Steven Mnuchin

Steven Mnuchin
Steven Mnuchin
Born	December 21, 1962 (age 63); New York City, U.S.
Occupation(s)	Financier, film producer, government official
Years active	1980s–present
Known for	77th United States Secretary of the Treasury, founder of Dune Entertainment, CEO of OneWest Bank

Steven Terner Mnuchin ( ; born December 21, 1962) is an American financier and film producer who held the position of the 77th United States Secretary of the Treasury during President Donald Trump’s administration from 2017 until 2021. Throughout Trump's presidency, Mnuchin was among the select high-profile cabinet officials who remained in office for the entire term.

A native of New York City, Mnuchin earned his degree from Yale University in 1985 before starting his career at Goldman Sachs, where his father, Robert Mnuchin, was a general partner. Over a span of 17 years at Goldman Sachs, he advanced to become chief information officer. After departing in 2002, he established multiple hedge funds and founded Dune Entertainment, which financed films for 20th Century Fox. Additionally, Mnuchin held board positions at both Kmart and Sears Holdings. Amid the 2008 financial crisis, he acquired the failed residential lender Indymac, restructured it as OneWest Bank, and eventually sold it despite facing lawsuits related to foreclosures.

During Donald Trump’s 2016 presidential campaign, Mnuchin served as National Finance Chairman. Following Senate confirmation on February 13, 2017, he championed the Trump tax cuts and the Tax Cuts and Jobs Act of 2017, promoting reductions in both personal and corporate tax rates. He also supported Trump's partial rollback of the Dodd–Frank Act, arguing that the legislation was overly complex.

Early life and education

Steven Mnuchin was born on December 21, 1962, in New York City as the second youngest son in a Jewish family. His parents are Robert E. Mnuchin from Washington, Connecticut, and Elaine Terner Cooper from New York. Robert Mnuchin was a Goldman Sachs partner responsible for equity trading and served on its management committee before founding the Mnuchin Gallery in New York City. Steven’s great-grandfather, Aaron Mnuchin, originally from Russia and later residing in Belgium as a diamond merchant, immigrated to America in 1916.

Mnuchin attended Riverdale Country School before earning a bachelor’s degree in economics from Yale University in 1985. While at Yale, he served as publisher of the Yale Daily News and was inducted into Skull and Bones. During his university years, he drove a Porsche and resided at New Haven’s Taft Hotel.

His initial professional experience came as a trainee at investment bank Salomon Brothers during the early 1980s while still enrolled at Yale.

Goldman Sachs

After graduating from Yale in 1985, Mnuchin joined Goldman Sachs, where his father had been employed since 1957. Beginning his career in the mortgage division, he became a partner by 1994. Prior to leaving in 2002, he occupied several executive roles:

November 1994 – December 1998: Led the Mortgage Securities Department
December 1998 – November 1999: Managed mortgages, U.S. government securities, money markets, and municipal bonds within the Fixed Income, Currency and Commodities Division
December 1999 – February 2001: Served on the Executive Committee and co-chaired the Technology Operating Committee
February 2001 – December 2001: Held titles of Executive Vice President and co-chief information officer
December 2001 – 2002: Executive Vice President, Management Committee member, and chief information officer

Mnuchin departed Goldman Sachs after nearly two decades with an estimated $46 million in company stock along with $12.6 million in compensation received shortly before his exit.

Hedge funds

Following his departure from Goldman Sachs in 2002, Mnuchin briefly took on the role of vice-chairman at hedge fund ESL Investments, which was owned by his Yale classmate Edward Lampert. Between 2003 and 2004, he held the position of CEO at SFM Capital Management, a fund supported by George Soros. In 2004, Mnuchin co-founded the hedge fund Dune Capital Management alongside two former Goldman colleagues, naming it after a nearby area to his residence in the Hamptons. As CEO, he oversaw investments including Trump ventures such as the Trump International Hotel and Tower projects in Honolulu and Chicago; subsequently, Trump initiated lawsuits against Dune and other financiers, which were eventually resolved through settlements.

Mnuchin became a board member of Kmart following its emergence from bankruptcy through ESL’s investment and continued serving on Sears Holdings' board after its 2005 merger with Sears until his Treasury nomination in 2016. After Sears Holdings filed for bankruptcy in 2018, the estate brought legal action against former executives, including Lampert and Mnuchin, accusing them of alleged "asset stripping"; the litigation concluded in 2022 with a $175 million settlement awarded to the estate.

