Sheldon Adelson
Sheldon Adelson

Celebrity Profile

Name: Sheldon Adelson
Occupation: Entrepreneur
Gender: Male
Birth Day: August 4, 1933
Age: 87
Birth Place: Boston, United States
Zodiac Sign: Leo

Social Accounts

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Weight: in kg - N/A
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Sheldon Adelson

Sheldon Adelson was born on August 4, 1933 in Boston, United States (87 years old). Sheldon Adelson is an Entrepreneur, zodiac sign: Leo. Find out Sheldon Adelsonnet worth 2020, salary 2020 detail bellow.

Brief Info

Billionaire casino mogul who became a prominent supporter of Mitt Romney during the 2012 presidential election.

Trivia

He and his wife both donated $250,000 for the best seats at George W. Bush's second inauguration. They spent more than $30 million on the 2008 elections alone through the advocacy group Freedom's Watch.

Net Worth

Net Worth 2020

$30 Billion

Salary 2020

Not known

With the net worth of $30 Billion, Sheldon Adelson is the # 47 richest person on earth all the time follow our database.

Sheldon Adelson Net Worth Detail

Net Worth details: Adelson controls about 54 percent of the world's largest casino operator Las Vegas Sands. In 2012 Adelson's wife exercised a warrant to purchase 87.5 million common shares at a total cost of $525 million. In 2005 and 2006, Sheldon sold about $3 billion worth of his stock, and the next year he gave his wife $1 billion. The company controls casinos, resorts, and convention centers in the United States and Asia and had $11.4 billion revenue in 2016.

Sheldon Adelson Real Estate

Real Estate: Starting in the mid-90s, Sheldon Adelson began establishing a considerable presence in the famed Malibu Colony neighborhood – one of the most exclusive areas in Malibu. Malibu Colony is a gated enclave with a private beach and features just 120 houses filled with affluent individuals and high-profile celebrities.

Adelson was initially content with owning just one property in the enclave, but in 2013 he started buying up numerous nearby homes – starting with a $13.3 million purchase of two homes belonging to famed soap opera creator Lee Phillip Bell.  These purchases continued throughout the next few years, with Sheldon allegedly spending more than $90 million on various properties in the neighborhood. In 2020, reports suggested that he had acquired his ninth home in Malibu Colony for $16.9 million.

Sheldon Adelson also maintains a considerable real estate presence in Las Vegas. Although he seems obsessed with properties in Malibu, his main place of residence is actually a shockingly-large 44,000-square-foot home in Las Vegas. The property takes up three lots and has its own private water park in the backyard. It is also allegedly the largest private residence in all of Clark County, Nevada.

Before Fame

He bought the Sands Casino in Las Vegas and opened another one in Macao on his way to becoming the third-richest American according to Forbes.

Biography Timeline

1933

Sheldon Gary Adelson was born in 1933 and grew up in the Dorchester neighborhood of Boston, the son of Sarah (née Tonkin) and Arthur Adelson. His father was a cab driver His father's family was of Ukrainian Jewish and Lithuanian Jewish ancestry. His mother immigrated from England, and Adelson claimed that his grandfather was a Welsh coal miner. His father drove a taxi, and his mother ran a knitting shop.

1979

In the late 1970s, Adelson and his partners developed the COMDEX trade shows for the computer industry, beginning in 1979. It was the premier computer trade show through much of the 1980s and 1990s.

1988

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. 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 U.S.

In the 1970s, Sheldon Adelson lived in Massachusetts with his wife, Sandra, and her three children, Mitchell, Gary and Shelley, whom Sheldon adopted when they were young. The couple divorced in 1988.

1991

In 1991, while honeymooning in Venice with his second wife, Miriam, Adelson found the inspiration for a mega-resort hotel. He razed the Sands and spent $1.5 billion to construct The Venetian, a Venice-themed resort hotel and casino. The Venetian opened May 3, 1999. In 2003, The Venetian added the 1,013-suite Venezia tower – giving the hotel 4,049 suites; 18 restaurants and a shopping mall with canals, gondolas and singing gondoliers.

