Sheldon Adelson is a well-known business magnate from America who is best known to be the founder, chief executive officer, and chairman of Las Vegas Sands Corporation. He is the owner of Singapore’s Marina Bay Sands, and his company is the parent company of many companies. Adelson is also the owner of the newspaper ‘Israel Hayom’. Here is a quick summary of Sheldon Adelson’s net worth in 2018, career and earnings.
Sheldon Adelson Early Life
Sheldon Gary Adelson was born on August 4, 1933, in Boston, Massachusetts to his parents Arthur Adelson and Sarah Adelson. He was raised in the Dorchester neighborhood.
He went to a trade school to be a court reporter and later went to City College of New York but only to get dropped out. Adelson started his business career when he was 12 years old. Following his school, he also joined the army.
Sheldon Adelson was first married to Sandra. They had three adopted children named Shelley, Gary, and Mitchell. He divorced Sandra in 1988. In 1991, he got married to Miriam Ochshorn, who was previously married to Ariel Ochshorn and had two daughters.
Adelson is a philanthropist and has donated more than $25 million to build schools in Las Vegas. He is the founder of The Adelson Educational Campus. He has also made millions of donations to the Republican Party.
Sheldon Adelson Career, Awards & Achievement
At 12, Sheldon Adelson borrowed $200 and began to sell newspapers in Boston. At the age of 16, he further borrowed $10,000 to begin a car-vending machine business. After getting discharged from the army, he started to sell chemical spray which was called De-Ice-It. He did charter tour business in the 1960s. In his business career, he owned almost 50 businesses.
In the 1970s, he co-developed the computer trade show ‘COMDEX’. It became a premier computer trade show since its launch. In 1992, it was sold to Japan’s SoftBank Corporation for $862 million. His share was more than $500 million.
In 1988, he bought the Las Vegas’s Sands Hotel and Casino. He then went on to construct the Sands Expo and Convention Center. In 1999, he constructed ‘The Venetian’ for $1.5 billion. He also built a casino in the late 2000s in Bethlehem, Pennsylvania.
Adelson opened the Sands Macao casino in China in 2004. In 2007, he opened the Venetian Macao, a resort hotel worth $2.4 billion. He co-founded the Israeli newspaper called ‘Israel Hayom’ in 2007. This was followed by buying the newspaper Las Vegas Review-Journal.
Awards & Achievements
In 2008, Sheldon Adelson received the Woodrow Wilson Award from Woodrow Wilson International Center for Scholars. The Nevada Policy Research Institute has bestowed him with the Chairman’s Award. He was appointed by George W. Bush to be on the Honorary Delegation to Jerusalem.
Net Worth of Sheldon Adelson
Sheldon Adelson has an estimated net worth of more than $36 billion. According to Forbes, his wealth was $26 billion in 2008. He owes this fortune to his business career. Forbes estimated that his wealth was $37.2 billion in 2013. He also owns a fleet of private jets. He owns a number of businesses and started venturing into the business from a very young age. In 2007, he was the third richest person in the USA. His annual income is a reported $2 billion.
Sheldon Adelson is considered one of the most popular businessmen in the world. He has done many businesses in his career and found considerable success in it. He is also a philanthropist and has made donations worth millions of dollars. He has also been a contributor to the Republican Party and donated $25 million to the presidential campaign of Donald Trump in 2016. In the recent years, Sheldon Adelson has fought hard against internet gambling.