Sun. Jul 14th, 2024

Steven Mnuchin Net Worth | Celebrity Net Worth

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What is Steven Mnuchin’s net worth?

Steven Mnuchin is an American banker, film producer and hedge fund manager who has a net worth of $400 million. He also served as the 77th United States Secretary of the Treasury under President Donald Trump. He was confirmed by the United States Senate in February 2017 and served during the remainder of Trump’s term until January 20, 2021.

early life

Steven Mnuchin was born in December 1962 in New York City, New York.

A 2020 New York Magazine article stated that: “Mnuchin was not born at third base as much as a few inches to the left of home plate.

His father, Robert Mnuchin, worked at Goldman Sachs for 33 years, beginning in 1957. He was named general partner in 1967 and was a member of the management committee and ran Goldman’s equity division until the 1990s. Robert is also a notable art dealer and collector. He opened a gallery called C&M Arts in 1992 with LA-based dealer James Corcoran. The gallery was renamed to L&M Arts in 2005 when he partnered with Dominic Levy. However, he left the partnership in 2013. In May 2019, Robert’s Gallery facilitated the purchase of a 1986 Jeff Koons stainless steel “Rabbit”, which sold at auction for $91 million. Robert was the broker for the buyer, who eventually turned out to be billionaire/Mets owner Steven A. Cohen.

Steven’s mother was a longtime investor with Bernie Madoff. After his mother’s death in 2005, Steven liquidated his Madoff accounts, earning a profit of approximately $3.2 million. When Madoff is later revealed to be a colossal fraud, there was a question as to whether Steven and his siblings would have to pay the benefits. Ultimately a court ruled that the victim’s trust could only return money that was cashed within two years of Madoff’s December 2008 bankruptcy.

Steven attended Yale where he was a member of the Skull and Bones secret society. He reportedly drove a new Porsche from the new year.

finance career

After graduating from Yale in 1985, Steven Mnuchin worked at Goldman Sachs. He lived there for 17 years. He served as the bank’s chief information officer before leaving to found several hedge funds. He also served as Head of Mortgage Securities Division, Executive Vice President and others at Goldman Sachs.

Mnuchin bought IndyMac during the financial crisis of 2007–08. He changed the name of the company to OneWest Bank before selling it to CIT Group in 2015.

financial disclosure

In his latest financial disclosure while serving as Secretary of the Treasury, Steven Mnuchin estimated his net worth to be approximately $400 million. The disclosure revealed that he had approximately $95 million worth of real estate and a $150 million stake in the bank CIT Group.

Mark Wilson / Getty Images

political career

Mnuchin served as national finance chairman for Trump’s 2016 presidential campaign. Passing the Senate confirmation vote in February 2017, he was nominated by Trump to be Secretary of the Treasury.

Mnuchin remained in office during the remainder of Trump’s presidency.

film production

Mnuchin co-founded Ratpac-Dune Entertainment in 2004. Through this partnership he produced several films including The Lego Movie, Age of Tomorrow, Get Hard, Mad Max: Fury Road, Vacation, Black Mass, The Intern, Batman v Superman: Dawn. Justice, Central Intelligence, Wonder Woman, and more.

personal life

Steven has been married several times. He was married to Katherine Leigh McCarver from 1992 to 1999. The year their divorce was finalized, he married Heather DeForest Crosby. They had three children before their divorce in 2014.

Steven met actress Louise Linton in 2013 at a wedding in Los Angeles. They dated for two years before getting engaged in 2015. They married in 2017. Mike Pence, who was then Vice President, presided over the wedding ceremony. Steven is 18 years older than Lewis.

real estate

In 2009 Steven paid $26.5 million for a house in Bel Air. This 1.22-acre property consists of a 9-bedroom 22,700 sq ft mansion.

In 2014, Steven paid $8.9 million for a house in Beverly Hills. He listed this home for sale in 2017 for $12 million. He accepted $11 million in October 2017.

In October 2021, Steven sold a New York City apartment at 740 Park Avenue that his father had bought in the 1960s. The sale price was $22.5 million. The unit has a monthly HOA fee of a little less than $20,000.

In 2017, before debuting as Secretary of State, Mnuchin paid $12.6 million for a house in Washington DC.

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