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Bannon may partner on a new venture with the Mercers
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Associates said Bannon may partner on a new venture with the Mercer family, conservative mega-donors who served as his patrons in an array of enterprises before he joined the Trump campaign. One strong possibility: a new media entity.
“They have a very strong working relationship together and I would be shocked if we don’t hear of a major initiative involving Steve and the Mercers in the next 30 and 60 days,” said a person familiar with the family’s views, who requested anonymity to describe the thinking of the Mercers. “They don’t walk in lockstep in terms of their views, but they like the fact that Steve gets results and they think money put into ventures he’s involved in is money well spent.”
Hedge fund executive Robert Mercer and his daughter Rebekah collaborated with Bannon on at least five ventures between 2011 and 2016, including Breitbart, which Bannon ran. He also served as vice president and secretary of the Mercer-funded Cambridge Analytica, a data science company that worked for Trump’s campaign.
Bannon earned at least $917,000 in 2016, drawing at least $545,000 of that from four Mercer-backed ventures, according to a personal financial disclosure he filed in late March. At the time, he estimated that his assets were worth between $11.8 million and $53.8 million. Among his holdings: three rental properties and a strategic consulting firm he said was worth between $5 million and $25 million. The filing also showed that Bannon had significant cash reserves, reporting at least $1.1 million in three different U.S. bank accounts.
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https://www.washingtonpost.com/amphtml/politics/trump-decides-to-get-rid-of-white-house-chief-strategist-stephen-bannon/2017/08/18/98cd5c40-8430-11e7-902a-2a9f2d808496_story.html
Associates said Bannon may partner on a new venture with the Mercer family, conservative mega-donors who served as his patrons in an array of enterprises before he joined the Trump campaign. One strong possibility: a new media entity.
“They have a very strong working relationship together and I would be shocked if we don’t hear of a major initiative involving Steve and the Mercers in the next 30 and 60 days,” said a person familiar with the family’s views, who requested anonymity to describe the thinking of the Mercers. “They don’t walk in lockstep in terms of their views, but they like the fact that Steve gets results and they think money put into ventures he’s involved in is money well spent.”
Hedge fund executive Robert Mercer and his daughter Rebekah collaborated with Bannon on at least five ventures between 2011 and 2016, including Breitbart, which Bannon ran. He also served as vice president and secretary of the Mercer-funded Cambridge Analytica, a data science company that worked for Trump’s campaign.
Bannon earned at least $917,000 in 2016, drawing at least $545,000 of that from four Mercer-backed ventures, according to a personal financial disclosure he filed in late March. At the time, he estimated that his assets were worth between $11.8 million and $53.8 million. Among his holdings: three rental properties and a strategic consulting firm he said was worth between $5 million and $25 million. The filing also showed that Bannon had significant cash reserves, reporting at least $1.1 million in three different U.S. bank accounts.
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https://www.washingtonpost.com/amphtml/politics/trump-decides-to-get-rid-of-white-house-chief-strategist-stephen-bannon/2017/08/18/98cd5c40-8430-11e7-902a-2a9f2d808496_story.html
Link to tweet
