What Is Steve Bannon Net Worth?

Steve Bannon, the American media executive, political strategist, and former White House chief strategist, has a net worth of approximately $20 million. He is widely known for his role as chief strategist for Donald Trump during the first seven months of Trump’s presidency and as the former executive chairman of the far-right news website Breitbart News. Bannon also served on the board of the now-defunct data analytics firm Cambridge Analytica.

Steve Bannon Net Worth	$20 Million
Date of Birth	November 27, 1953
Place of Birth	Norfolk, Virginia
Nationality	American
Career	Media executive, political strategist, and former White House chief strategist

Table of Contents

Early Life

Stephen Kevin Bannon was born on November 27, 1953, in Norfolk, Virginia, to Doris, a homemaker, and Martin Bannon, a telephone lineman. He is of Irish and partial German descent. Bannon attended the Catholic military school Benedictine College Preparatory in Richmond and later studied urban planning at Virginia Tech. During summers, he worked at a local junkyard. After college, he served as an officer in the U.S. Navy for seven years and earned a master’s degree in national security studies from Georgetown University and an MBA from Harvard Business School.

Early Career

After leaving the Navy, Bannon worked as an investment banker at Goldman Sachs in mergers and acquisitions, before moving to Los Angeles in 1987. In 1990, he co-founded the boutique investment bank Bannon & Co., which specialized in media and entertainment deals. One notable deal involved the NBC sitcom Seinfeld, for which Bannon and his partners reportedly received a 1% stake in syndication rights—a portion that could have earned him around $50 million over decades as the show became highly lucrative.

Bannon also worked in Hollywood, serving as an executive producer on films like Titus and The Indian Runner and producing conservative documentaries such as The Undefeated and Occupy Unmasked. He was acting director of the experimental earth science project Biosphere 2 and later became involved in multiple media ventures, including Affinity Media and The Firm, Inc.

Political Career

In August 2016, Bannon became CEO of Donald Trump’s presidential campaign and, following Trump’s victory, was appointed chief strategist and senior counselor in the White House. He played a key role in shaping policies and executive orders, including those on immigration. Bannon left the White House in August 2017 after seven months in the position.

After his White House tenure, he toured Europe promoting far-right political movements and remained active in conservative media. In 2020, he was arrested in connection with the We Build the Wall fundraising campaign but later pardoned by Trump before trial. In 2021, he was held in criminal contempt of Congress for defying a subpoena related to the January 6 Capitol attack investigation.

Finances and Business Interests

Financial disclosures during his time in government revealed that Bannon earned hundreds of thousands of dollars from consulting with conservative media organizations. His firm, Bannon Strategic Advisors Inc., was valued between $5 million and $25 million, and he held personal bank accounts totaling up to $2.25 million. Bannon also owns real estate estimated at $10.5 million.

One of the most unusual sources of his wealth comes from his early involvement in Seinfeld syndication rights, which reportedly contributed substantially to his net worth.

Personal Life

Steve Bannon has been married multiple times. His first wife, Cathleen Suzanne Houff, bore him a daughter named Maureen. He married investment banker Mary Louise Piccard in 1995 and had twin daughters before their 1997 divorce, which included legal issues such as misdemeanor domestic violence and battery charges. In 2006, he married Diane Clohesy, divorcing in 2009.

Bannon is a controversial figure known for his populist, nationalist, and anti-immigration views. He denies climate change and advocates far-right policies both in the U.S. and internationally.