Sheldon Adelson Net Worth $34.1 billion
Sheldon Adelson salary $2,000,000,000
Sheldon Adelson Net Worth: How rich is Sheldon Adelson? & How much money is Sheldon Adelson worth? Time to find out!
Sheldon Adelson is a an American business magnate, investor, and philanthropist and his current net worth is $34.1 billion.
Born into a low-income family, he grew up in the Dorchester neighborhood of Boston, Massachusetts, as the son of Sarah and Arthur Adelson.
His father, who drove a taxi, came from Ukrainian and Lithuanian ancestry, while his mother who emigrated from England ran a knitting shop.
At the age of 12, he started his business career, after borrowing $200 from his uncle, and bought a license to sell newspapers in Boston.
Four years later, he borrowed $10,000 from his uncle to start a candy-vending-machine business.
He went to trade school to become a court reporter and later on he joined the army.
Before he attended City College of New York, but dropped out to focus on his entrepreneurship, he opened a business to sell toiletry kits.
After discharged from the army he started another business named De-Ice-It, selling a chemical spray to help clear frozen windshields.
How did Sheldon Adelson get famous?
Upon opening a charter tours business in the 1960s, he became a millionaire, although by his 30s he had built and lost a fortune, twice.
Throughout his career he has created almost 50 of his own businesses.
Then in the late 1970s, along with his partners he has developed the computer trade shows COMDEX, for the computer industry.
How does Sheldon Adelson make money?
In 1995, they sold the Interface Group Show Division, including COMDEX shows to SoftBank Corporation of Japan for $862 million.
He had a share valued at over $500 million.
In 1988, his partners and he bought the Sands Hotel and Casino in Las Vegas, the place where Frank Sinatra and the Rat Pack used to hangout.
Then in the following year, he and his partners built the Sands Expo and Convention Center. The building became the only privately owned and operated convention center in the US at that time.
While in vacation with his wife he came up with the idea of building a mega-resort hotel. He razed the Sands and spent $1.5 billion to build The Venetian, a Venice-themed resort hotel and casino.
Today, he is the chairman and CEO of Las Vegas Sands, the largest casino company in America.
He is also the owner of the Israeli daily newspaper Israel Hayom, and the Las Vegas Review-Journal.
Adelson, a lifelong donor and philanthropist to a variety of causes, founded with his wife’s initiative the Adelson Foundation. He has also endorsed Donald Trump in the 2016 Presidential Elections, donating $5 million.
As of June 2017, Forbes listed him with a net worth of $34.1 billion.