Steve Wynn

$3.86 B

Ranked #1085 in World

About Steve Wynn

Stephen Alan Wynn, an American real estate developer and art collector, is best known for his involvement in the luxury casino and hotel industry. Born in 1942 in New Haven, Connecticut, Wynn's early life was shaped by his family's chain of bingo parlors and his father's death, which led him to take charge of the family business. He made significant contributions to the casino industry, including the opening of The Mirage and Treasure Island in Las Vegas. Wynn also faced legal issues, including allegations of sexual misconduct. Despite controversy, Wynn's art collection and entrepreneurial success remain notable.

Born

January 27, 1942 in New Haven, Connecticut, U.S.

Age

84 years

Source Of Wealth

Casinos, Hotels

Industries

Gambling & Casinos

Citizenship

United States

Residence

Palm Beach, Florida

Education

Bachelor of Arts/Science, University of Pennsylvania

Spouse

Elaine Wynn (Married: 1963; Divorced: 1986), Andrea Hissom (Married: 2011)

Children

Stephen Alan Wynn, born Stephen Alan Weinberg on January 27, 1942, in New Haven, Connecticut, is an American real estate developer and art collector. His father owned a chain of bingo parlors in the eastern United States, while his mother hailed from Maine. To avoid anti-Jewish discrimination, the family changed their last name from "Weinberg" to "Wynn" in 1946. Raised in Utica, New York, Wynn graduated from The Manlius School in 1959 and went on to earn a Bachelor of Arts in English literature from the University of Pennsylvania. During his time at university, he was a member of the Sigma Alpha Mu fraternity. Upon his father's passing, Wynn relinquished a position at Yale Law School to take charge of the family's bingo parlor.

Steve Wynn: Family

Wynn has been married three times. His first marriage was to Elaine Farrell Pascal in 1963, with whom he had two daughters, Kevyn and Gillian. The couple divorced in 1986, but remarried in 1991 before divorcing again in 2010. In 2011, Wynn married Andrea Danenza Hissom. Tragically, in 1993, his daughter Kevyn was kidnapped and ransomed for $1.45 million.

Steve Wynn: Career Highlights

Wynn's career in the casino and hotel industry spans several decades. Here are some of his notable career highlights:

Frontier and the Golden Nugget (1967–1989): Wynn moved to Las Vegas in 1967 and purchased a small stake in the Frontier Hotel and Casino. He later gained control of the Golden Nugget Las Vegas, becoming the majority shareholder and youngest casino owner in Las Vegas at the time.
The Mirage and Treasure Island (1989–1997): Wynn opened The Mirage on the Las Vegas Strip in 1989, financed largely with high-yield bonds. The Mirage was known for its innovative features, including the use of security cameras on all table games. He also opened Treasure Island Hotel and Casino in 1993, featuring the first permanent Cirque du Soleil show in Las Vegas.
Bellagio and Beau Rivage debuts (1998–1999): Wynn's Bellagio resort, designed by Jon Jerde, opened in 1998 and quickly became a Las Vegas landmark, known for its iconic Fountains of Bellagio.
In 1999, he opened Beau Rivage in Biloxi, Mississippi, blending Mediterranean beauty with Southern hospitality.
Wynn Las Vegas and Macau (2000–2007): Wynn sold Mirage Resorts to MGM Grand Inc. in 2000, forming MGM Mirage. He then purchased the Desert Inn and closed it, later taking Wynn Resorts Limited public in 2002. Wynn Las Vegas, the largest privately funded construction project in the nation at the time, opened in 2005. Wynn also successfully bid for one of three gaming concessions in Macau and opened Wynn Macau in 2006.
Encore hotels and other projects (2008–2018): Wynn continued to expand his empire with the opening of Encore Las Vegas in 2008, Encore at Wynn Macau in 2010, and Wynn Palace in Cotai, Macao, PRC, in 2016. He was also awarded the license to build the Wynn Boston Harbor casino in Everett, Massachusetts, in 2014.

Steve Wynn: Companies

Wynn has been involved with several companies throughout his career, including:

Frontier Hotel and Casino
Golden Nugget Las Vegas
The Mirage
Treasure Island Hotel and Casino
Bellagio
Beau Rivage
MGM Mirage
Wynn Resorts Limited
Wynn Las Vegas
Wynn Macau
Encore Las Vegas
Encore at Wynn Macau
Wynn Palace
Wynn Boston Harbor

Steve Wynn: Major Achievements

Wynn's contributions to the casino and hotel industry have earned him numerous accolades and achievements:

Included in Time magazine's World's 100 Most Influential People in 2006
Appointed to the Board of Trustees of the John F. Kennedy Center for the Performing Arts by President George W. Bush in 2006
Inducted into the American Gaming Association Hall of Fame in 2006
Received honorary doctoral degrees from several universities
Named one of the "World's Best CEOs" by Barron's in 2011
Ranked 17th on Harvard Business Review's list of 100 best-performing CEOs in the world in 2014

Steve Wynn: Awards & Achievements

In addition to his major achievements, Wynn has received numerous awards and accolades for his work:

American Gaming Association's Lifetime Achievement Award
Nevada Resort Association's Person of the Year
Las Vegas Chamber of Commerce's Business Leader of the Year
University of Pennsylvania's Wharton School Dean's Medal
Ellis Island Medal of Honor
National Italian American Foundation's Lifetime Achievement Award
Anti-Defamation League's Torch of Liberty Award

Steve Wynn: Personal Life & Legacy

Wynn's personal life has been marked by both triumphs and challenges.

