Stephen Alan Wynn, popularly known as Steve Wynn, is an American businessman and art collector. He is best known for his business ventures involving luxury hotels and casinos. He owns a chain of hotels and casinos all over the United States like Wynn Resorts, Gold Nugget Atlantic City, The Mirage, The Bellagio and many others. Steve, who is very close to current US President Donald Trump, despite his previous legal feud with him, also served in the finance chair of Republican National Community until the beginning of 2018. He was personally selected by the president for the position.
Born on 27th January 1942, the 76-year-old is the 289th wealthiest person in the United States according to Forbes and has an estimated net worth of $3.5 billion as of 2018. Moreover, he also has been ranked 248 and 814 in the Forbes list of 400 Billionaires in the world.
Here we are going to share with you some interesting information about the businessman's net worth, career, awards. Continue reading to find out more.
Steve Wynn Net Worth, hotels, Casinos, Art
The estimated net worth of businessman Steve Wynn as of 2018 is $3.5 billion. Back in 2015, his estimated net worth was $2.4 billion. His major source of income is his casino empire and luxury hotels that are spread throughout the world.
Wynn is the person who built the most expensive casino resort in the world back in 1989. His The Mirage, in Las Vegas, was built at the cost of $630 million back then. Later, he broke his record by building Treasure Island and Bellagio in 1993 and 1998 costing whopping $1.6 billion.
Apart from his involvement in hotels and casinos, he also is an avid art collector and owns some of the most antique and expensive artworks aging centuries. He loves to display these artworks in his homes and casinos.
He also earns a hefty sum of money just by reselling the arts he bought. In 2004, he became the first person to buy a Vermeer painting in 80 years after he purchased Vermeer's A Young Woman Seated at the Virginals for $30 million. He sold the art later for the same price to the Leiden Collection.
Back in 2012, he also purchased Jeff Koons' Tulips at an auction for around $33.6 million. The artwork was displayed at Wynn Resort in Los Vegas.
Jeff Koons' Tulips displayed at Wynn Resorts
Source: Las Vegas Weekly
In 2001, he also acquired the Le Reve, a Picasso portrait which he was all set to sell in 2006 for a massive $139 million. However, because of a minor accident, the sale was canceled, and the art was repaired for $90,000 and was later was sold for $155 million after a legal battle.
Wynn’s enormous net worth has made him the owner of many luxurious properties, including a stunning 4,500 square foot plush residence in Las Vegas. He also owns a 5,613 square foot Plaza condominium. Apart from that, he is also the owner of the 56-meter yacht Allegro. Wynn replaced his Gulfstream G650 jet plane with a Gulfstream G650ER in 2015. The twin-engine business jet, produced by Gulfstream Aerospace, costs around $70,000,000. However, customizing it to suit personal tastes costs additional money.
Steve Wynn with his Picasso Le Reve