Sheldon Adelson Wiki Biography
Sheldon Gary Adelson was born in Boston, Massachusetts, on August 4, 1933, to Ukrainian and Lithuanian-Jewish (father) and English (mother) ancestors. He is a businessman, investor, and philanthropist who is most known as a casino mogul, specifically of the resort behemoth Las Vegas Sands Corp, but also as one of the world’s wealthiest people.
So, how much money does Sheldon Gary Adelson have? Sheldon has a net worth of $30 billion, according to authoritative sources, as of mid-2016 — the sum varies depending on the nature of his assets – but he is routinely placed among the world’s top 20 richest persons by “Forbes.”
Sheldon Adelson Net Worth $30 Billion
Sheldon Adelson was up in a poor family; his father was a cab driver, and his mother operated a haberdashery shop. Sheldon, on the other hand, has always had a flair for business. When he was twelve years old, the future business magnate borrowed $200 from his uncle to start a tiny business selling newspapers in his hometown of Boston.
Sheldon Adelson went on to work in a variety of industries after that, including selling sweets, reporting from a courtroom, and marketing a windshield cleaning solution. Adelson had already become a millionaire twice by the 1960s, after losing his initial wealth. The true qualities of an entrepreneur, according to the immensely successful magnate, were boldness, self-confidence, and the ability to keep picking oneself up even after failing — and Sheldon Adelson never stopped pulling himself up.
Sheldon Adelson was already a well-known personality in the business world by the 1970s. However, Adelson’s first major achievement was his choice to assist in the development of “COMDEX,” a trade fair for the computer industry that was one of the first of its kind. “COMDEX” would go on to become one of the world’s largest computer trade fairs, rivaling even CeBIT, the German international computer expo.
Sheldon Adelson received more than half of the gigantic $862 million deal when “COMDEX” was sold to the Japanese telecoms and internet giant “SoftBank Corp.” — his portion was allegedly $500 million, a major boost to Adelson’s net worth.
Adelson, however, was not willing to rest on his laurels, and in 1988, he utilized his newfound vast wealth to purchase Las Vegas’ iconic “Sands Hotel and Casino.” Sheldon Adelson, on the other hand, was not satisfied, and three years later, he opted to demolish the property totally, replacing it with a Venetian-themed resort and casino known as “The Venetian,” of which he is currently the CEO and Chairman.
The hotel would be a smash hit, and Adelson’s Venetian brand would grow with the addition of a new resort in Cotai, China. Sheldon Adelson has remained enthusiastic about his new Chinese investment, and plans have been made to create a slew of additional hotels, resorts, and casinos in the area, transforming it into a so-called “Cotai Strip.”
Sheldon Adelson has founded over 50 different enterprises over the course of his life, several of them have been very successful in their respective fields. His current assets include the Israeli daily newspaper “Israel Hayom” and the Las Vegas Review-Journal. His net worth has increased as a result.
Sheldon Adelson currently resides in Las Vegas with his second wife, Miriam Ochsorn (m. 1991). Shelley, Gary, and Mitchell are Adelson’s adopted children from his first marriage to Sandra, which ended in divorce in 1988. Mitchell died in 2005 after a heroin overdose. Adelson is noted for giving back, donating a large portion of his fortune to several charities and foundations, including his own “Adelson Foundation.” He is also a staunch Republican Party supporter.
|Date Of Birth
|August 4, 1933 (age 81
|Place Of Birth
|Dorchester, Boston, Massachusetts, United States
|Entrepreneur, Businessperson, Real estate development
|City College of New York
|Miriam Ochsorn (m. 1991), Sandra Adelson (m. ?–1988)
|Mitchell Adelson, Gary Adelson
|Arthur Adelson, Sarah Adelson
|Leonard Adelson, Gloria Rita Adelson Field
|Sheldon G Adelson , Sheldon G. Adelson , Sheldon Gary Adelson