He has been married three times and has two daughters. Tragically, his daughter Kevyn was kidnapped in 1993. Wynn is also known for his extensive art collection, which includes works by renowned artists such as Vermeer, J. M. W. Turner, Rembrandt, and Jeff Koons. He has faced legal issues, including defamation lawsuits and allegations of sexual misconduct, which led to his resignation as CEO of Wynn Resorts in 2018. Despite these challenges, Wynn's legacy in the casino and hotel industry remains significant, with his contributions shaping the landscape of Las Vegas and beyond.

Steve Wynn: Trivia

Andy Garcia's character in the Ocean's Trilogy, Terry Benedict, is loosely based on Wynn.
Michael Connelly's book Void Moon features a casino so bad that a character claims even Steve Wynn could not turn it around.

Wealth History

Timeline

January 27, 1942

Stephen Alan Wynn (né Weinberg) is born in New Haven, Connecticut.

1946

Family's last name changed from "Weinberg" to "Wynn" to avoid anti-Jewish discrimination.

1959

Graduates from The Manlius School.

1963

Marries Elaine Farrell Pascal (divorced in 1986, remarried in 1991, divorced again in 2010).

1967

Moves to Las Vegas and purchases a small stake in the Frontier Hotel and Casino.

1968-1972

Operates a wine and liquor importing company.

1971

Buys a controlling interest in the Golden Nugget Las Vegas, becoming the majority shareholder and youngest casino owner in Las Vegas.

1977

Opens the Golden Nugget's first hotel tower.

1987

Sells the Atlantic City Golden Nugget for $440 million.

November 22, 1989

Opens The Mirage on the Las Vegas Strip.

1993

Opens Treasure Island Hotel and Casino, featuring the first permanent Cirque du Soleil show in Las Vegas.

1998

Opens the Bellagio, a $1.6 billion resort.

1999

Opens Beau Rivage in Biloxi, Mississippi.

2000

Sells Mirage Resorts to MGM Grand Inc. for $6.6 billion, forming MGM Mirage.

2002

Takes Wynn Resorts Limited public.

2004

Purchases Vermeer's A Young Woman Seated at the Virginals for $30 million.

2005

Opens Wynn Las Vegas, the largest privately funded construction project in the nation at the time.

2006

Successfully bids for one of three gaming concessions in Macau and opens Wynn Macau.

2008

Opens Encore Las Vegas, modeled after the Wynn Las Vegas tower.

2009

Spends $33.2 million on Rembrandt's Man with His Arms Akimbo.

2010

Opens Encore at Wynn Macau.

2011

Marries Andrea Danenza Hissom.

2012

Acquires Jeff Koons's Tulips for approximately $33.6 million.

2014

Awarded the license to build the Wynn Boston Harbor casino in Everett, Massachusetts.

2016

Opens Wynn Palace in Cotai, Macao, PRC.

2018

Steps down as CEO of Wynn Resorts amid sexual misconduct allegations.

2019

Massachusetts Gaming Commission fined Wynn Resorts $35 million for covering up sexual misconduct allegations.

2020

Purchases two Picasso paintings from Donald Marron's collection for $105 million.

Steve Wynn : FAQs

What is Steve Wynn's current net worth?

Steve Wynn's current net worth is $3.86 billion.

What is Steve Wynn's current global rank among billionaires?

Steve Wynn holds the 1085th position globally among billionaires.

What is Steve Wynn's current ranking within the United States?

Steve Wynn holds the 401st position in United States.

What was the change in Steve Wynn's net worth compared to the previous year?

Steve Wynn's net worth decreased by 0 million dollars compared to the previous year 2025, when his net worth was 3.86 billion dollars.

What are Steve Wynn's main sources of wealth?

Steve Wynn's main source of income comes from Casinos, Hotels.

In which industry does Steve Wynn primarily operate?

Steve Wynn is primarily involved in the Gambling & Casinos industry.

What is Steve Wynn educational background?

Steve Wynn holds a Bachelor of Arts/Science from the University of Pennsylvania.

How old is Steve Wynn?

Steve Wynn is 84 years old.

How many children does Steve Wynn have?

Steve Wynn has 2 children.

When and where was Stephen Alan Wynn born?

Stephen Alan Wynn was born on January 27, 1942, in New Haven, Connecticut.

What is Stephen Alan Wynn known for?

Stephen Alan Wynn is known for his involvement in the luxury casino and hotel industry.

What major casinos has Stephen Alan Wynn opened?

Stephen Alan Wynn has opened The Mirage, Treasure Island, Bellagio, Beau Rivage, Wynn Las Vegas, Wynn Macau, Encore Las Vegas, Encore at Wynn Macau, and Wynn Palace.

What political activities has Stephen Alan Wynn engaged in?

Stephen Alan Wynn has supported and financed both the Democratic and Republican parties, and served as finance chairman of the Republican National Committee.

What legal issues has Stephen Alan Wynn faced?

Stephen Alan Wynn has been involved in defamation lawsuits, allegations of sexual misconduct, and has faced fines from Nevada regulators and the Massachusetts Gaming Commission.