Adelson met Miriam Farbstein Ochshorn, a medical doctor, on a blind date the following year; they married in 1991. She was previously married to a Tel Aviv physician, Dr. Ariel Ochshorn, with whom she had two daughters. Miriam "Miri" Farbstein was born in Mandatory Palestine in 1946, to parents that fled Poland before the Holocaust and settled in the city of Haifa. After earning a Bachelor of Science in Microbiology and Genetics from the Hebrew University of Jerusalem and a medical degree from Tel Aviv University's Sackler Medical School, she went on to become the chief internist in an emergency room at Tel Aviv's Rokach (Hadassah) Hospital. In 1993, she founded a substance abuse center and research clinic there, and in 2000, the couple opened the Dr. Miriam and Sheldon G. Adelson Research Clinic in Las Vegas.

1995

In 1995, Adelson and his partners sold the Interface Group Show Division, including the COMDEX shows, to SoftBank Corporation of Japan for $862 million; Adelson's share was over $500 million.

2001

In 2001, Adelson was diagnosed with peripheral neuropathy, which restricts his ability to stand and walk. On February 28, 2019, Las Vegas Sands announced that Adelson was receiving treatment for non-Hodgkin's lymphoma. The news was disclosed after a Sands attorney claimed Adelson was too weak to sit for a deposition in a court case involving Richard Suen. Sands spokesman Ron Reese said the side effects of Adelson's medical treatment had "restricted his availability to travel or keep regular office hours” but had not “prevented him from fulfilling his duties as chairman and CEO” of Las Vegas Sands.

2004

Adelson spearheaded a major project to bring the Sands name to Macau, the Chinese gambling city that had been a Portuguese colony until December 1999. The one-million-square-foot Sands Macao became the People's Republic of China's first Las Vegas-style casino when it opened in May 2004. He recovered his initial $265-million investment in one year and, because he owns 69% of the stock, he increased his wealth when he took the stock public in December 2004. Since the opening of the Sands Macao, Adelson's personal wealth has multiplied more than fourteen times.

In May 2004, Adelson opened Sands Macao, Asia's first American style casino.

2005

In 2005, Adelson and his wife each contributed $250,000 to the second inauguration of George W. Bush.

2006

In the late 2000s, Adelson and the company decided to build a casino resort in Bethlehem, Pennsylvania. It is one of five stand-alone casinos that were awarded a slots license by the Pennsylvania Gaming Control Board in 2006. The casino opened May 22, 2009. Table games began operation on July 18, 2010. The hotel opened May 27, 2011. Adelson said "If we have the opportunity to build an integrated resort, we're going to do it. We think it will attract the customers and the tax revenue to the state of Pennsylvania and the Lehigh Valley and the cities that are in it."

In May 2006, Adelson's Las Vegas Sands was awarded a hotly contested license to construct a casino resort in Singapore's Marina Bay. The new casino, Marina Bay Sands, opened in 2010 at a rumored cost of $5.5 billion. It includes stores at The Shoppes, convention center for Sands Live concert series, multiple swimming pools, night clubs, and 2,500 luxury hotel rooms.

Adelson donated over $25 million to The Adelson Educational Campus in Las Vegas to build a high school. In 2006, Adelson contributed $25 million to the Yad Vashem Holocaust Martyrs' and Heroes' Remembrance Authority.

2007

In August 2007, Adelson opened the $2.4-billion Venetian Macao Resort Hotel on Cotai and announced that he planned to create a massive, concentrated resort area he called the Cotai Strip, after its Las Vegas counterpart. Adelson said that he planned to open more hotels under brands such as Four Seasons, Sheraton and St. Regis. His Las Vegas Sands planned to invest $12 billion and build 20,000 hotel rooms on the Cotai Strip by 2010.

