Steve Bannon Net Worth 2022 – Salary, Income, Earnings

Steve Bannon Net Worth 

Steve Bannon has an estimated net worth of $20 million. Steve Bannon is the former executive chairman of Breitbart News. He also served as CEO of Donald Trump’s 2016 presidential campaign and as senior counselor to the 45th president. He earns most of his income from his career as a film director and producer. 

Steve Bannon was born and raised in Virginia and went on to become a naval officer before finding success in entertainment finance. After producing a series of politically charged documentaries, he was named executive chairman of the conservative Breitbart News Network in 2012.

Bannon was named CEO of Donald Trump’s presidential campaign in August 2016, and after Trump’s election victory, he served as a senior counselor to the president before returning to Breitbart in August 2017. Bannon was fired as executive chairman of Breitbart in January 2018 after excerpts from a book about the Trump White House were published in which he was quoted disparaging the president’s family.

To calculate the net worth of Steve Bannon, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Steve Bannon
Net Worth: $20 Million
Monthly Salary: $200 Thousand+
Annual Income: $3 Million
Source of Wealth: Screenwriter, Film Director, Film Producer

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Early Years and Military Service

Stephen Kevin Bannon was born in Norfolk, Virginia on November 27, 1953, and raised in nearby Richmond. He was the third of five children born to Doris and Martin, a telephone lineman, and later described his family as a “blue-collar, Irish Catholic, pro-Kennedy, pro-union Democratic family.”

Bannon attended Benedictine High School, then Virginia Tech, where he demonstrated a penchant for upsetting the political status quo by winning a heated race for student body president as a junior.

He joined the Navy after graduating in 1976, serving as an auxiliary engineer and navigator. He later worked as a special assistant to the chief of naval operations at the Pentagon and attended night classes at Georgetown University to earn his master’s degree in national security studies.

Finance and Entertainment Mogul

Bannon graduated from Harvard Business School in 1985 and then worked for Goldman Sachs as a mergers and acquisitions banker. He founded Bannon & Co., a boutique investment bank specializing in media, in 1990. He quickly arranged a deal that gave him a stake in a then-unknown TV show called Seinfeld, which eventually generated massive profits through syndication.

After selling his company in 1998, Bannon became a partner in The Firm, an entertainment production and management firm. He also made time for his own creative pursuits, adapting a book about Ronald Reagan into the 2004 biopic In the Face of Evil.

Bannon became the CEO of an online gaming company, but his focus shifted to political matters, particularly in the aftermath of the 2008 financial collapse. He made a number of political documentaries, including Battle for America (2010), about the rise of the Tea Party, and The Undefeated (2011), about 2008 vice presidential candidate Sarah Palin. He also founded the Government Accountability Institute, a conservative research organization (GAI).

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Breitbart News Chairman

Meanwhile, Bannon had grown close to conservative writer and editor Andrew Breitbart, who launched his own website in 2007. Bannon joined the board of Breitbart News Network in 2011, and after the sudden death of its founder in 2012, he became executive chairman.

Under Bannon’s leadership, Breitbart shifted to the right, publishing anti-immigrant articles, mocking political correctness, and criticizing Republican elites, including former House Speaker John Boehner. Along with inflammatory headlines, the site featured a comments section where white nationalists voiced their opinions.

While remaining off the mainstream radar, Breitbart continued to grow its audience through social media and international expansion. Bannon began hosting the radio talk show “Breitbart News Daily” in 2015, which quickly became a forum for alt-right grievances and frequently featured Donald Trump, who was then in the early stages of his fledgling presidential campaign.

Trump Adviser

Bannon was introduced to the general public as the CEO of Trump’s presidential campaign in August 2016. Although the move was met with skepticism, Bannon helped to sharpen Trump’s populist message, emphasizing fear of open borders and distrust of Trump’s opponent, Democratic candidate Hillary Clinton. Trump’s strategy worked, as he stunned the mainstream media with his stunning Election Day victory in November.

Bannon was named senior counselor to the new president and reportedly spearheaded many of Trump’s initial executive orders, including the controversial ban on immigrants from seven predominantly Muslim countries. In addition, in January 2017, he was appointed to the powerful National Security Council, a position that had previously been reserved for presidential advisers. He was demoted from his permanent seat in an April 2017 reorganization, but he kept his security clearance.

