Steve Bannon Net Worth: How Did He Become Rich?

Born Stephen Kevin Bannon, he is a media personality, a political strategist as well as a retired investment banker. During the initial 7 months of the Trump administration, he served as the chief strategist of the White House.

Read the full article below to know Steven Bannon’s net worth, how he makes money, and the Capitol Riot controversy.

Steve Bannon’s Net Worth

According to Celebrity Net Worth, Steve Bannon has an estimated net worth of $20 million which he has earned over the years of his career. Before serving as the chief strategist of the White House, he was Breitbart’s executive chairman and also served on the Cambridge Analytica.

Steve Bannon’s Media and Political Career

During the early 1990s, Bannon started his career in the media world after he started becoming an executive producer of several films in the industry like “Titus” and “The Indian Runner.”

These projects helped Steve Bannon to go ahead with his career and built a good net worth. He then collaborated with Jeff Kwatinetz, an executive in the entertainment industry, at The Firm, Inc. in 2002. Then he went on to make a documentary named “In the Face of Evil” which later took him to Andrew Breitbart, a conservative journalist, and publisher who made comparisons between Bannon and Leni Riefenstahl.

He continued to make similar projects like “Occupy Unmasked” and “The Undefeated.” Bannon served as the CEO and chairman of Affinity Media from 2007 until 2011. 

Some of his well-known media endeavors include Steve becoming a founding member of the right-wing website Breitbart News which was involved in publishing racist, antisemitic, xenophobic, and sexist matters.

In 2012, Bannon was appointed to serve as the executive chair of the parent company of the website and then after his appointment at the White House, he got back to the position in 2017. He was dismissed from Breitbart in 2018 and later established a dark money organization named “Citizens of the American Republic.”

Steve Bannon has earned a lot of his net worth from his media career but let’s have a look at his political career as well.

Coming to his career in politics, he became chief executive of Trump’s presidential campaign in August 2016. After Trump’s victory, he was appointed as his chief strategist and senior counselor. In April 2017, he was eventually ousted from his position and ended up leaving the White House.

After that, he went on a tour to Europe in order to speak at several far-right political events, with the purpose of establishing a network of fascist parties worldwide. In August 2020, New York federal prosecutors charged him along with three other men for deceiving donors in a crowdfunding campaign that was reportedly raising funds for constructing a wall throughout the US-Mexico border.

Though he was pleading not guilty and Trump forgave him prior to his trial. Steve Bannon’s career in politics also made him capable of earning widespread recognition and net worth.

Capitol Riot Controversy

In September 2021, the US House Select Committee sent Steve a subpoena on the January 6 Insurrection and asked him to appear on the 14th of October. But when Bannon didn’t adhere, the House of Representatives voted to take him in “criminal contempt of Congress.” Later, he was referred to the Justice Department for future prosecution.

Born Stephen Kevin Bannon, he is a media personality, a political strategist as well as a retired investment banker
Steve Bannon

He gave heated speeches for weeks regarding his pending trial and at one point he even promised to go “medieval” over the prosecutors charging him for declining to adhere to a subpoena.

Bannon took the decision not to testify or mount any kind of defense once in court. On Friday, July 22, he was declared guilty of two counts of contempt of Congress.

The decision of the jury came after within 2 hours of discussion, a day following the clip of Steve emerging in a public hearing of the House committee he had dishonored. A clip of him was played by investigators where he was stating that Trump had prepared to announce his win in the 2020 election, notwithstanding the results.

Bannon also said “I stand with Trump and the Constitution,” adding further “I will never back off that.”

On Friday, in an interview with Fox News, Steve slammed the committee. He said “I would tell the Jan. 6 staff right now: Preserve your documents,” adding “because there’s going to be a real committee,” after Congress was taken over by Republicans.

A sentencing date in late October has been scheduled by Judge Carl J. Nichols however, Bannon’s lawyer, David I. Schoen stated his client would appeal the verdict.

Steve Bannon has earned a considerable net worth throughout his career but is sadly involved in a major controversy. Keep a watch on our website for more such updates.

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