Sheldon Adelson
Overview
- Source of Wealth
- casinos
- Industry
- Gambling & Casinos
- Residence
- Organization
- Chairman and CEO at Las Vegas Sands
- Education
- City College of New York (Drop Out)
- Children
- 5
Assets
- Las Vegas Sands Corp.432,001,703 shares @ $56.62$24,459,936,424LVS-US
- Las Vegas Sands Corp.55,160 shares @ $56.62$3,123,159LVS-US
- Las Vegas Sands Corp.77,000 shares @ $56.62$4,359,740LVS-US
- Las Vegas Sands Corp.27,000 shares @ $56.62$1,528,740LVS-US
Biography
Sheldon Adelson is the CEO and chairman of casino company Las Vegas Sands.
He owns more than half of the $14 billion (sales) gambling empire, which has casinos in Las Vegas, Singapore and Macao, China.
Adelson is currently being treated for cancer (non-Hodgkin's lymphoma), but he's still able to fulfill his executive duties.
He didn't get into the casino business until age 55, in 1989, when he and partners bought the Sands Hotel & Casino in Las Vegas for $128 million.
Adelson is a big donor to Jewish organizations and has given $410 million to Birthright, which funds trips to Israel for young Jewish adults.
A big President Trump supporter, Adelson and his wife donated $123 million to Republican campaigns and political action committees in 2018.
The son of immigrants from Lithuania and Wales, Adelson grew up sleeping on the floor of a Boston tenement.
About
At age 12, Adelson borrowed $200 from his uncle to buy the rights to sell newspapers on a Boston street corner.
Adelson made his first fortune organizing a computer trade show, Comdex, which he sold to Softbank in 1995 for some $862 million.