During the 2008 financial meltdown, Mnuchin was outbid by Lone Star Funds for a $6.7 billion residential mortgage-backed collateralized debt obligation portfolio that Merrill Lynch was selling.

Mnuchin attracted criticism for employing offshore entities in hedge fund investments—a widespread practice within the industry—which he defended as not designed for U.S. tax evasion.

Acquisition of IndyMac and additional loan portfolios

In 2009, Mnuchin led a consortium that purchased California-based lender IndyMac, then under FDIC receivership, which held $23.5 billion in commercial loans, mortgages, and mortgage-backed securities. The acquisition price was set at a $4.7 billion discount relative to its book value. Mnuchin’s investment group comprised George Soros, hedge fund manager John Paulson, former Goldman Sachs executive J. Christopher Flowers, and Michael Dell, founder of Dell Inc. The FDIC retained certain troubled assets and entered into a loss-sharing agreement estimated to cost $2.4 billion under these terms. After rebranding IndyMac as OneWest Bank, Mnuchin took on the roles of CEO and chairman. OneWest grew through acquisitions of failed banks such as First Federal Bank of California (2009) and La Jolla Bank (2010), along with purchasing a $1.4 billion portfolio from Citi Holdings. Within one year, OneWest became profitable and emerged as Southern California’s largest bank with assets totaling $27 billion.

Disposition to CIT

In 2015, Mnuchin sold OneWest to CIT Group for $3.4 billion. Following this transaction, he remained involved with OneWest and joined CIT Group’s board of directors. By August 2016, Mnuchin held approximately $97 million worth of CIT stock, primarily received as compensation for his OneWest interest. On December 2, 2016, he stepped down from CIT’s board after being nominated as Secretary of the Treasury.

Foreclosure controversies

OneWest drew criticism for its assertive foreclosure policies, repossessing 36,000 homes in California within five years post-acquisition by Mnuchin—earning him the moniker "the foreclosure king." This elevated foreclosure volume was partly attributed to a loss-sharing arrangement with the FDIC. The New York Times reported that OneWest resolved multiple lawsuits concerning questionable foreclosures through multi-million dollar settlements. Demonstrations took place outside Mnuchin’s residence in 2011, while two California fair-housing organizations filed complaints alleging violations of the Fair Housing Act due to discriminatory lending practices targeting African American, Hispanic, and Asian communities.

After OneWest’s acquisition by CIT in 2016, the California Reinvestment Coalition sought information from HUD regarding CIT’s reverse mortgage branch, Financial Freedom. HUD data indicated that Financial Freedom foreclosed on 16,220 federally insured reverse mortgages between 2009 and 2016—accounting for roughly 39% of all such foreclosures—despite servicing only about 17% of this market segment. CIT disclosed receiving subpoenas from HUD’s Office of the Inspector General toward the end of 2015. Later that year, two non-profit organizations filed a complaint with HUD accusing OneWest of redlining practices.

A leaked memo from the California attorney general’s office in 2017 revealed more than one thousand foreclosure law violations by OneWest during Mnuchin’s leadership; however, prosecutor Kamala Harris opted not to pursue a civil enforcement action.

Liberty Strategic Capital

Following the 2020 election, Mnuchin established Liberty Strategic Capital, attracting funding from sovereign wealth funds based in Saudi Arabia, the United Arab Emirates, and Qatar. The fund’s considerable size and its connections to nations Mnuchin interacted with during his tenure as Treasury secretary prompted scrutiny over possible conflicts of interest.

On March 6, 2024, Liberty spearheaded a consortium that included Hudson Bay and Reverence Capital, committing over $1 billion to New York Community Bank (NYCB). Mnuchin joined NYCB’s board amidst the bank’s financial difficulties.

By March 14, 2024, Mnuchin revealed initiatives to gather investors aiming to purchase TikTok, highlighting the importance of U.S. ownership due to geopolitical concerns surrounding Chinese control.

Film production career

In 2004, Mnuchin launched Dune Entertainment, which financed major motion pictures predominantly for 20th Century Fox, including the X-Men series and Avatar. In 2012, Dune merged with RatPac Entertainment—co-founded by Brett Ratner and James Packer—resulting in RatPac-Dune Entertainment, which secured a financing partnership with Warner Bros.

