|Stephen Kevin Bannon
|November 27, 1953
|Norfolk, Virginia, U.S.
|Virginia Tech (B.S.), Georgetown University (M.A.)
|Political consultant, media executive, filmmaker, investment banker
|Republican (former), Independent
|Breitbart News, American Dharma (documentary film), Fire from the Heartland (documentary film)
|Stephen K. Bannon
Have you ever wondered what the net worth of Steve Bannon is? Steve Bannon is a political consultant who, at some point, worked in the White House for President Donald Trump.
He’s also a media executive and was the CEO of Breitbart News until it got defunct. So, with all these accomplishments, how much do you think Steve Bannon net worth is?
As of May 2023, Steve Bannon has a net worth of $20 million. Though he may not be working for the White House anymore, Steve still makes good money from his other investments.
So, today, we’re going to look at his early career as well as the early investments he made.
Table of Contents
Stephen Kevin Bannon was born on the 27th of November 1953 in Norfolk, Virginia. He’s currently 69 years old, weighs around 165 lbs (75 kgs), and stands 5 ft 1 in tall (181 cm).
He grew up in a large Irish Catholic family where his mother, Doris, was a housewife, and his father, Martin, worked as a telephone lineman.
During his early years, Steve attended Benedictine College Preparatory, a private catholic military high school.
After finishing school, Steve enrolled in Virginia Tech College of Architecture and Urban Studies. Over there, he studied hard during the semester and then worked at a local junk yard during the summers.
He graduated college in 1976 with a bachelor’s degree in urban planning, which he didn’t put to use right away. In fact, after his graduation, he started serving in the United States Navy and only left after seven years.
However, during these years, Steve earned a master’s degree in national security studies from Georgetown University School of Foreign Service.
Two years later, he also earned a Master of Business Administration degree with honors from Harvard Business School.
Steve Bannon’s career can only be described as a series of major failures and successes.
He thrived in some aspects, while the worst parts of his character seemed to shine in others. Here’s a quick look at Steve’s career so far:
Right After the Navy
After Steve finished his service, he worked as an investment banker in the Mergers and Acquisitions Department at Goldman Sachs.
As the years passed and the company started growing, Steve moved with it to Los Angeles.
Over there, he could help it expand and strengthen its presence in the entertainment industry. So he stuck around for two years until he became vice president, and then he left the company.
Shift Between Investment and Media
In 1990, a few Goldman Sachs employees, including Steve, started their own company called Bannon & Co.
It’s an independent investment firm that provides entrepreneurs and business owners with practical solutions to most financial planning problems. Their specialty at the time was media.
So, when Westinghouse Electric sought to sell Castle Rock Entertainment, Steve’s company was there to represent Westinghouse and facilitate the transaction.
In a stroke of luck—or genius—, instead of receiving a simple advisor’s fee from their client, Steve’s company took stakes in five TV shows, including Seinfeld!
At the time, Seinfeld was still in its early seasons and on its way to becoming one of the most iconic shows ever.
While he was still working in his company, Steve took the role of acting director on the earth science research project Biosphere 2.
Though the project seemed interesting and focused on many aspects, such as pollution and climate change, Steve left only two years later.
In 1998, Bannon & Co. was sold to Société Générale. However, Steve still receives royals from his investments, such as every time Seinfeld airs.
Right after selling Bannon & Co., Steve became a big executive producer in Hollywood in a short amount of time.
Once he got the hang of the industry, he teamed up with a company called Firm, inc. and worked with entertainment industry executive Jeff Kwatinetz.
Soon after, Steve made a documentary about Ronald Regan titled “In the Face of Evil: Reagan’s War in Word and Deed.”
This documentary put Steve in the path of many like-minded journalists and writers like Andrew Breitbart.
Andrew described Steve as being similar to Leni Riefenstahl—a famous nazi propaganda director and actress.
At the same time, Steve was still in contact with Goldman Sachs and actually convinced them to invest in a company called “Internet Gaming Entertainment.”
Though it seems that this was for his own benefit as, after some trouble, the company soon rebranded into “Affinity Media,” and he became its chair and CEO.
In 2007, Steve co-founded Breitbart News—a right-wing website that published articles many journalists deemed racist, sexist, xenophobic, and more.
Steve became the executive chairman of Breitbart News’s parent company after the founder’s death. A few years later, Steve stepped down from the position.
In 2016, Steve was elected the chief executive officer of Donald Trump’s campaign. Once Trump won the election, Steve became the president’s chief strategist and senior counselor.
Because of Steve’s ideology, hiring him drew a lot of attention from several organizations, such as the Council on American-Islamic Relations and the Anti-defamation League.
Opinions against him grew more after his role in Executive Order 13769, which restricted travel and immigration from certain countries.
In the end, 169 Democratic House representatives signed and sent a letter to President Trump requesting Steve be dismissed from his role in the White House.
Eventually, he was removed from his post.
Steve Bannon Net Worth Growth
|Investment banking, film production
|Investment banking, media ventures
|Investment banking, media ventures
|Political consulting, media ventures
|Political consulting, media ventures
Steve Bannon Net Worth 2023
As of May 2023, Steve Bannon has a net worth of approximately $20 million.
His work as an inventor secured him a comfortable living, but his work as the former chief strategist for the president made him even richer.
Frequently Asked Questions (FAQs)
How Long Did Steve Bannon Serve?
Steve served four months in prison and paid a $6,500 fee for contempt of Congress after defying a subpoena.
How Old Is Steve Bannon Today?
As of May 2023, Steve Bannon is 69 years old.
You Can Multitask
One of the most admirable things about Steve’s story is that he could easily multitask and improve himself.
He joined the navy for seven whole years, yet that didn’t stop him from seeking to further his education.
Think About Your Opinions Properly
As you can tell, Steve seems like a brilliant man. He made solid investment decisions and climbed the ladder until he was in the White House.
Yet, the main reason he fell from grace is his radical opinions. His statements sound controversial at best and downright racist at worst. And sadly, he captained a website that supported such ideas.
Don’t Be Afraid to Speak Up
Even though Steve’s opinions aren’t the best to hold or hear, he’s still a great example of how to stand up for what you believe in. No matter how angry the public was at him, he didn’t back down.
That’s certainly a good trait to follow, but only when your statements are true, don’t insult or harm anybody, and are well-informed.