In 2007, Adelson made an unsuccessful bid to purchase the Israeli newspaper Maariv. When this attempt failed, he proceeded with parallel plans to publish a free daily newspaper to compete with Israeli, a newspaper he had co-founded in 2006 but had left. The first edition of the new newspaper, Israel Hayom, was published on July 30, 2007. On March 31, 2014, Adelson received the go-ahead from a Jerusalem court to purchase Maariv and the conservative newspaper Makor Rishon. In 2016, Adelson's attorney announced that he does not own Israel Hayom, but that it is owned by a relative of his.

Since 2007, the Adelson Family Foundation has made contributions totaling $140 million to Birthright Israel, which finances Jewish youth trips to Israel. He also donated $5 million to the Friends of the Israel Defense Forces in 2014.

In 2007, Adelson's estimated wealth was $26.5 billion, making him the third-richest person in the United States according to Forbes. and $26 billion for 2008.

2008

Adelson and his wife, Miriam Adelson, were presented with the Woodrow Wilson Award for Corporate Citizenship by the Woodrow Wilson International Center for Scholars of the Smithsonian Institution on March 25, 2008.

Additionally, President George W. Bush appointed the Adelsons to serve on the Honorary Delegation to accompany him to Jerusalem for the celebration of the 60th anniversary of the State of Israel in May 2008.

Adelson was the principal financial backer of Freedom's Watch, a now-defunct political advocacy group founded to counter the influence of George Soros and Democratic-leaning lobby groups such as MoveOn.org. "Almost all" of the $30 million Freedom's Watch spent on the 2008 elections came from Adelson.

A June 2008 profile in The New Yorker detailed several controversies involving Adelson. In 2008 Richard Suen, a Hong Kong businessman who had helped Adelson make connections with leading Chinese officials in order to obtain the Macau license, took Adelson to court in Las Vegas alleging he had reneged on his agreement to allow Suen to profit from the venture. Suen won a $43.8 million judgement; in November 2010, the Nevada Supreme Court overturned the judgment and returned the case to the lower court for further consideration. In the 2013 retrial, the jury awarded Suen a verdict for $70 million. The judge added another $31.6 million in interest, bringing the total judgment against Adelson to $101.6 million. Adelson is appealing again. Adelson faces another trial over claims by three alleged "middlemen" in the deal who are suing for at least $450 million.

Adelson successfully sued the London Daily Mail for libel in 2008. The newspaper had accused him of pursuing "despicable business practices" and having "habitually and corruptly bought political favour". Adelson won the libel case, which was described as "a grave slur on Mr Adelson's personal integrity and business reputation", and he won a judgment of approximately £4 million, which he said he would donate to London's Royal Marsden Hospital.

In 2008, the share prices of the Las Vegas Sands Corp. plunged. In November 2008, Las Vegas Sands Corp. announced it might default on bonds that it had outstanding, signaling the potential bankruptcy of the concern. Adelson lost $4 billion in 2008, more than any other American billionaire. In 2009, his net worth had declined from approximately $30 billion to $2 billion, a drop of 93%. He told ABC News "So I lost $25 billion. I started out with zero...(there is) no such thing as fear, not to an entrepreneur. Concern, yes. Fear, no". In the Forbes 2009 world billionaires list, Adelson's ranking dropped to #178 with a net worth of $3.4 billion, but by 2011, after his business had recovered, he was ranked as the world's 16th-richest man with a net worth of $23.3 billion.

2010

In 2010, during the Great Recession, Adelson told The Wall Street Journal "If it were today, we probably wouldn't have started it."

In 2010, Adelson donated $1 million to American Solutions for Winning the Future, a political action committee (PAC) supporting Republican former Speaker of the House Newt Gingrich. In December 2011, during Gingrich's bid for the U.S. presidency, Adelson spoke favorably of controversial remarks Gingrich had made about Palestinians, saying "read the history of those who call themselves Palestinians, and you will hear why Gingrich said recently that the Palestinians are an invented people." He has donated to U.S. Senate and congressional candidates.

