Elaine Wynn was a successful American businesswoman, philanthropist, and art collector. She was best known for being the co-founder of Wynn Resorts, one of the most well-known luxury hotel and casino companies in the world. Elaine played a major role in shaping the image and business of modern Las Vegas. She was a successful billionaire businesswoman, and during her death, Elaine Waynn’s net worth was more than $2 billion.
Elaine Wynn Net Worth
At the time of her death in April 2025, Elaine Wynn’s net worth was estimated to be around $2.1 billion. Elaine Wynn’s wealth came mainly from her shares in Wynn Resorts, the luxury hotel and casino company she co-founded with her former husband, Steve Wynn. After their divorce in 2010, she received about 11 million shares in the company, which at one point gave her about 10% ownership. This made her one of the largest shareholders.
Her yearly income from dividends alone was estimated at around $60 million. Over the years, she became even more involved in the company’s decision-making, especially after Steve Wynn resigned from the company in 2018. Her fortune grew steadily as the company expanded, and she also made smart investments in art and other assets.
Early Life and Education
Elaine Wynn was born Elaine Farrell Pascal on April 28, 1942, in New York City. She was raised in a middle-class Jewish family. Her early life was marked by a strong focus on education and personal growth. She attended George Washington University in Washington, D.C., where she earned a degree in political science in 1964. During her time in college, she went on a blind date with Steve Wynn, who would later become her husband and business partner.
Career in Business
Elaine’s journey into the casino and hospitality business began when she and Steve Wynn moved to Las Vegas. In 1973, the couple co-founded Mirage Resorts, a company that helped transform Las Vegas into a world-famous luxury destination. They went on to build famous resorts such as The Mirage and Bellagio, both of which set new standards for hotels in the city.
After selling Mirage Resorts, the Wynns launched Wynn Resorts in 2000. Under their leadership, the company opened high-end resorts like Wynn Las Vegas and Encore, which became known for their luxury design and five-star service. Elaine Wynn was often seen as the “First Lady of Las Vegas” because of her important contributions to the city’s development.
Although Elaine and Steve divorced twice (first in 1986 and again in 2010 after remarrying in 1991), Elaine stayed closely involved with the company. She fought to have more say in how the company was run and became a voice for corporate responsibility, especially after Steve Wynn stepped down in 2018 due to allegations of sexual misconduct. Elaine helped lead a shareholder campaign to bring in new leadership and rebuild the company’s reputation.
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Philanthropy and Public Service
Elaine Wynn wasn’t just a successful businesswoman—she was also a major philanthropist. She gave millions of dollars to education, the arts, and community development. One of her biggest causes was education. She served on the national board of Communities In Schools, a non-profit organization that helps at-risk children stay in school and succeed. She was involved with the group from 1999 until her death in 2025.
Elaine also served on the Nevada State Board of Education from 2012 to 2020, including terms as its president. She strongly believed that every child deserves a chance at a quality education, no matter their background.
In the arts world, Elaine was equally passionate. She co-chaired the board of the Los Angeles County Museum of Art (LACMA) and was appointed to the board of trustees at the Kennedy Center for the Performing Arts by President Barack Obama in 2011.
Elaine Wynn’s Art Collection
Elaine Wynn was also a well-known art collector. One of her most famous purchases was Francis Bacon’s Three Studies of Lucian Freud, which she bought for $142.4 million in 2013—making it one of the most expensive paintings ever sold at that time. She didn’t keep it locked away either; she loaned the painting to the Portland Art Museum so the public could enjoy it. Her collection also included works by other major artists, reflecting her deep love and knowledge of fine art.
Personal Life
Elaine and Steve Wynn had two daughters: Kevyn and Gillian. In 1993, tragedy struck the family when Kevyn was kidnapped from her Las Vegas home. A ransom of $1.45 million was paid, and Kevyn was returned safely. The kidnappers were caught soon after when one tried to buy a Ferrari in cash.
Despite the ups and downs in her personal life, Elaine always remained strong and focused. She was known for her elegance, intelligence, and her ability to thrive in a male-dominated business world.
Elaine Wynn‘s Death and Legacy
Elaine Wynn passed away on April 14, 2025, at the age of 82 in Los Angeles, California. Her death marked the end of an era in Las Vegas and the business world. She left behind a powerful legacy as a business pioneer, education advocate, and generous philanthropist.
Elaine Wynn’s life is a reminder that success is not just about money—it’s about how you use your influence to make a difference in the lives of others. From luxury resorts to public schools and art museums, her impact will be felt for generations to come.
