Profile
American media executive, political strategist, and former investment banker
#39 in Media today
Steve Bannon has a net worth of $72 million USD as of 2024. His wealth has tremendously increased in the past few years through his involvement with Trump.
This was possible, thanks to generous MAGA donations, his investments in Brietbart and gifts from Russia.
For example, Tax records shows that Bannon has equity in more than Ten energy companies in Russia. He also owns multiple assets in Hongkong.
The Trump Era
Prior to 2016, Bannon was just another media executive with assets valuing not more than $5 million. He was poorer than the likes of Ben Shapiro and Candace Owens.
After 2016 Victory, he used his office to grant profitable government contracts to his friends in exchange for equity in their businesses, possibly without the knowledge of Donald Trump.
Donations
During the last three years, Bannon has been subjected to numerous legal cases and is even convicted for a jail term.
Bannon’s team used this development to promote him as a victim of the Biden administration and started to accept donations from Republicans on the pretext of covering his legal fees.
Estimates suggest Bannon has received more than $10 million through such donations, similar to what Kyle Rittenhouse has done.
Steve Bannon Net Worth 2024 (Forbes)
| Net Worth | $72 Million |
| Annual Income | $5 Million |
| Inheritance | $190,000 |
| Anonymous Gifts | $2.61 Million |
| Cash in Bank | $18 Million |
Bannon’s Career
He is best known for his role as the executive chairman of Breitbart News, a far-right media outlet, which he used as a platform to advocate for nationalist and populist policies.
Bannon’s influence in conservative circles grew significantly during the 2016 presidential campaign, where he served as the CEO of Donald Trump’s campaign and played a crucial role in crafting its strategy and messaging.
Following Trump’s victory, Bannon was appointed as the Chief Strategist and Senior Counselor to the President.
During his time in the White House, he was a key architect of the administration’s nationalist agenda, focusing on issues such as immigration, trade protectionism, and dismantling the so-called “administrative state.”
However, his tenure was marked by internal conflicts and controversy, leading to his departure from the administration in August 2017.
After leaving the White House, Bannon continued to be a prominent figure in global far-right movements.
He has been involved in various political projects and campaigns across Europe, advocating for a nationalist and populist resurgence.
His efforts have included supporting like-minded political leaders and movements that challenge the traditional political establishment.
Conviction
Steve Bannon faced legal troubles in recent years, leading to a conviction and guilty verdict. This proves that his huge net worth is of no use infront of the Law.
In August 2020, Bannon was arrested and charged with fraud related to the “We Build the Wall” campaign, a crowdfunding effort purportedly intended to raise money for constructing a wall along the U.S.-Mexico border.
Prosecutors alleged that despite having such huge net worth, Bannon and three others defrauded donors, using a significant portion of the funds for personal expenses.
Bannon initially pleaded not guilty and was released on bail. However, his legal battles intensified when he was later found guilty on different charges.
In July 2022, he was convicted of contempt of Congress for defying a subpoena issued by the House Select Committee investigating the January 6 Capitol riot.
The committee sought Bannon’s testimony and documents, but he refused to comply, leading to the contempt charges.
In October 2022, Bannon was sentenced to four months in prison.