Steve continued to create an increasing number of films that aligned with his beliefs. Some of these include “Fire from the Heartland,” “Occupy Unmasked,” and “The Undefeated.”

Simultaneously, Steve maintained communication with Goldman Sachs and successfully persuaded them to invest in a company named “Internet Gaming Entertainment.”

After encountering some difficulties, the company underwent a rebranding process and transformed into “Affinity Media,” with the individual assuming the role of chair and CEO, suggesting that it was done for personal gain.

Steve co-founded Breitbart News, a right-wing website in 2007, which faced heavy criticism from journalists due to its publication of articles that were widely regarded as racist, sexist, xenophobic, and more.

After the founder of Breitbart News’s parent company passed away, Steve assumed the role of executive chairman. However, he later chose to resign from the position after a couple of years.

Political Career

Steve became the president’s chief strategist and senior counselor after being elected as the chief executive officer for Donald Trump’s campaign in 2016.

Due to Steve’s ideology, his hiring attracted significant attention from various organizations, including the Council on American-Islamic Relations and the Anti-defamation League.

His involvement in Executive Order 13769, which imposed limitations on travel and immigration from specific countries, intensified the opposition towards him.

Ultimately, a total of 169 Democratic House representatives penned and dispatched a letter to President Trump, urging for the removal of Steve from his position within the White House.

In the end, he was dismissed from his position.

Steve Bannon Net Worth Growth

Steve Bannon Net Worth 2023

Steve Bannon’s net worth is estimated to be around $20 million as of May 2023.

While his occupation as an inventor ensured a comfortable livelihood, it was his role as the ex-chief strategist for the president that propelled him to greater wealth.

Frequently Asked Questions (FAQs)

Key Takeaways

You Can Multitask

Steve’s ability to effortlessly multitask and enhance himself is truly commendable.

Despite serving in the navy for a full seven years, he remained determined to continue his education.

Think About Your Opinions Properly

From his astute investment choices to his remarkable ascent to the White House, it is evident that Steve is an exceptionally intelligent individual.

However, his radical opinions are the primary cause of his downfall. His statements range from being controversial to outright racist. Unfortunately, he was in charge of a website that actively endorsed and promoted these troubling beliefs.

Don’t Be Afraid to Speak Up

Despite Steve’s opinions not being the most favorable to hold or listen to, he serves as an admirable model for standing up for one’s beliefs. Despite facing public anger, he remained steadfast and did not retreat.

It is definitely commendable to possess such a quality, but it is important to ensure that your statements are accurate, refrain from insulting or causing harm to others, and are based on reliable information.