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A successful business magnate, Steve Wynn has an estimated net worth of $3 billion. Born Stephen Alan Weinberg on January 27, 1942 in New Haven, Connecticut, his family had to change their name to Wynn when he was 4 years old to avoid anti-Jewish discrimination. He had his first business experience when he took over a string of East Coast bingo parlors upon the death of his father due to heart problems who left $350,000 in gambling debts. Within just a year, he managed to expand the company.
Wynn is known for his involvement in the American luxury casino and hotel industry in Las Vegas and Atlantic City. These include the Golden Nugget, the Golden Nugget Atlantic City, The Mirage, Treasure Island, the Bellagio, and Beau Rivage in Mississippi. He even played a pivotal role in the resurgence and expansion of the Las Vegas Strip in the 1990s.
Steve Wynn owns Wynn Resorts Ltd., an American publicly traded company that specializes on building and refurbishing infrastructures and resorts. He served as its Chief Executive Officer and Chairman of the Board until February 6, 2018 when he announced his resignation because dozens of women accused him of sexual misconduct. He denied all the allegations, claiming they're part of a smear campaign led by his ex-wife, Elaine Wynn, with whom he co-founded Wynn Resorts in 2002.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2013 |
Asset |
Value of Jeff Koons’s PopeyeP that he acquired (the work was on display at Wynn Las Vegas) |
$28,000,000 |
|
2012 |
Asset |
Value of Le Rêve upon sale to Steven A. Cohen |
$155,000,000 |
|
2011 |
Asset |
Estimated value of Jeff Koons’s Tulips that Wynn Resort acquired at an auction |
$33,600,000 |
|
2011 |
Lawsuit Settlement |
Ammended amount awarded in a defamation claim involving Joe Francis again in compensatory and punitive damages (original amount at $40 million) |
$19,000,000 |
|
2008 |
Asset |
Value of Rembrandt's Man with His Arms Akimbo he bought |
$33,200,000 |
|
2005 |
Asset |
Value of J. M. W. Turner’s Giudecca, La Donna Della Salute and San Giorgio he acquired via an anonymous telephone auction |
$35,800,000 |
|
2003 |
Asset |
Value of Vermeer's A Young Woman Seated at the Virginals he purchased at a Sotheby's auction |
$30,000,000 |
|
2001 |
Sale of Asset |
Value of Mirage Resorts upon sale to MGM Grand Inc. ($21 per share) to form MGM Mirage |
$6,600,000,000 |
|
2001 |
Lawsuit Settlement |
Amount awarded in a defamation case filed against Girls Gone Wild producer Joe Francis |
$7,500,000 |
|
1999 |
Asset |
Value of Desert Inn that he purchased five weeks before the Mirage Resorts and MGM Grand deal was closed |
$270,000,000 |
|
1996 |
Lawsuit Settlement |
Initial amount awarded in a defamation case filed against Barricade Books over the catalog description of an unauthorized biography Running Scared by John L. Smith |
$3,200,000 |
|
1986 |
Sale of Asset |
Value of his Atlantic City Golden Nugget casino upon sale |
$440,000,000 |