2011

According to a Target Group Index (TGI) survey published in July 2011, Israel Hayom, which unlike all other Israeli newspapers is distributed for free, became the number-one daily newspaper (on weekdays) four years after its inception. This survey found that Israel Hayom had a 39.3% weekday readership exposure, Yedioth Ahronoth 37%, Maariv 12.1%, and Haaretz 5.8%. The Yedioth Ahronoth weekend edition was still leading with a 44.3% readership exposure, compared to 31% for the Israel Hayom weekend edition, 14.9% for Maariv, and 6.8% for Haaretz. This trend was already observed by a TGI survey in July 2010.

In 2011, the Israeli press said that Adelson was unhappy with the coverage on Israeli Channel 10 alleging Adelson had acquired a casino license in Las Vegas inappropriately through political connections. The channel apologized after Adelson threatened a lawsuit. This led to the resignations of the news chief, Reudor Benziman; the news editor, Ruti Yuval; and the news anchor, Guy Zohar, who objected to the apology. After two months of deliberations, the Israeli Second Authority for Television and Radio ruled that although there were some flaws in the manner in which the apology had been conducted, the decision to apologize had been correct and appropriate.

2012

Adelson says that because of his upbringing in an immigrant family in an underprivileged neighborhood of Boston, "it went without saying that we were Democrats". He attributed his family's loyalty to their belief that the Democratic Party of the 1930s and 1940s shared their commitment to charity, self-reliance, and accountability, as well as support for Jewish causes. In a 2012 Wall Street Journal op-ed titled "I Didn't Leave the Democrats. They Left me", Adelson specifies three reasons why he switched political parties to the Republicans. First, he cites foreign policy, pointing to a Gallup poll that suggests Republicans are more supportive of Israel than Democrats. Second, he cites statistics that suggest Republicans are more charitable than Democrats. To support this claim Adelson cites a report from The Chronicle of Philanthropy, which claims, after studying tax data from the IRS, that U.S. states that vote Republican are more generous to charities than those states that vote Democratic. "My father, who kept a charity box for the poor in our house ... would have frowned on this fact about modern Democrats." Third, he cites a nonpartisan study of Illinois's finances by the State Budget Crisis Task Force and political scientist Walter Russell Mead claiming that Democratic Party economic policies don't deliver on their promises of social justice and have wrecked one of the country's potentially most prosperous and dynamic states (Illinois).

In February 2012, Adelson told Forbes magazine that he is "against very wealthy people attempting to or influencing elections. But as long as it's doable I'm going to do it. Because I know that guys like Soros have been doing it for years, if not decades. And they stay below the radar by creating a network of corporations to funnel their money. I have my own philosophy and I'm not ashamed of it. I gave the money because there is no other legal way to do it. I don't want to go through ten different corporations to hide my name. I'm proud of what I do and I'm not looking to escape recognition."

During the 2012 Republican Party presidential primaries, Adelson first supported Newt Gingrich and then the eventual nominee Mitt Romney. Altogether he spent $92 million supporting losing candidates during the 2012 United States presidential election cycle.

On January 7, 2012, Adelson bolstered Gingrich's then-faltering campaign with a $5-million donation to the pro-Gingrich super PAC Winning Our Future. By the next day, the super PAC had reserved more than $3.4 million in advertising time in the South Carolina primary, which included production and distribution of a half-hour movie that portrayed Gingrich's political rival Mitt Romney as a "predatory corporate raider".

In June 2012, Adelson donated $10 million to the pro-Romney PAC Restore Our Future. In July, Adelson attended a Romney fundraiser held in Jerusalem. Adelson joined Woody Johnson, John Rakolta, Paul Singer, and several dozen other contributors on the trip. According to Bloomberg Businessweek, as of July Adelson had given Republicans more than $30 million for the 2012 election cycle.

In August 2012, the Democratic Congressional Campaign Committee (DCCC), after being threatened with a libel suit, apologized and withdrew two blog posts that claimed Adelson had donated "Chinese prostitution money" to Republicans. Another organization, the National Jewish Democratic Council, posted on their website that Adelson "personally approved" of prostitution at his Macau resorts. Adelson sued for libel, but a federal judge dismissed the suit in September 2013, ordering Adelson to pay the NJDC's legal fees.