Between 2013 and 2018, RatPac-Dune provided funding for numerous Warner Bros. productions such as American Sniper and Mad Max: Fury Road. Mnuchin held the position of co-chairman at Relativity Media but stepped down seven months prior to its bankruptcy due to potential conflicts with his responsibilities at OneWest. It was reported that he and fellow investors faced losses amounting to $80 million.

Filmography

Year	Role	Titles
2014	Executive producer	The Lego Movie Winter's Tale Edge of Tomorrow Jersey Boys This Is Where I Leave You The Judge Annabelle Inherent Vice American Sniper Blended
2015	Executive producer	Run All Night Get Hard Mad Max: Fury Road Entourage San Andreas Vacation The Man from U.N.C.L.E. Black Mass The Intern Pan Our Brand Is Crisis In the Heart of the Sea Focus Jupiter Ascending
2016	Executive producer	How to Be Single Midnight Special Batman v Superman: Dawn of Justice Keanu The Conjuring 2 Central Intelligence The Legend of Tarzan Lights Out Suicide Squad Sully Storks The Accountant Collateral Beauty
2016	Producer	Rules Don't Apply
2017	Executive producer	The Lego Batman Movie Fist Fight CHiPs Going in Style Unforgettable King Arthur: Legend of the Sword Wonder Woman The House Annabelle: Creation The Disaster Artist

Political Contributions

Prior to his involvement in Donald Trump's 2016 presidential campaign, Mnuchin's engagement in politics was largely through financial contributions. From 1995 until 2014, he donated more than $120,000 to various political entities, including organizations, PACs, candidates, and parties, supporting figures from both major parties. Among the notable beneficiaries were campaigns for Al Gore, Hillary Clinton, John Kerry, Barack Obama, and Mitt Romney. Mnuchin later characterized many of these donations as gestures made on behalf of acquaintances.

Between June and September 2016, Mnuchin contributed over $400,000 to Republican causes, including donations to Paul Ryan and Donald Trump. Earlier that same year, he also gave $4,000 to Democratic candidates Kamala Harris and Michael Wildes.

Donald Trump's 2016 Presidential Campaign

Mnuchin was an early backer of Trump’s candidacy, attending Trump's victory celebration following the New York Republican primary on April 19, 2016, after receiving a last-minute invitation. The following day, Trump contacted Mnuchin to offer him the position of national finance chairman for the campaign, which Mnuchin accepted; the two had known each other for more than fifteen years. Trump commended Mnuchin’s extensive experience in finance and expressed confidence that he would contribute "unprecedented experience and expertise" to strengthen the Republican Party's efforts. Upon accepting the role, Mnuchin described it as an honor to help establish a top-tier fundraising operation for the general election.

Collaborating with Lewis Eisenberg from the Republican National Committee, Mnuchin helped initiate a joint fundraising campaign in late summer aimed at raising close to $500 million. Before his appointment, the Trump campaign lacked a major fundraising infrastructure. The New York Times characterized Mnuchin’s involvement as "largely behind the scenes," noting his preference for avoiding public attention. He acknowledged that his participation in the campaign strained some personal and business relationships in California and New York. Following Trump's electoral success, Mnuchin became part of the presidential transition team on November 11.

Political Positions

In an interview on CNBC dated November 30, 2016, Mnuchin highlighted the Trump administration’s commitment to increasing wages and generating employment opportunities with a goal of achieving sustained GDP growth between 3% and 4%. He emphasized tax reform as a priority, proposing a reduction of corporate tax rates to 15%, lowering taxes for the middle class, and streamlining the tax code. Regarding trade policy, he favored bilateral agreements over multilateral regional deals and stressed maintaining open dialogue with business leaders to discourage relocation of jobs overseas. Additionally, Mnuchin aimed to repeal certain provisions of the Dodd–Frank Act, pointing to its complexity and restrictive effects on bank lending as key regulatory concerns. A 2020 Business Insider analysis observed that Mnuchin’s political stance is somewhat ambiguous; however, his financial ties and fundraising capabilities were significant factors influencing Trump's decision to appoint him.

Nomination and confirmation

On November 30, 2016, Donald Trump declared Steven Mnuchin as his choice for United States Secretary of the Treasury. Trump characterized him as an "exceptional financier, banker, and entrepreneur" essential to his economic strategy. Mnuchin expressed his privilege in accepting the role and commended Trump's plan for generating high-quality employment and supporting American laborers.

