10 Things You Didn’t Know About Steve Wynn

Steve Wynn is a prominent name in the world of real estate, hospitality, and entertainment. As the former CEO of Wynn Resorts, his contributions to the industry are widely recognized. While many may know him for his success in the business world, there are some interesting and lesser-known facts about Steve Wynn that may surprise you. In this article, we will uncover 10 intriguing things that you probably didn’t know about Steve Wynn.

1. Art Collector Extraordinaire

Beyond his business ventures, Steve Wynn has a deep passion for art. He is an avid collector of fine art and has amassed an impressive collection over the years. In fact, he is known to have sold several of his artworks for astronomical prices. One notable sale was the famous painting “Le Rêve” by Pablo Picasso, which he sold for a staggering $155 million.

2. Visionary Builder

In addition to his success in the casino industry, Steve Wynn is renowned for his innovative designs and attention to detail. He played a significant role in transforming Las Vegas into the entertainment capital it is today. Wynn was instrumental in developing iconic resorts like The Mirage, Bellagio, and Wynn Las Vegas, each setting new standards in luxury and entertainment.

3. Entrepreneurial Spirit at a Young Age

From a young age, Steve Wynn demonstrated entrepreneurial instincts. As a teenager, he ran a successful bingo parlour that he operated out of the family’s basement. This early taste of success set the stage for his future as a self-made billionaire.

4. Philanthropic Initiatives

Steve Wynn has been actively involved in numerous philanthropic endeavors throughout his career. One primary focus of his charitable contributions is medical research. He has made significant donations to organizations that aim to find cures for different ailments, including blindness and cancer.

5. Rare Eye Condition

Despite his incredible success in the visual-oriented entertainment industry, Steve Wynn suffers from a rare eye condition called retinitis pigmentosa. This condition causes gradual vision loss and is the reason behind his inability to appreciate his vast art collection fully.

6. Mirage Volcano

To add a touch of excitement and spectacle to The Mirage Resort, Steve Wynn commissioned the creation of the iconic Mirage Volcano. This famous attraction mesmerizes visitors with its fiery eruptions and choreographed water and light show.

7. Political Involvement

In addition to his business ventures, Steve Wynn has been actively involved in politics. He is known for his contributions to various political campaigns, supporting candidates from both major parties. Wynn also served as the finance chairman of the Republican National Committee from 2017 to 2018.

8. Renowned Wine Connoisseur

Steve Wynn has an appreciation for fine wines and is considered a respected connoisseur in the industry. He is known for his extensive wine collection, which includes rare and valuable vintages from all around the world.

9. Controversial Lawsuits and Accusations

Throughout his career, Steve Wynn has faced several controversies and legal battles. In 2018, he resigned as the CEO of Wynn Resorts amid allegations of sexual misconduct. Although these accusations tarnished his reputation, Wynn remains an influential figure in the business world.

10. New Frontier in Macau

One of the most significant milestones in Steve Wynn’s career was the opening of Wynn Macau, his first resort in Asia. This venture marked the beginning of Macau’s transformation into the gambling capital of the world, surpassing even Las Vegas in terms of revenue. Wynn Macau set the stage for further expansion in the region, solidifying his position in the international gaming industry.

Steve Wynn’s entrepreneurial spirit, artistic passion, and involvement in philanthropy make him a truly fascinating individual. While his career has faced its fair share of hurdles, there is no denying his significant contributions to multiple industries. Whether he’s creating iconic resorts, supporting medical research, or collecting priceless art, Steve Wynn’s impact on the world will be felt for years to come.

Useful Links:

Wynn Resorts Official Website
New York Times – Steve Wynn Articles