2013

In a panel discussion at Yeshiva University on October 22, 2013, Adelson said that the United States must get tougher on the issue Iran's suspected nuclear weapons program. He said: "You pick up your cell phone and you call somewhere in Nebraska and you say 'OK, let it go' and so there's an atomic weapon goes over, ballistic missiles in the middle of the desert that doesn't hurt a soul, maybe a couple of rattlesnakes and scorpions or whatever". He explained that, after a show of force and a threat to also drop a nuclear bomb on Tehran, the U.S. should then say: if "You [Iran] want to be peaceful, just reverse it all and we will guarantee that you can have a nuclear power plant for electricity purposes, energy purposes." Adelson's spokesman told reporters that Adelson "was obviously not speaking literally" about using an atomic bomb in the desert, and that he was "using hyperbole to make a point that ... actions speak louder than words".

In February 2013, the Las Vegas Sands, in a regulatory filing, acknowledged that it had likely violated federal law that prohibits the bribing of foreign officials. Allegedly, Chinese officials were bribed to allow Adelson to build his Macau casino.

In 2013, Adelson earned a top ranking on Forbes' Annual "Biggest Winner" List, his dramatic growth a result of the success of his casinos in Macau and Singapore, adding an estimated $15 billion to his net worth during the year. In 2013, Adelson was worth $37.2 billion according to Forbes, and as of December 2014, his net worth is $30.4 billion.

2014

In 2014, Adelson was named to CNBC's list of 200 people who have transformed business over the last 25 years; those on the list were described as "top leaders, icons and rebels, a definitive list of people who have had the greatest influence, sparked the biggest changes and caused the most disruption in business over the past quarter century."

Early in 2014, Adelson donated $2.5 million to the Drug Free Florida Committee, the political committee trying to defeat Florida's Right to Medical Marijuana Initiative which would legalize Medical cannabis in that state. Later in 2014, Adelson donated an additional $1.5 million to the No On 2 campaign. He believes that cannabis is a gateway drug.

According to a 2014 Washington Post report, Adelson's strategy for the 2016 United States presidential election was to support a mainstream candidate capable of winning the presidency. In March 2014 Adelson was set to hold one-on-one chats with possible candidates Jeb Bush, Chris Christie, Scott Walker, and John Kasich during the spring meeting of the Republican Jewish Coalition held at Adelson's hotel and casino The Venetian Las Vegas. During the December 2015 Republican debate held at that same venue, Adelson was reported to have held one-on-one meetings with several of the candidates prior to the start of the debate, including front runner Donald Trump. The bidding to become Adelson's favorite, and ultimately receive tens of millions in financial support, was informally called "The Adelson Primary". On May 13, he endorsed Trump for president, and pledged as much as $100 million to support his campaign.

2015

Adelson's company was reportedly under federal investigation over alleged violations of the Foreign Corrupt Practices Act relating to payments made to a Macau lawyer. In 2015, Sands agreed to pay a $9 million settlement with the Securities and Exchange Commission, which included no admission of wrongdoing.

In December 2015, Adelson purchased the Las Vegas Review-Journal newspaper. The purchase was made through a limited liability company called News + Media Capital Group LLC, and his involvement with the deal was initially kept secret. A week after the purchase was announced, three Review-Journal reporters revealed that the deal had been orchestrated by Adelson's son-in-law Patrick Dumont on Adelson's behalf. Commentators described the $140 million paid for the paper as "lavish" and as a dramatic overpayment, and speculated that the move was a power play to further Adelson's business or political agendas.

Adelson has fought increasingly hard against internet based gambling in recent years. Despite the legalization, and acceptance from many Las Vegas Casino CEOs, Adelson has poured money into candidates who want to overturn recent state legislation that legalizes online gambling. In early 2015, Adelson publicly backed a bill introduced in the U.S. House of Representatives. The legislation, named the Restore America's Wire Act, has been met with mixed reviews by the Republican Party.