The Senate Finance Committee gave unanimous approval to Mnuchin's nomination among those present on February 1, 2017, despite a boycott by Democratic members.

Shortly after the nomination announcement, Mnuchin stepped down from his position on the board of trustees at the Museum of Contemporary Art, Los Angeles, where he had contributed between $100,000 and $250,000. Additionally, he held board memberships at UCLA Health System, NewYork–Presbyterian Hospital, and the Los Angeles Police Foundation.

The New York Times pointed out that Mnuchin’s selection stood in contrast to Trump’s campaign criticism of Wall Street; Mnuchin became the third former Goldman Sachs executive appointed as Treasury Secretary following Hank Paulson and Robert Rubin.

At his Senate confirmation hearing on January 19, 2017, Democratic senators challenged Mnuchin over OneWest Bank’s foreclosure policies during his tenure. He refuted allegations of profiting from others’ difficulties. It also emerged that he had not disclosed $95 million in real estate holdings and his involvement with an investment fund based in a tax haven; Mnuchin explained these omissions as administrative oversights.

In early 2017, reports indicated that Mnuchin was registered to vote in both California and New York.

Mnuchin was officially confirmed as Treasury Secretary on February 13, 2017, by a Senate vote of 53 to 47. His confirmation received unanimous support from Republicans but only one Democrat (Joe Manchin) voted in favor.

Artificial intelligence

When questioned by Mike Allen of Axios about concerns regarding AI potentially eliminating jobs, Mnuchin responded: "not at all... I believe we are decades—50 or 100 years—away from that reality; it’s not something I am focused on." Former Treasury Secretary Lawrence Summers criticized this stance, likening it to climate denial and creationism. Fortune columnist Alan Murray highlighted this disagreement and suggested the misunderstanding largely stems from differing interpretations of "artificial intelligence." While recognizing Mnuchin's awareness of technology’s influence on employment and acknowledging the risk of underestimating its effects, Murray considered Summers' comparison to climate denial exaggerated.

China

Mnuchin often found himself at odds with trade advisor Peter Navarro, whose approach to China trade was notably more aggressive; Navarro accused Mnuchin of financially benefiting from Communist China without providing proof. In May 2018, amid trade negotiations in China, Navarro and Mnuchin publicly clashed after Navarro felt he had been excluded from certain meetings with Chinese representatives.

In August 2020, a tense exchange occurred between Mnuchin and Navarro in the Oval Office regarding the future of TikTok. Mnuchin supported the idea of selling TikTok to an American company, whereas Navarro advocated for a complete ban. This disagreement was described by The Washington Post as a "knockdown, drag-out brawl."

Environment

In January 2020, Mnuchin dismissed environmental advocate Greta Thunberg, suggesting she pursue economics studies at the university level before offering policy opinions. Others noted that thousands of PhD economists had endorsed a letter supporting carbon dioxide taxation.

Federal budget and benefits

On June 12, 2017, Mnuchin rejected the notion that failing to raise the debt limit before the August recess would disrupt federal operations and proposed synchronizing the debt ceiling with the budget process to prevent recurring complications. Two days later, he indicated that the Trump administration’s budget plan sought to enhance efficiency within international financial institutions.

Responding on July 13 to concerns about Social Security and Medicaid’s limited funding horizons, Mnuchin stressed that bolstering economic growth was essential for sustaining these programs, emphasizing that a stronger economy would help address anticipated deficits.

Taxes

Mnuchin was a member of the "Big Six," a coalition of lawmakers from Congress and the White House tasked with formulating tax reform legislation. This group included Senators Orrin Hatch and Mitch McConnell; Representatives Kevin Brady and Paul Ryan; and National Economic Council Director Gary Cohn.

Following the 2016 election, Mnuchin asserted that any tax cuts for higher earners would be offset by reductions in deductions, resulting in no net tax decrease for the wealthy—a concept later termed "The Mnuchin Rule" by Senator Ron Wyden. Critics such as Brad McMillan from Commonwealth Financial Network argued that initial Trump tax reform proposals disproportionately benefited affluent individuals and risked increasing the deficit. Mnuchin highlighted a priority on middle-income tax relief but acknowledged that congressional decisions would ultimately shape outcomes.

By mid-2017, Mnuchin and White House Legislative Affairs Director Marc Short committed to delivering a tax reform package to Congress by September, assuring that lowering top tax rates would be balanced by eliminating significant deductions so as not to provide net tax cuts for most high earners. Mnuchin later clarified that the "no absolute tax cut" statement represented an aspirational goal rather than a guarantee. Proposed changes included cutting the top tax rate from 39.6% to 35%, with anticipated growth in the budget deficit.

