Business Headlines

Steven Mnuchin to Be Named Treasury Secretary

published Nov 29th 2016, 5:01 pm, by Paul Bond

(Hollywood Reporter) – Hollywood insider Mnuchin, whose film credits as an executive producer include the Tom Hanks film Sully and the Ben Affleck movie The Accountant, is expected to be named President-elect Donald Trump’s Treasury Secretary as early as tomorrow, The New York Times reported Tuesday.

Mnuchin had been the finance chairman for Trump’s presidential campaign. The 53-year-old former Goldman Sachs partner is co-founder of Dune Capital Management and chairman of Dune Entertainment Partners, which has provided funding for blockbuster films like Avatar.

Mnuchin was said to have impressed Trump since being named to his campaign’s top financial post in May. There have been reports for a few months that he was in line for the Treasury job. Trump has also met with other contenders for the job in recent days, including a meeting on Tuesday with Goldman Sachs President Gary Cohen.

Mnuchin’s ties to Hollywood run deep. He merged Dune Entertainment with Brett Ratner and James Packer’s RatPac three years ago to create RatPac-Dune Entertainment, which co-produced American Sniper and Mad Max: Fury Road.

A year later, Mnuchin invested in Relativity Media and joined Ryan Kavanaugh’s company as non-executive co-chairman, but left just before Relativity filed for Chapter 11 bankruptcy protection last summer.

Mnuchin, who has previously supported Democrats – including Trump’s rival for president, Hillary Clinton, when she ran for the Senate – has grown very close to Trump during the difficult campaign and to become one of his most loyal deputies.” He hasn’t only raised money for Trump, including at a fundraiser attended by some Republicans working in Hollywood, but he also played a key a role in developing the candidate’s economic policies that would reduce taxes and regulations.

The Author

Walt Alexander

Walt Alexander

Walt Alexander is the editor-in-chief of Men of Value. Learn more about his vision for the online magazine for American men with the American values—faith, family & freedom—in his Welcome from the Editor.

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