Sheldon Adelson
Birthname Sheldon Gary Adelson Birthdate August 4, 1933 Birthplace Boston, Massachusetts, U.S. Profession Businessman Net worth $31,400,000,000 Source of Wealth Casino, Leisure Nationality United States Marital Status Married (Miriam Ochsorn) Children 2 (Mitchell Adelson, Gary Adelson)Quick Links
American casino magnate, Sheldon Gary Adelson, has a net worth of $31.4 billion in August 2019. Currently the 8th wealthiest American and 16th wealthiest person in the world, Adelson vastly increased his net worth upon the initial public offering of Las Vegas Sands in December 2004. He is Chairman and Chief Executive Officer of the Las Vegas Sands Corp., the parent company of Venetian Macao Limited which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. His fortune is up $7 billion since in 2010, as his strong position in the casino-crazy Asian markets has pushed stock of Las Vegas Sands up roughly 50% to a recent $48. (Shares once traded as low as $1.50 in 2009.) Through his majority-owned subsidiary Sands China, Adelson has 3 resorts in Macau.
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. He sold it to Japan's Softbank for $862 million in 1995 and later built the $1.5 billion Venetian Resort Hotel Casino and the 1.2-million-square-foot Sands Convention Center in 1997 in Las Vegas. He opened the $1.9 billion Palazzo resort in 2008.
Earnings & Financial Data
Date | Category | Description | Amount |
|---|---|---|---|
2006 | Asset | Value of the Venetian Macao Resort Hotel he opened in Cotai | $2,400,000,000 |
2003 | Asset | Value of his Sands Macao casino | $265,000,000 |
1994 | Sale of Asset | Value of his tech conference Comdex upon sale to SoftBank Corporation of Japan | $862,000,000 |
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