Money & Power

6 Things to Know About Elaine Wynn, Billionaire Ex-Wife of Casino Mogul Accused of Sexual Misconduct

The ex-wife of casino mogul Steve Wynn is a leading billionaire philanthropist.
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In recent years, billionaire Elaine Wynn made news for her statement-making philanthropy (she pledged $1 million to Planned Parenthood last year, for example) and her efforts to establish herself as a major player in the art world (she paid a record-setting $142.4 million for a Lucien Freud triptych in 2013).

But this week she found herself back in the headlines because of her ex-husband, billionaire casino mogul Steve Wynn. The founder of Wynn Resorts and finance chair of the Republican National Committee is denying allegations of sexual misconduct raised by multiple people in a new Wall Street Journal report, telling the newspaper, "The idea that I ever assaulted any woman is preposterous."

Wynn went on to say, in part, "The instigation of these accusations is the continued work of my ex-wife Elaine Wynn, with whom I am involved in a terrible and nasty lawsuit in which she is seeking a revised divorce settlement."

Here's what you need to know about Elaine Wynn, the woman who divorced Steve Wynn twice.

SHE CO-FOUNDED MIRAGE RESORTS AND WYNN RESORTS WITH STEVE.


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Elaine and Steve Wynn at the groundbreaking of one of their Las Vegas casino projects in 2005.

Elaine and her then-husband co-founded and led Mirage Resorts from 1976 to 2000 before co-founding Wynn Resorts in 2000. She helped the company expand with the opening of Wynn Macau in 2006, and Forbes dubbed her the "Queen of Las Vegas" in 2015. During a 2016 interview with Town & Country, Elaine described her role in the company this way: "Well, for a start, whenever [Steve] would get a little bit crazy—or he would get a lot crazy—I was the sounding board. I'm more pragmatic and more earthly. And it worked very well for several decades."

Her supporters say her taste and aesthetic are everywhere at the Wynn Resorts. "Every tiny little detail that comes off as 'gracious' at any Wynn resort—from the way the staff is dressed to the amenities in the guest rooms to even the polite verbiage of the signage—is pure Elaine. She is the epitome of grace, warmth, and class," says Wynn's cousin Steven Stolman, a Town & Country contributor.

ELAINE AND STEVE WYNN MARRIED YOUNG.


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Steve and Elaine Wynn attend a Frank Sinatra concert after party at Le Cirque in New York City in 1985.

Born Elaine Farrell Pascal on April 28, 1942, Elaine met Steve when they were in college and married him in 1963. They divorced in 1986, remarried five years later, and divorced a second time in 2010. In the past, Elaine has spoken glowingly of Steve. "The man is brilliant," she told Town & Country in 2016. "I had a prominent role to play in our businesses, but he was the risk taker and the visionary."

SHE AND STEVE HAVE TWO DAUGHTERS, KEVYN AND GILLIAN, AND SEVEN GRANDCHILDREN.


Kevyn Wynn, Elaine Wynn, and Gillian Wynn in Los Angeles in 2016

The family faced a particularly scary moment in 1993 when Kevyn, then 26, was kidnapped. Steve Wynn paid a ransom of about $1.5 million, and a few hours after she was snatched, Kevyn was found bound and gagged in a car in the Las Vegas McCarran International Airport parking lot. Authorities arrested one of her abductors when he tried to pay off the balance on a Ferrari he had purchased at a dealership in Newport Beach, California. "I think the height of my admiration and respect and love for Steve centers on that episode," Elaine later told the New York Times of her husband's handling of the incident.

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SHE AND STEVE ARE BOTH BILLIONAIRES.


Steve and Elaine Wynn in 2007

Elaine is worth $2.5 billion and Steve is worth $3.5 billion, according to Forbes.

A MAJOR PHILANTHROPIST, ELAINE IS CO-CHAIR OF THE BOARD OF THE LOS ANGELES COUNTY MUSEUM OF ART.


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Elaine Wynn and LACMA director Michael Govan in 2012.

In addition to her Planned Parenthood donation, in 2016 Wynn pledged $50 million to build a new building for the museum's permanent collection and is a major supporter of the Alvin Ailey dance company. She has also given millions to educational charities and the Smith Center for the Performing Arts in Las Vegas.

SHE LOVES BASKETBALL.


Magic Johnson, his wife Cookie, Elaine and Steve Wynn attend a Las Vegas Gala in 2007.

Elaine serves on the board of the Basketball Hall of Fame.

*This story originally appeared on Townandcountrymag.com
*Minor edits have been made by the Townandcountry.ph editors

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Sam Dangremond
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