Steve Wynn Biography: Age, Height, Net Worth, Wife, Parents, Siblings, Children

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Steve Wynn is a prominent American real estate developer and art collector known for his significant contributions to the luxury casino and hotel industry.

He rose to fame through his innovative approach to resort development, transforming Las Vegas into a premier destination for entertainment and hospitality.

Wynn’s vision led to the creation of iconic properties such as The Mirage, Bellagio, and Wynn Las Vegas, which have become synonymous with luxury and high-end experiences.

Profile

• Full name: Stephen Alan Wynn
• Date of birth: January 27, 1942
• Age: 82 years old
• Gender: Male
• Place of birth: New Haven, Connecticut, USA
• Nationality: American
• Profession: Real estate developer, art collector
• Height: N/A
• Parents: Michael Wynn (father), Zelma Kutner (mother)
• Siblings: Kenneth Wynn
• Spouse: Elaine Wynn (divorced), Andrea Hissom (married)
• Children: Kevin Wynn, Gillian Wynn
• Relationship status: Married
• Religion: N/A
• Ethnicity: Jewish
• Net Worth: $340 million

Early Life and Education

Steve Wynn, currently 82, was born on January 27, 1942, in New Haven, Connecticut.

His father, Michael Wynn, owned a chain of bingo parlours in the eastern United States, while his mother, Zelma Kutner, hailed from Maine. He has a brother named Kenneth.

In 1946, when Steve was four years old, his father changed the family name from Weinberg to Wynn to avoid anti-Jewish discrimination. The family later moved to Utica, New York.

Wynn graduated from The Manlius School in 1959 before attending the University of Pennsylvania. He earned a Bachelor of Arts degree in English literature in 1963.

Shortly before graduating, his father passed away during heart surgery, leaving behind significant gambling debts amounting to $350,000.

This event led Steve to forgo his acceptance into Yale Law School and take over the family bingo parlor in Waysons Corner, Maryland.

Personal Life

Steve Wynn’s personal life has been both eventful and complex. He married Elaine Pascal in 1963, and they had two children: Kevin and Gillian.

The couple divorced in 1986 but maintained a business partnership with significant stakes in their casino ventures.

In 2011, Wynn married Andrea Hissom. Their relationship has been characterized by public appearances at various events and a shared interest in art collecting.

However, their marriage has also faced scrutiny due to the controversies surrounding Wynn’s professional life.

The most significant challenge in Wynn’s personal life arose from allegations of sexual misconduct that surfaced in early 2018.

Multiple women accused him of inappropriate behaviour over several decades, leading to a swift decline in his reputation and career. Following these allegations, he resigned from his position at Wynn Resorts.

Career

After graduating from college, Steve Wynn began his career by taking over his father’s bingo parlor.

He moved to Las Vegas in 1967 and quickly established himself in the gaming industry by acquiring a stake in the Frontier Hotel and Casino. His big break came when he purchased a controlling interest in the Golden Nugget Las Vegas in 1971.

Under Wynns’s leadership, the Golden Nugget became one of Las Vegas’s premier destinations. He expanded its operations significantly and opened several additional properties, including The Mirage in 1989 and Treasure Island in 1993.

The Bellagio followed in 1998 as a groundbreaking luxury resort that redefined expectations for casino experiences.

In 2000, Wynn sold Mirage Resorts to MGM Grand Inc., further strengthening his status as a key player in the industry.

He later founded Wynn Resorts and oversaw the construction of Wynn Las Vegas in 2005 and Encore Las Vegas in 2008.

Wynn’s influence extended beyond Las Vegas as he developed properties like Wynn Macau and Encore Boston Harbor.

His approach combined high-end accommodations with world-class dining and entertainment options, setting new standards for resort design.

Awards

Steve Wynn has received numerous accolades throughout his career:

• Inducted into the American Gaming Association Hall of Fame (2006)
• Named one of Time magazine’s Most Influential People (2006)

Net Worth

Steve Wynn’s net worth is estimated at $340 million. This wealth has been accumulated through his successful real estate development ventures within the luxury casino sector.

His properties have generated substantial revenue over the years, contributing significantly to his financial success.

Controversy

Steve Wynn’s career has been overshadowed by serious allegations of sexual misconduct that emerged publicly in early 2018.

The Wall Street Journal reported on multiple accusations from women who claimed that Wynn had coerced them into sexual acts while they were employed at his casinos.

These allegations were not isolated incidents; they spanned several decades and involved various employees across different properties.

The fallout from these accusations was swift and severe. Within days of the initial reports surfacing, Wynn stepped down as chairman and CEO of Wynn Resorts amidst increasing pressure from investors and public scrutiny.

His resignation marked a dramatic fall for someone who had spent decades shaping Las Vegas into a luxury destination.

In addition to resigning from his corporate roles, Wynn faced legal repercussions from these allegations.

It was reported that he paid a $7.5 million settlement to a manicurist who accused him of sexual misconduct at one of his resorts.

This settlement further fueled discussions about workplace culture within the gaming industry and raised questions about accountability for influential figures like Wynn.

Wynn denied all allegations against him during this period but acknowledged that he could no longer effectively lead his company amid what he described as an “avalanche of negative publicity.”

The controversies surrounding him prompted various organizations associated with him to sever ties; for instance, the University of Pennsylvania removed his name from a building due to the scandal.

Social Media

• Instagram: N/A
• Twitter: N/A

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