Steve Bannon Net Worth 2022: Repudiation of Congress, Arrest, Social Media Ban!
Stephen Kevin Bannon is an American media executive, political strategist, and former investment banker. He was born on November 27, 1953.
During the first seven months of President Donald Trump’s administration, he worked as the chief strategist of the White House.
Early Life and Beginnings of Career
Stephen Bannon was born in Norfolk, Virginia on November 27, 1953, to Doris, a housewife, and Martin, a telephone lineman. He is partial to Irish and German heritage. Bannon attended Benedictine College Preparatory, a Catholic military school in Richmond, as a child.
Subsequently, he attended Virginia Tech and worked at a local scrap yard during the summers. After graduating from Virginia Tech with a degree in urban planning, he served for seven years as an officer in the US Navy.
He earned a master’s degree in national security studies from Georgetown University and an MBA from Harvard Business School during this time.
After leaving the Navy, Bannon worked as an investment banker in the Mergers and Acquisitions Department at Goldman Sachs. He relocated to Los Angeles in 1987 to support the company’s expansion into the entertainment business.
Three years later, Bannon and a few of his colleagues founded Bannon & Co., a boutique investment banking firm. While still managing the corporation, he became the director of the Arizona-based earth science research project Biosphere 2.
By the early 1990s, Bannon had become an executive producer for numerous Hollywood films, such as “The Indian Runner” and “Titus.” Later, in 2002, he formed a partnership with entertainment industry entrepreneur Jeff Kwatinetz at The Firm, Inc.
This led him to conservative journalist and publisher Andrew Breitbart, who likened Bannon to the Nazi director Leni Riefenstahl. Bannon subsequently financed and produced crazy, far-right films such as “The Undefeated” and “Occupy Unmasked.”
Between 2007 to 2011, he served as CEO and chairman of Affinity Media. In addition, he served as vice president of the board of Cambridge Analytica, which illegally targeted American voters in the 2016 presidential election using data analytics techniques.
Bannon was a founder member of Breitbart News, an extreme right-wing website that publishes virulently racist, xenophobic, antisemitic, and sexist content.
This is one of Bannon’s most infamous media projects. In 2012, he was appointed executive chairman of the website’s parent firm, a position he briefly resumed in 2017 after a brief stint in the White House. Bannon was fired from Breitbart in 2018. Subsequently, he established Citizens of the American Republic, a dark money group.
Bannon was appointed chief executive officer of Donald Trump’s presidential campaign in August of 2016. After the election of the latter, he became his top strategist and senior advisor.
Bannon, along with Stephen Miller, was instrumental in the crafting of the bigoted executive order that limited US travel and immigration from numerous Muslim-majority nations. In April of 2017, he was ultimately ousted from his position, and he left the White House permanently in August.
Following his departure from the White House, Bannon traveled to Europe to speak at various far-right political events in an effort to create a global network of fascist parties.
Later, in August of 2020, federal prosecutors in New York charged Bannon and three other men with scamming contributors in a massive crowdfunding campaign claiming to raise funds for the construction of a wall along the US-Mexico border. Bannon, who pleaded not guilty, was pardoned by Trump before his trial date.
US Postal Inspectors detained Steve Bannon aboard a 150-foot boat off the coast of Connecticut on August 20, 2020. The arrest of Bannon was related to a charity called “We Build the Wall.” Banon and many other suspected accomplices were detained for allegedly using charity funds for personal needs and purchases.
Guo Wengui, a Chinese billionaire and one of China’s most-wanted fugitives, is the owner of the yacht where Bannon was arrested. During the same week that he was arrested, multiple banks froze accounts associated with GTV Media Group’s fundraising activities.
Supposedly, Bannon and Wengui are the two major executives behind GTV, which raised $300 million through a private offering in the spring of 2020.
Social Media Ban
In November of 2020, after spreading death threats on social media against infectious disease researcher Anthony Fauci, Bannon was permanently banned from Twitter, just like his former employer Donald Trump.
What is the Net Worth of Steve Bannon?
The net worth of American media executive and political consultant Steve Bannon is $20 million according to celebritynetworth.com. Steve Bannon is most recognized for working as Donald Trump’s top strategist during the first seven months of Trump’s 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.
Bannon was arrested in 2020 and charged with conspiracy to conduct mail fraud and money laundering. The following year, he was held in contempt of Congress for refusing to comply with a subpoena probing the attack on the US Capitol on January 6, 2021.
Repudiation of Congress
In September 2021, Bannon received a subpoena to appear before the US House Select Committee on the January 6 Attack on October 14.
The House of Representatives voted to hold him in criminal contempt of Congress for failing to comply. He was then reported to the Department of Justice for possible prosecution.
Political Opinions and Personal Life
Bannon opposes immigration, denies climate change, and backs populist authoritarian forces in the United States and European nations.
Bannon has been married and divorced numerous times in his personal life. With his first wife, Cathleen Suzanne Houff, he had a daughter named Maureen.
In 1995, after his divorce, Bannon married former investment banker Mary Louise Piccard. The couple had twin children before separating in 1997. Bannon was charged with misdemeanor domestic abuse, battery, and witness intimidation during their marriage. He then wed Diane Clohesy in 2006; they divorced in 2009.