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home gossip American Political Figure Steve Bannon Has Managed a Good Net worth, Earns Well From His Profession

American Political Figure Steve Bannon Has Managed a Good Net worth, Earns Well From His Profession

Published Sun May 19 2019 By admin
American Political Figure Steve Bannon Has Managed a Good Net worth, Earns Well From His Profession

Steve Bannon full name Steven Kevin Bannon was born on November 27, 1953, in Norfolk, Virginia. Bannon is an American media executive, political figure, strategist, former investment banker, and the former executive chairman of Breitbart News. He was also a Chief Strategist in the administration of U.S. President Donald Trump during the first seven months of Trump's term. He was a co-founder and the vice-president of the board of Cambridge Analytica, the data-analytics firm of the Facebook–Cambridge Analytica data scandal. So, as you see he is into various things which helped him to amass a massive fortune. 

Steve Bannon's net worth and earnings

According to Forbes Steve's net worth is $48 million. Most of his fortune is in real state property and entertainment industry. Talking about his earnings He is the largest shareholder in his eponymous consulting firm, Bannon Strategic Advisors his shares being worth between $5 million to $25 million. 

Steve also has a film company worth between $1 million and $5 million. He first received notoriety for his role at Breitbart, where he served as executive chairman between 2012 and August 2016. According to reports, he earned a salary of $191,000 salary from the media outlet in 2016 only. 

Steve also received more than $61,000 from the Government Accountability Institute and made $125,000 from data analytics firm Cambridge Analytica during the same time period. 

Steve Bannon's earning from 'Seinfeld'

Ok, we could have covered it in the above heading but due to its story, we had to make a separate heading for it. 

In the 1990s he with his other fellows decided to form Bannon and co which was an investment bank. The bank was focused on media and later it administered several big Hollywood deals. 

Though, the deals the bank closed made Bannon a decent income one of those deals would become so lucky and made Bannon a fortune. 

In, around 1991, his client, Westinghouse Electric, asked Bannon to help him sell Castle Rock Entertainment which was the producing studio behind "Seinfeld."  Ted Turner, the founder of Turner Entertainment, was the one with whom the deal was closed but as turner didn's had enough cash so, Bannon decided to waive some of his fees in exchange for some ownership in five TV shows. 

One of those shows was 'Seinfeld' which later generated $3.1 billion by 2013, and if Bannon got even 1% then he would've made $31 million on syndication.