2016

Within a few weeks the paper's editor stepped down in a "voluntary buyout". In January 2016, a set of editorial principles were drawn up and publicized to ensure the newspaper's independence and to deal with possible conflicts of interest involving Adelson's ownership. In February Craig Moon, a veteran of the Gannett organization, was announced as the new publisher and promptly withdrew those principles from publication. He also began to personally review, edit, and sometimes kill stories about an Adelson-promoted proposal for a new Las Vegas football stadium. In the months since, reporters say that stories about Adelson, and particularly about an ongoing lawsuit involving his business dealings in Macau, have been heavily edited by top management.

On September 23, Adelson announced a $25 million donation to Trump's presidential campaign, as part of a $65 million donation to the Republican electoral campaign for 2016. This makes Adelson by far the biggest donor in either party (Republicans or Democrats) in the 2016 election cycle. It also makes him by far the largest donor to Donald Trump's White House bid.

In October 2016, Adelson, whose son died of a drug overdose, donated one million dollars to the campaign against Massachusetts ballot question 4 the Massachusetts Legalization, Regulation and Taxation of Marijuana Initiative which legalized marijuana for personal use. Adelson also donated $1,500,000 towards the unsuccessful effort to thwart the 2016 Florida medical Marijuana Legalization Initiative.

Adelson sat out the 2016 Republican primaries, with some early indicators at the beginning of 2016 interpreted as showing that Adelson favored Trump. In May 2016, explaining his reasons for officially endorsing Donald Trump's presidential bid, Adelson cited the importance of CEO experience in a presidential nominee.

In a 2016 listing of the top 100 people positively influencing Jewish life, Adelson was described as one of the world's most generous and influential Jewish philanthropists, who 'continues to make outsized gifts to a range of Jewish and non-Jewish groups'.

2017

He started his business career at the age of 12, when he borrowed $200 from his uncle (or $2,740 in 2017 dollars) and purchased a license to sell newspapers in Boston. Aged 16 in 1948, he then borrowed $10,000 (or $102,349 in 2017 dollars) from his uncle to start a candy-vending-machine business. He attended the City College of New York, but did not graduate, and attended trade school in a failed attempt to become a court reporter, then subsequently joined the army.

Adelson owns a fleet of private jets through Las Vegas Sands. On January 2, 2017, Adelson's Airbus A340-500 jet set a record for the Ben Gurion International Airport by making the longest flight ever leaving the airport by flying nonstop to Honolulu, Hawaii, by way of the Arctic Ocean.

2018

For the 2018 United States elections, Adelson donated approximately $113 million to the Republican Party through various conservative political action committees.

On January 31, ABC News reported that Adelson and his wife Miriam had contributed $500,000 to the Patriot Legal Expense Fund Trust, which was set up in 2018 to assist aides of President Trump under investigation by special counsel Robert Mueller's probe into Russian interference in the 2016 United States elections. The contributions are the Trust's largest to date.

2020

It is estimated Adelson will donate $200 million to Trump and the GOP for 2020 election cycle. Given a call to Adelson by Trump in early August complaining that Adelson had not done enough for him, the amount of a donation could be affected. On October 15, 2020, Adelson gave $75 million to a Trump PAC, in a late push for reelection.

Family Life

Sheldon divorced his first wife Sandra and met his second one on a blind date. Sheldon has two sons named Mitchell and Gary.

🎂 Upcoming Birthday

Currently, Sheldon Adelson is 89 years, 0 months and 14 days old. Sheldon Adelson will celebrate 90th birthday on a Friday 4th of August 2023. Below we countdown to Sheldon Adelson upcoming birthday.

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Recent Birthday Highlights

86th birthday - Sunday, August 4, 2019

Happy birthday! Sheldon Adelson turns 86 today - Mediamass

Las Vegas Sands founder Sheldon Adelson is celebrating his 86th birthday today. As a number of online tributes attests, he is one of the most acclaimed business men of his generation.

Sheldon Adelson 86th birthday timeline

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