He was the second most influential and powerful political pundit in Washington and former chief strategist and senior counsel to President Donald Trump, giving him a very strong influence in the White House and the United States as a whole. But today Steve Bannon is not as powerful as he once was, and many have wondered how he fell from grace. Let’s take a look at his biography, his career, why he was fired by President Donald Trump, and other fascinating details about him. Stay tuned for more!
Steve Bannon Bio
American political strategist, media manager, banker, and filmmaker Stephen Kelvin Bannon, popularly known as Steve Bannon, was born in Norfolk, Virginia, United States of America, on November 27, 1953. He was born the son of Irish Catholic parents Martin Jr. and Doris Bannon; his father Martin worked as a telephone operator and later as a temporary manager while his mother was a housewife.
Steve Bannon attended the Benedictine College Preparatory, an all-male Catholic private military school, and graduated in 1971. He was then admitted to the prestigious Virginia Tech College of Agriculture and Urban Studies to study urban affairs and planning. During his school years, Bannon was always politically inclined, which led him to run for the office of student government president, which he won. He graduated with a B.A. in Urban Affairs and Planning in 1976.
Upon graduation, Steve Bannon joined the U.S. Navy and served as Special Assistant to the Chief of Naval Operations at the U.S. Department of Defense’s headquarters at the Pentagon. Although still serving in the Navy in Washington, D.C., Bannon earned a master’s degree in National Security Studies from Georgetown University in 1983. His education there not only ended as it did in 1985, but he also earned a master’s degree in business administration (specializing in media and entertainment) from the prestigious Harvard Business School.
Steve Bannon Career
If one follows the chronological sequence of his career, one finds that Steve Bannon began his career after his military service in the U.S. Navy. It began between 1973 and 1980 when he served as an officer in the surface warfare and assistant to the Chief of Naval Operations at the Pentagon and was even deployed to support Operation Eagle Claw during the Iran crisis, before resigning as a lieutenant in 1980.
Bannon later secured a position as an investment banker with Goldman Sachs in the Mergers and Acquisition Unit but eventually left Goldman Sachs as Vice President after helping the company expand in the entertainment business. In 1990, Steven Bannon founded Bannon & Co, an investment bank focused exclusively on media and entertainment. This paved the way for his filmmaking career with The Indian Runner, his first executive producer.
In 1999, he was co-executive producer of the film Titus, an adaptation of William Shakespeare’s Titus Andronicus. He also directed and co-produced a documentary film entitled In the Face of Evil, a documentary based on Peter Schweizer’s book Reagan’s War, which was followed by several other films including Cochise County USA: Chips from the Border, Border War: The Battle Over Illegal Immigration and Tradition Never Graduates: A Season Inside Notre Dame Football, which are some of many of his films.
Steve Bannon was also a founding member of Breitbart News and became Managing Director of Breitbart News following the death of founder Audrey Breitbart in 2012. However, he resigned from his position on January 9, 2018.
It would definitely not be a complete career schedule if Bannon’s political career remained uncounted. His journey began when he was appointed Executive Director of Donald Trump’s presidential campaign on August 17, 2016. Following Donald Trump’s victory over Democratic presidential candidate Hillary Clinton, Steve Bannon was appointed chief strategist and senior counsel to the president on November 13, 2017.
After a few weeks in the White House, Steve Bannon was later appointed as a key member of the National Security Council – a move that attracted high-level criticism. He was later removed from the National Security Council in April 2017.
Steve Bannon was very influential in President Donald Trump’s first year in office, and he was arguably the second most influential and powerful political pundit in the United States of America, who was also the mastermind behind many of the controversies in the White House that favored the Trump administration at the time.
Termination: Why Was Steve Bannon Fired?
According to an official statement by U.S. Press Secretary Sarah Huckabee Sanders, Sarah Huckabee Sanders made it clear in an August 8, 2017 statement on the dismissal of Steven Bannon that it was a mutual agreement between U.S. Chief of Staff John Kelly and Steve Bannon. However, the story is not as simple as Sarah presented, as sources later revealed that Steve Bannon was dismissed because of his testimony that the President’s son, Donald Trump Jr.
Another reason why Steven Bannon was dismissed was related to his interview with liberal journalist Robert Kuttner, in which he criticized some of his rivals in the government, contradicted Trump’s declared policy on North Korea, and talked about his plans to restructure the State Department staff. The first-rate strategist definitely crossed some boundaries with his statements, and before he could make amends, he was out of the picture.
Net Worth: How Much Is He Worth?
Steve Bannon’s net worth is estimated at up to $48 million, which is definitely no surprise since he is a man who has been involved in many ventures over the years. He started with smaller jobs, but eventually became a household name in the entertainment industry, in baking investments, and even in politics. Sources also linked his net assets to his companies and real estate.
Family: Wives & Children
Steve Bannon married Cathleen Suzanne Houff in 1988, with whom he has a daughter named Maureen, but unfortunately, the marriage ended that same year.
In April 1995, Bannon married Mary Louise Piccard, a former investment banker, for the second time and had twin daughters born three days after their marriage. But like the first, this one ended in divorce after two years.
After two failed marriages, Steve Bannon tried his luck again in 2006 by entering into marriage with Diane Clohesy, an Irish woman. However, the union was a disaster as Diane struggled with hard substances and drug abuse. Finally, they decided to end the marriage in 2009.