Steven Mnuchin is a well-known American banker who is currently the U.S. Secretary of the Treasury. He began his career by working for Goldman Sachs Bank for 17 years. Mnuchin is also a former hedge fund manager and has produced films. For a brief period, he was the vice-chairman of ESL Investments. He is the founder of Dune Capital Management, which is a hedge fund. Let’s find out more about how much is Steven Mnuchin’s net worth in 2018.
Steven Mnuchin Early Life
Steven Terner Mnuchin was born to Elaine Terner Cooper and Robert E. Mnuchin in New York City, New York on December 21, 1962. He was the second-youngest child in the family.
He completed his schooling from Riverdale Country School located in New York City, and for his college, Mnuchin attended Yale University. In college, he was the publisher of ‘Yale Daily News’.
Steven Mnuchin has been married three times. From 1992 to 1999, he was married to Kathryn Leigh McCarver. He then got married to Heather deForest Crosby in 1999. The couple divorced in 2014. With her, she has three children named Emma Mnuchin, John Mnuchin, and Dylan Mnuchin. In June 2017, he got married to actress Louise Linton.
He serves in the board member of Riverdale Country School and is in Yale University’s development board.
Steven Mnuchin Career, Awards & Achievement
In 1985, Steven Mnuchin began working for Goldman Sachs. He first started with the mortgage department and went on to become a partner in 1994. During his career with Goldman, he was the head of Mortgage Securities Department, Member of the Executive Committee, Chief Information Officer, and Executive Vice President. He left the company in 2002.
In 2002, Mnuchin became the vice-president of ESL Investments. He then co-founded the company called ‘SFM Capital Management’. He is also the founder of the hedge fund Dune Capital Management.
In 2009, he and his group bought IndyMac. He then became the chairman and CEO of IndyMac, which was later renamed as OneWest. In 2015, he sold OneWest for $3.4 billion to CIT Group.
Mnuchin is the founder of RatPac-Dune Entertainment, which has produced many notable films including ‘Avatar’ and ‘X-Men’ film series. He has served as the executive producer of many films including ‘The Lego Movie’, ‘Annabelle’, ‘American Sniper’, ‘Winter’s Tale’, ‘Mad Max: Fury Road’, ‘In the Heart of the Sea’, ‘Lights Out’, ‘Suicide Squad’, and ‘Wonder Woman’.
In 2016, he was announced as the Secretary of the Treasury by President-elect Donald Trump.
Awards & Achievements
One of the biggest career achievements of Steven Mnuchin is to be the 77th United States Secretary of the Treasury. He also had a successful career as a businessman and has produced many blockbuster movies. By being an employer of Goldman Sachs, Mnuchin went on to become its partner. He has also held several important positions in various companies.
Net Worth of Steven Mnuchin
Steven Mnuchin has an estimated net worth of more than $400 million. He makes his wealth by getting involved in various ventures. He owns shares worth millions in many companies including CIT Group and Goldman Sachs. He has also successfully produced many movies which have been hit on the box-office.
Steven Mnuchin is considered one of the most popular bankers and hedge fund managers in the United States. He has owned and found many companies and has served in its top position. He is also involved in various philanthropic causes and has donated to the non-profit youth organization called ‘Junior Achievement’. Mnuchin is also a Democratic donor and has donated in many campaigns for various Democrats. He was also the national finance chairman of the presidential campaign of Donald Trump in 2016.