10 Things You Didn’t Know About Steve Wynn

Steve Wynn is a celebrity singer, songwriter and musician who leads a very interesting life. He’s done a little bit of everything in his life, and he’s particularly recognized for his involvement in the American luxury hotel and casino industry. We looked into the history and career of the 77 year old entrepreneur and learned a great deal about him that most people are not aware of. Here are ten things that most of you probably didn’t know about Steve Wynn

1. His last name isn’t really Wynn

Steve was born on January 27th of 1942. His birth name is Stephen Alan Weinberg and he was born in New Haven, Connecticut. He is a current resident of Las Vegas, Nevada which comes as no big surprise because of his heavy involvement in the casino and hotel industry.

2. He recently stepped down as CEO of Wynn Resorts

Even though he’s the owner of Wynn Resorts, he was forced to step down as the leader of the business. He was recently accused by dozens of women of sexual misconduct. The allegations ranged from forcible assault as a female employee accused him of forcing her to have sex with him to harassment. Mr. Wynn has denied all of these allegations but it still affected his professional life and his reputation. He not only stepped down from his CEO post, the University of Pennsylvania also revoked his honorary degree from the school and they removed his name from a plaza on their campus. These recent events took place in 2018.

3. He had a major influence on pop culture

Here is an interesting fact that we discovered about Steve Wynn that we didn’t previously know. One of the characters in the Ocean’s Trilogy was loosely based upon the life of Steve Wynn. Terry Benedict, played by Andy Garcia who established two similar casinos as Wynn who is the developer of the Bellagio and the Mirage, and also had an extensive art collection as does Wynn.

4. He gave up a position at Yale to attend to family matters

Steve attended the University of Pennsylvania and earned his bachelor of arts degree in English Literature. He was on track to attend Yale Law School, but his father died from heart complications. He left behind huge debts in the sum of $350,000 which were related to gambling. Wynn was forced to relinquish the position at Yale to attend to the family business and he took over the bingo parlors which were owned by the family and then expanded the family company within a single year.

5. He’s a big time art collector

Steve Wynn knows his art and he’s reputed as being a connoisseur of fine collectible Turner’s Giudecca art pieces. He has purchased several rare pieces by Andy Warhol, Johannes Vermeer, Vincent van Gogh, Edouard Manet, Henri Matisse, Pablo Picasso, Paul Cezanne, Julian Hatton and Paul Gauguin. He bought a $30 million Vermeer painting at a Sotheby’s auction along with several other multi-million dollar pieces. He also has a $33.2 million painting of Rembrandt’s Man with His Arms Akimbo among his massive collection.

6. Steve Wynn is also a citizen of Monaco

Prince Albert II of Monaco did something a bit unusual for the ruler. In 2010, he bestowed citizenship to Steve Wynn. Even though Steve was not eligible for such an honor because he didn’t meet the established prerequisites, he was granted citizenship under the condition that he serve as an outside director of a hotel management group that involves dealings with Monaco and Qatar as well as Europe, the Middle East and North America.

7. He fought back against slander

James Chanos, hedge fund manager accused Steve Wynn of violating the Foreign Corrupt Practices Act in 2014.Wynn didn’t take these charges lying down. He fought back and filed a slander suit against Chanos. The lawsuit was dismissed by a US District Court Judge and Wynn was ordered to pay legal fees for Chanos in the event. He tried to appeal the decision by that also was rejected. Even though he didn’t win, he fought back. The judges ruled that Chanos had the right to free speech and that his remarks were protected under the Constitution of the United States.

8. Wynn has supported both political parties

Wynn has made sizable donations to both the Democratic and Republican Parties. He was an Obama supporter in the 2008 election but was disappointed with the president’s economic policies. He supported the Republican party financially from 2012 through 2018, making donations that tallied into the millions. He became a vice chairman of Trump’s inauguration committee. Although named as the finance chairman for the Republican National Committee and selected by Trump himself, he was forced to resign in 2018 amid the sexual misconduct allegations.

9. His daughter was kidnapped in 1993

Steve Wynn has gone through a nightmare that many wealthy families are concerned with. In 1993 his daughter Kevyn was kidnapped. The kidnappers demanded a ranson for her safe return. Wynn paid them $1.45 million and his daughter was found unharmed several hours after the kidnappers were apprehended when trying to buy an expensive Ferrari.

10. Steve is a vegan

Wynn adopted a vegan diet after he heard that eating meat carried with it a host of health and environmental consequences. He even announced that all of his restaurants would add animal free menus to their traditional offerings to accommodate vegan diners.

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