Steve Wynn is an American art collector as well as a real estate businessman. He rose to fame for his ventures in both casino and hotel industry. Subsequently, he has overseen the erection of some prominent hotels. They are mainly based in Atlantic City and Las Vegas. The hotels include the Golden Nugget, The Mirage Treasure Island, Beau Rivage and the Bellagio among others. Here is a quick summary of Steve Wynn’s net worth in 2019, career and earnings.
Steve Wynn was born in 1942 on 27th January as the son of Michael. His initial name was Stephen Alan Weinberg. When he opened his eyes for the first time, though not aware, he saw the landscape of New Haven, Connecticut. Why Wynn? Steve chose it when he was six to shield himself from the anti-Jewish discrimination that was in existence. Despite being born in New Haven, Wynn grew up in Utica, New York.
When the time came, he enrolled in The Manlius School. It is a private school exclusively for boys based in Syracuse, New York. He graduated in 1959. Subsequently, he joined the University of Pennsylvania. On completion, Wynn earned a Bachelor of Arts in English Literature.
Wynn became the husband of Elaine Farrell Pascal in 1963. However, their marriage ended in 1986. Five years later, they gave their decision a second thought, and they all agreed that their marriage deserved another chance. Therefore, they remarried only to go through another divorce process in 2010. Since 2002, Elaine had served as the director of the board of the family’s company. Her tenure came to an end in 2015.
The two have two daughters namely Gillian and Kevyn. Their daughters are now mothers who make Wynn a grandmother.
Since the 30th of April 2011, Steve has remarried to Andrea Danenza Hissom. As a result, he is now a stepfather to a recording artist as well as a model known as Nick Hissom.
Initially, Wynn worked at Yale Law School. He was left with no other choice but to abandon the position after the demise of his father. Consequently, he began to manage his family’s business. It was a line of bingo parlours. The company was in Waysons Corner, Maryland. His business skills are unquestionable given the fact that within his first year, he had expanded the business.
He became a stakeholder in the Frontier Hotel and Casino in 1967. In 1971, Wynn got a controlling interest in the Las Vegas’ Golden Nugget. He established the same in the Atlantic City. The company then acquired a casino in Laughlin, Nevada called Nevada Club in 1989. Consequently, it became the Golden Nugget Laughlin.
It was followed by the establishment of The Mirage which was opened in Las Vegas Strip in November of the year 1989. Others include Treasure Island, Bellagio, Beau Rivage, Wynn Las Vegas, Macau as well as the Encore hotels.
Awards & Achievements.
Wynn was the winner of the 2005 atlas Lifetime Achievement Award. According to Time magazine, he was one of the World’s 100 Most Influential People in 2006. His induction into the American Gaming Association Hall of Fame was in November that same year. That is just to mention a few.
Net Worth of Steve Wynn
Steve Wynn has an estimated net worth of around $2.9 billion. Wynn’s primary source of income is his business which was initiated by his late father. Over the years, he has managed to transform it into a greater one. He owns more than five luxurious hotels, and others are in progress. In addition to that, Wynn collects arts and resells them later.
The death of his father was the beginning of Steve Wynn’s rise to prominence. Despite being a saddening experience, it led to his exposure. With his skills, he entered his father’s shoes, and within a year he had taken it to the next level. He continues to do so up to date.