Steven Mnuchin, Secretary of the Treasury

https://en.wikipedia.org/wiki/Steven_Mnuchin

Steven Terner Mnuchin (mah-new-chin, /məˈnuːtʃin/; born December 21, 1962) is a former investment banker and hedge fund investor. In 2016, he served as the finance chairman for the presidential campaign of Donald J. Trump.

On November 30, 2016, it was announced that Mnuchin would be nominated as Secretary of the Treasury in the coming administration of President-elect Donald Trump.

Early life

Steven Mnuchin was born on December 21, 1962 in New York City, to a Jewish family. He is the son of Elaine Terner Cooper, of New York, and Robert E. Mnuchin of Washington, Connecticut. His father was a banker, a partner at Goldman Sachs, in charge of equity trading and a member of the management committee, and the founder of the Mnuchin Gallery at 45 East 78th Street, New York. He graduated from Yale University.

Career

Mnuchin amassed a fortune estimated at over $40 million while working for Goldman Sachs, where his father had worked for three decades and had also made a fortune.

In 2002, Mnuchin left Goldman and worked briefly for his Yale roommate Edward Lampert, chief executive of Sears. He also briefly worked for Soros Fund Management in their Private Equity division during the "Goldman" period with Jacob Goldfield and Mark Schwartz.

After this stint, he founded RatPac-Dune Entertainment, which produced a number of notable films, including the X-Men film franchise and Avatar. Dune bought the failed housing lender IndyMac in 2009, buying it out of bankruptcy from the F.D.I.C. and renaming it OneWest with Mnuchin as Chair. According to The New York Times, OneWest "was involved in a string of lawsuits over questionable foreclosures, and settled several cases for millions of dollars." OneWest was sold to CIT Group in 2015.

In Hollywood, Mnuchin, along with film producer Brett Ratner and financier James Packer, working with RatPac-Dune Entertainment, produced American Sniper and Mad Max: Fury Road. Mnuchin was co-chairman of the trio's movie company, Relativity Media, but left before it went bankrupt.

Political activity

Mnuchin supported Mitt Romney during the 2012 U.S. presidential election. In May 2016, he was named Finance Chair of the Donald Trump 2016 presidential campaign.

Personal life

In 1999, he married Heather deForest Crosby. They divorced in 2014, and he is currently engaged to Louise Linton. He has three children Emma deForest Mnuchin (14), John Player Mnuchin (13), and Dylan Terner Mnuchin (13). Emma, the oldest was born on February 20, 2002. John Player and Dylan are twins and were born on October 25, 2003. https://en.wikipedia.org/wiki/Steven_Mnuchin http://www.emol.com/noticias/Economia/2016/11/30/833479/Steven-Mnuc...