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Elaine Wynn

Also Known As Elaine Farrell Wynn, Wynn

Education

  • Bachelor of arts degree in Political Science -

Overview

Elaine Farrell Wynn is an American billionaire businesswoman, philanthropist and art collector. She co-founded Mirage Resorts and Wynn Resorts with her former husband, Steve Wynn. She has supported education causes, the performing arts and the visual arts.

Business career :

Wynn co-founded the Mirage Resorts with her former husband in 1976. They also co-founded Wynn Resorts in 2000. She served on its board of directors. She played a pivotal role in the resurgence and expansion of the Las Vegas Strip with her former husband. In 2015, she nominated herself to the board, but she was not confirmed.

Wynn is the company's largest shareholder, with a 9% stake valued in May 2018 at nearly $2 billion. In 2018, after revelations of Steve Wynn's reported sexual harassment of multiple Wynn employees, and payments to cover up those allegations that were kept secret from the board of directors, he sold his 12% share of the company and agreed to return voting rights to Elaine Wynn (which she had signed away during their 2010 divorce agreement).

In June 2018, Wynn successfully led a shareholder proxy campaign to remove John Hagenbuch from the board, due to his conflict of interest created by ties to the company's former CEO.

Early Life

Wynn was born to a middle-class Jewish family on April 28, 1942, in New York City. She graduated from George Washington University, where she received a bachelor of arts degree in Political Science in 1964.

Career

  • Wynn Resorts - co-founded

Reference

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