At the May 2017 Milken Institute Global Conference, Mnuchin noted substantial consensus among White House officials and House Republicans on reducing taxes. In June, he reported government tax revenues were below expectations but expressed no alarm. By July, he confirmed there were no plans to increase taxes on wealthy individuals and maintained confidence that the tax plan would be self-financing.

Mnuchin endorsed the Tax Cuts and Jobs Act of 2017, which was projected to add $1.5 trillion to the federal deficit. He contended that economic expansion triggered by the legislation would offset its cost and pledged a Treasury Department analysis prior to congressional approval. However, it was later revealed no such analysis existed before voting occurred. In December 2017, Treasury released a brief report acknowledging that growth alone would not cover the plan’s expenses.

In May 2018, shortly after attending an event hosted by Michael Milken at the Milken Institute, Mnuchin approved designating a non-low-income area in Storey County, Nevada, as an Opportunity Zone—providing investors like Milken with potential new tax advantages. Later that year, Mnuchin participated in another Milken Institute conference focused on Opportunity Zones and accepted private jet transportation from Milken. Subsequent Treasury guidance permitted previous investors to benefit from these designated zones.

International relations

During the G-20 finance ministers meeting on March 18, 2017, Mnuchin expressed support for the Trump administration's protectionist approach to trade policy.

On April 24, 2017, Mnuchin announced that the Treasury Department would impose sanctions on the Syrian Scientific Studies and Research Center to hold the Bashar al-Assad government responsible for breaching U.N. resolutions and the Chemical Weapons Convention.

On June 29, 2017, he targeted China's Bank of Dandong with sanctions for enabling North Korea's access to financial systems in the U.S. and globally.

Mnuchin declared sanctions on March 15, 2018, under the CAATSA and Executive Order 13694 against Russian individuals and organizations involved in cyberattacks.

At the G20 Finance Ministers Meeting held in Argentina on July 27, 2018, Mnuchin engaged with Turkey's Economy Minister Berat Albayrak to explore economic collaboration and strategic ties.

Beginning in November 2019, Mnuchin played a key role in mediating talks between Egypt, Ethiopia, and Sudan over the Grand Ethiopian Renaissance Dam, aiming to break an eight-year impasse. Egypt opposed the dam due to concerns about its Nile water supply. In February 2020, Mnuchin stressed that testing and filling of the dam should only advance following a formal agreement. Ethiopian Foreign Minister Gedu Andargachew criticized Mnuchin’s intervention as "ill-advised."

Support for President Trump

On April 26, 2017, Mnuchin declared that President Trump "has no intention" of releasing his tax returns, asserting that Trump "has shared ample information."

Following the violent clashes at the August 2017 Unite the Right rally in Charlottesville, Virginia—where neo-Nazis, Klansmen, and counter-protesters confronted each other—President Trump attributed blame to "both sides." In response, hundreds of Mnuchin’s classmates from Yale called for his resignation from the administration. Mnuchin defended both himself and Trump by clarifying that the president does not equate violent hate groups with peaceful protesters.

On September 24, Mnuchin appeared on This Week and State of the Union to back Trump's criticism of NFL players kneeling during the national anthem. He framed the matter as one concerning respect for military personnel and first responders rather than issues of free speech or race, stating that players "can express their views on their own time."

Comments on Lego Batman movie

In March 2017, Mnuchin encountered ethics scrutiny after encouraging parents in an interview with Axios to "send all your kids to LEGO Batman," seemingly promoting The Lego Batman Movie, on which he served as an executive producer. He had acknowledged earlier in the interview that he was "not allowed to promote anything that I'm involved in." Subsequently, Mnuchin wrote to Walter Shaub at the Office of Government Ethics (OGE) admitting he "should not have made that statement" and assured officials it was not his intention to endorse the film.

Divestment from prior businesses

In May 2017, Mnuchin’s fiancée, Louise Linton, took over as interim CEO of Dune Entertainment starting February 2017. This followed Mnuchin stepping down from his business roles as part of his ethics commitment before assuming office as Treasury Secretary. Senator Ron Wyden questioned whether Linton’s appointment implied incomplete divestment by Mnuchin. Although Treasury officials stated she served without pay, Linton resigned from her interim CEO position later that same month.

