Sheldon Adelson Net Worth is$25 Billion
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Profession: Entrepreneur, Businessperson, Chief Executive Officer, Real estate developer, Philanthropist
Date of Birth: Aug 4, 1933
Ethnicity: Jewish people
Country: United States of America
What is Sheldon Adelson's net worth? Sheldon Adelson is an American billionaire businessman with an estimated net worth of $25 billion dollars. That net worth makes Sheldon the 14th richest person in the world. Adelson is the Chief Executive Officer and Chairman of he Las Vegas Sands Corp., parent company of Venetian Macao Limited, which operates the Sands Expo and Convention Center and The Venetian Resort Hotel Casino. Adelson's source of wealth originates from his partnership in creating the trade show COMDEX for the computer industry. Adelson purchased and razed the legendary Sands hotel in Las Vegas, spending $1.5-billion to construct The Venetian, an all-suite Venice-themed resort hotel and casino, in its place. The creation of the Venetian revolutionized the Las Vegas hotel industry. His net worth has been gained largely through his business ventures within the casino industry, although his career has perhaps predictably not been free of accusations of corruption. One thing Adelson has become somewhat (in)famous for is his hardline political stances. At first a Democrat, Adelson is said to have drifted to the right as his net worth continued to increase. His opinion on the matter can be summed up by this quote: "Why is it fair that I should be paying a higher percentage of taxes than anyone else?" Adelson originally got the money that would become the source of his immense wealth through his work with COMDEX, a computer technology trade show developed in 1979. From there, he purchased the famous Sands Hotel and Casino in Las Vegas, and has put the Vegas landmark through various different iterations since then. Adelson has been the subject of various controversies, including an alleged telephone conversation between he and his friend Tom De Lay, who at the time was the House Majority Leader. Adelson allegedly had a hand in a particular bill being shot down in the house, although he has denied this. He continues to operate his business both in Las Vegas and around the globe.
Sheldon Gary Adelson (born August 4, 1933) is an American business magnate. He is the Chairman and Chief Executive Officer of the Las Vegas Sands Corporation, the parent company of Venetian Macao Limited which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. Adelson vastly increased his net worth upon the initial public offering of Las Vegas Sands in December 2004. He is listed in the Forbes 400 as the eighth wealthiest American. His personal wealth is estimated to be $24.9 billion as of March 2012.
Adelson was born and grew up in the Dorchester neighborhood of Boston, Massachusetts, the son of Ukrainian Jewish immigrants. He worked as a mortgage broker, investment adviser and financial consultant. He started a business selling toiletry kits, and in the 1960s he started a charter tours business. Adelson went to college at the City College of New York, but dropped out.
Originally a Democrat, Adelson became a Republican as his wealth increased. "Why is it fair that I should be paying a higher percentage of taxes than anyone else?" he once asked. He began making major contributions to the Republican National Committee following clashes with labor unions at his Las Vegas properties.
The original source of Adelson's wealth and current investments was the computer trade show COMDEX, which he and his partners developed for the computer industry; the first show was in 1979. It was the premier computer trade show through much of the 1980s and 1990s.
In 1988, Adelson and his partners purchased the Sands Hotel and Casino in Las Vegas, the former hangout of Frank Sinatra and the Rat Pack, in order to bring Las Vegas to a new source of business from the exhibition industry. The following year, Adelson and his partners constructed the Sands Expo and Convention Center, then the only privately owned and operated convention center in the United States.
In 1991, while honeymooning in Venice with his second wife, Miriam, Adelson found

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Sheldon Adelson Latest News

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