A reporter for Forbes Magazine has surmised that Elaine Wynn’s divorce from casino developer Steve Wynn could land her a spot on the next Forbes 400 list.
Elaine and Steve Wynn’s split was finalized earlier this month. The pair equally divided their community property ownership of more than 22 million shares of Wynn Resorts stock.
Elaine Wynn, a director in Wynn Resorts, now controls almost 11.1 million shares of the company stock, worth almost $800 million. It’s also thought she received most, if not all, of $114 million the pair realized when they sold company stock last August in anticipation of the divorce.
The result, according to Forbes reporter Duncan Greenberg, leaves Elaine Wynn with a “pile of dough” and a net worth nearing $1 billion.
Wynn Resorts Chairman Steve Wynn had a net worth of $2.3 billion and was ranked 141st on the Forbes 400 last year.