Government aircraft usage

After facing scrutiny for utilizing a United States Air Force jet during a trip to Kentucky coinciding with the solar eclipse, the Treasury Department's Office of the Inspector General (OIG) initiated an investigation into Mnuchin's use of official aircraft. The watchdog organization Citizens for Responsibility and Ethics in Washington (CREW) submitted a FOIA request seeking details about Mnuchin's travels; when no response was received, CREW filed a lawsuit against the Treasury to obtain the documents. Mnuchin denied that his journey was connected to viewing the eclipse, asserting he had no interest in it. He reimbursed $595 to the government to cover his wife Louise Linton’s share of the $26,900 trip expense.

During the OIG’s inquiry, it was revealed that Mnuchin had initially requested a military jet for his honeymoon in Europe in June 2017, citing the necessity for secure communications as a member of the National Security Council, but he later retracted this request after alternative arrangements were identified. Mnuchin emphasized his sensitivity regarding government expenditures and denied seeking government funds for personal travel. The OIG also discovered that Mnuchin used a United States Air Force C-37A aircraft to return from New York to Washington on August 15 after traveling commercially to New York. This flight, arranged by Mnuchin’s office but using a plane previously operated by Transportation Secretary Elaine Chao, lasted less than an hour and incurred a minimum cost of $25,000.

The OIG report published on October 4, 2017, concluded there was "no violation of law" concerning Mnuchin’s use of government aircraft but highlighted concerns about inadequate documentation justifying these trips under guidelines established by the Daley Memo and OMB Circular A-126. These policies stipulate that military aircraft usage must be authorized as a White House Support Mission only in limited cases where commercial travel is not feasible. Typically, reimbursements cover only equivalent economy-class fares.

The report examined nine military flight requests made by Mnuchin since March 2017: seven were approved and completed, one was withdrawn, and one remained pending. The seven completed trips amounted to $811,800 based on operating hours and hourly rates; notably, two European flights each exceeded $300,000 in cost. On a June trip to Ottawa accompanied by fiancée Linton, total expenses reached $16,350 with $744 reimbursed for her travel. Due to discrepancies in records concerning the August 15 New York flight, the OIG launched a subsequent investigation in October 2017 to verify all relevant documentation had been collected.

Student interruption episode

On February 26, 2018, Mnuchin delivered remarks at the University of California, Los Angeles, where he encountered heckling and initially restricted the release of video footage. The university later confirmed that although Mnuchin initially withheld permission for online publication of the recording, he eventually approved its dissemination.

Consideration of Twenty-fifth Amendment

Following the Capitol riot on January 6, 2021, Mnuchin was among cabinet members who engaged in discussions about invoking the Twenty-fifth Amendment as a means to remove Donald Trump from office. Mnuchin acknowledged being aware of these talks and indicated it was reasonable to assume he had been approached regarding this issue.

Personal life

Mnuchin's mother was an investor who had long-standing involvement with Bernie Madoff. Following her passing in early 2005, Mnuchin and his brother proceeded to liquidate her portfolio, resulting in proceeds totaling $3.2 million. A trustee appointed to recover Madoff-related funds initiated legal action to reclaim this money; however, the court determined that only investors who withdrew funds within two years prior to Madoff's 2008 downfall were eligible for recovery.

Marriages

Between 1992 and 1999, Mnuchin was wed to Kathryn Leigh McCarver.

In 1999, he entered into marriage with Heather deForest Crosby, with whom he fathered three children. Heather was notably involved in philanthropic endeavors and practiced yoga. Upon acquiring IndyMac, Mnuchin moved to a 21,000-square-foot estate valued at $26.5 million in Bel Air, located near the company's Pasadena offices. The couple divorced in 2014.

Mnuchin married actress Louise Linton on June 24, 2017, in a ceremony officiated by Vice President Mike Pence. A photograph from 2017 showing the couple holding a sheet of newly printed $1 bills at the Bureau of Engraving and Printing gained widespread attention online as a meme. In 2023, Mnuchin and Linton celebrated the birth of their daughter.

Non-profit work

Mnuchin has held prominent positions on Yale University's development board, served on the board of Riverdale Country School, and contributed both leadership and financial support to the national board of the youth organization Junior Achievement. Furthermore, he has been a member of the board for the Hirshhorn Museum and Sculpture Garden.

External links

Secretary of the Treasury Steven T. Mnuchin