On February 23, 2017, Bannon made a rare public appearance alongside White House Chief of Staff Reince Priebus at the conservative political conference CPAC. The Trump administration’s agenda, according to Bannon, is focused on “national security and sovereignty,” “economic nationalism,” and “deconstruction of the administrative state.” He also referred to the mainstream media as “the opposition party,” claiming that the Trump administration was committed to carrying out the president’s campaign promises.

During the turbulent early months of the administration, which saw the resignations of key staffers like National Security Advisor Michael Flynn, Press Secretary Sean Spicer, and Priebus, Bannon reportedly clashed frequently with other White House advisers and Trump family members.

Bannon also left the administration on August 18, 2017, following what the White House described as a mutual agreement between Bannon and new Chief of Staff John Kelly.

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Outside the White House  

On the same day that Bannon left the White House, Breitbart announced that he would resume his duties as executive chairman of the organization, and he returned immediately to lead an editorial meeting. “If there’s any confusion, let me clear it up: I’m leaving the White House and going to war for Trump against his opponents — on Capitol Hill, in the media, and in corporate America,” Bannon told Bloomberg.

Bannon went all-in to campaign for former Alabama Supreme Court Justice Roy Moore in a special election to fill a U.S. Senate seat, despite Trump’s support for the establishment pick, former Alabama Attorney General Luther Strange. Moore’s victory in the Republican primary was framed as a “victory for Trumpism,” and the president eventually endorsed the fiery candidate. Moore, however, was derailed by allegations of inappropriate behavior with teenage girls before losing a close race to Democrat Doug Jones in December 2017, raising questions about Bannon’s political clout.

Trump Book and Departure From Breitbart

With the publication of Michael Wolff’s Fire and Fury: Inside the Trump White House, Bannon found himself on even shakier ground to begin 2018. Bannon described a June 2016 Trump Tower meeting between a Russian lawyer and Donald Trump Jr., the president’s son-in-law, Jared Kushner, and then-campaign chairman Paul Manafort as “treasonous” and “unpatriotic” in the book.

Following that, the president chastised his former adviser in a strongly worded statement. “Steve Bannon is unrelated to me or my presidency. He not only lost his job when he was fired, but he also lost his mind “He stated.

Bannon attempted to mend fences with the Trump family, calling Don Jr. a “patriot and a good man,” but his remarks enraged powerful Trump supporters like Breitbart investor Rebekah Mercer. Breitbart News announced on January 9, 2018, that Bannon would step down as executive chairman and would work with the company to ensure a “smooth and orderly transition.”

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Special Counsel and House Testimonies

Around the same time, it was revealed that special counsel Robert Mueller had subpoenaed Bannon to testify before a grand jury as part of his investigation into Trump’s associates’ ties to Russian agents. It was the first time Mueller had subpoenaed a member of the president’s inner circle.

In addition, Bannon was summoned to appear before the House Intelligence Committee on January 16, which was conducting its own Russian investigation. The 10-hour meeting reportedly became heated, with Bannon repeatedly citing executive privilege in order to avoid answering questions. Following that, House Democrats accused the White House of putting pressure on the former presidential adviser to remain silent.

Bannon took his time returning to the House Intelligence Committee, and when he did, he irritated members on both sides of the aisle by only answering 25 pre-written questions approved by the White House. That same week, he reportedly spent approximately 20 hours with special counsel Mueller’s team over the course of two days, cooperating with the questioning.

Documentary and ‘War Room’ Radio Show

Bannon spent much of the next year rallying support and promising political candidates to back his populist agenda, a process documented in Alison Klayman’s 2019 documentary The Brink.

As the impeachment investigation into President Trump gained traction in the House of Representatives that October, Bannon launched a new radio show, War Room: Impeachment, from the basement of his Capitol Hill home. As co-host of the daily show, Bannon aimed to persuade the president and his allies to take a more aggressive, focused approach to dealing with the serious allegations leveled by House Democrats.

Arrest and Pardon

Bannon and three others were arrested in August 2020 after federal prosecutors in New York charged them with conspiracy to commit wire fraud and money laundering. Bannon and others have been accused of defrauding donors out of over a million dollars during a fundraising campaign ostensibly to support Trump’s border wall.

Trump pardoned Bannon on January 19, 2021, just hours before leaving office.

Further Reading

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