Sheldon Adelson was a busy man.
He built very large hotels. He also owned many newspapers. He gave a lot of money to help people. He worked hard for a long time.
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Sheldon Adelson was a very busy man.
He started many different businesses. When he was ten, he sold newspapers. Later, he sold candy from machines.
He built huge hotels with many rooms. Some were in Las Vegas. Other big hotels were in Singapore. He also owned many newspapers. He gave much money to help people. He was a very successful businessman.
Sheldon Adelson was a very successful businessman.
He started many different companies. When he was ten, he sold newspapers. At age fifteen, he sold candy from machines. He also worked in the army. Later, he made a spray to clear ice from car windows.
Adelson became famous for building large resorts. He was the leader of Las Vegas Sands Corporation. He helped build The Venetian in Las Vegas. This hotel is themed after the city of Venice.
He also built the Venetian Macao in China. His company built Marina Bay Sands in Singapore.
This was one of the most expensive buildings in the world.
He also owned several newspapers. He owned the Las Vegas Review-Journal. He also owned newspapers in Israel. Adelson gave much money to political groups. He was a major donor to the Republican Party. He gave a lot of money to Donald Trump.
He also helped the Israeli government. In 2007, he started a charity. It helps with healthcare and supports Jewish people.
Sheldon Adelson was a very successful businessman and investor.
He was known as a serial entrepreneur because he started almost 50 different businesses. He grew up in the Dorchester neighborhood of Boston. His father worked as a taxi driver. His mother ran a small knitting shop. Adelson started his first business at only ten years old. He borrowed $200 from his uncle to sell newspapers in Boston. At age fifteen, he borrowed $10,000 to start a candy vending-machine business. He later joined the United States Army after attending trade school.
Adelson became famous for building huge luxury resorts around the world. He was the leader of the Las Vegas Sands Corporation. He built The Venetian in Las Vegas, which is themed after the city in Italy.
He also led projects in Macau, China. He opened the Sands Macao in 2004. This project helped his personal wealth grow many times over. He also built the Venetian Macao in 2007.
His company even built the Marina Bay Sands in Singapore.
In 2010, that building was one of the most expensive in the world.
Beyond hotels, Adelson was a very powerful political donor. People sometimes called him a "kingmaker" because he gave so much money to political groups. He was a major supporter of the Republican Party. He was also a very large donor to Donald Trump.
In 2016 and 2020, he was Trump's largest donor. He also gave money to help Benjamin Netanyahu, the prime minister of Israel. Adelson used his wealth to support his political ideas and many different causes.
Adelson also owned several important newspapers. He owned the Las Vegas Review-Journal in the United States. He bought this paper in December 2015 for $140 million. He also owned newspapers in Israel. These included Israel Hayom and Makor Rishon. Israel Hayom was a free daily newspaper. By 2011, it had become the number-one daily newspaper in Israel. It reached a large number of readers every weekday. His ownership of these papers was sometimes a subject of much discussion and debate.
Finally, Adelson used his money to help people through charity. In 2007, he created the Adelson Foundation. This is a private charity that focuses on healthcare. It also provides support for Israel and the Jewish people.
He was a very wealthy man. In 2020, Forbes listed his net worth at $29.8 billion. He lived a life filled with big business deals and large-scale building projects. His work changed how many people travel and stay in famous cities.
Sheldon Gary Adelson was a prominent American businessman, investor, and political donor.
He was a serial entrepreneur, a term used for someone who starts many different businesses. Over his long career, he created almost 50 different companies. He was most famous for being the founder, chairman, and chief executive officer of the Las Vegas Sands Corporation. This company managed massive luxury resorts and casinos in several different countries. His business activities influenced the tourism and hospitality industries on a global scale.
Adelson's journey into business began very early in his life in Boston. He was born on August 4, 1933, to Sarah and Arthur Adelson. His father worked as a taxi driver, and his mother ran a knitting shop. At age 10, he borrowed $200 from his uncle to buy a newspaper license. By age 15, he borrowed $10,000 to start a candy vending-machine business. After attending trade school and serving in the United States Army, he launched several other ventures. These included a business selling toiletry kits and a company called De-Ice-It, which sold chemical spray for windshields.
One of his most significant business successes involved the computer industry. In the late 1970s, Adelson and his partners developed COMDEX trade shows. These shows began in 1979 and became some of the largest computer events in the world. In 1995, the partners sold the Interface Group Show Division, which included COMDEX, to the SoftBank Group of Japan. The sale price was $862 million, and Adelson's personal share was over $500 million. This success provided the capital for his future massive construction projects.
Adelson's most visible legacy is his development of large-scale luxury resorts. In 1988, he and his partners purchased the Sands Hotel and Casino in Las Vegas for $110 million. After a honeymoon in Venice with his wife, Miriam, he decided to build a mega-resort. He spent $1.5 billion to build The Venetian, a Venice-themed hotel that opened on May 3, 1999.
He also expanded to Pennsylvania, where his company built a casino resort in Bethlehem. This project opened on May 22, 2009, and was later sold in 2019 to Wind Creek Hospitality for $1.3 billion.
His influence extended far beyond the United States through projects in Asia. In 2004, he opened the Sands Macao, which was China's first Las Vegas-style casino.
This venture caused his personal wealth to multiply more than fourteen times. In 2007, he opened the $2.4 billion Venetian Macao Resort Hotel on the Cotai Strip.
He also led the construction of the Marina Bay Sands in Singapore.
When it opened in 2010, the Marina Bay Sands complex was the most expensive building in the world. It cost approximately S$8 billion, including the price of the land.
Adelson was also a major figure in politics and media. Because of the size and frequency of his donations, he was often called a "kingmaker." He was a major contributor to the Republican Party and a massive supporter of Donald Trump. In 2016 and 2020, he was Trump's largest donor, supporting his campaign, inauguration, and defense fund.
He also supported Israeli Prime Minister Benjamin Netanyahu. In the media sector, he owned several newspapers, including the Las Vegas Review-Journal and the Israeli daily Israel Hayom. His ownership of these papers sometimes led to debates regarding editorial independence and political influence.
Beyond business and politics, Adelson focused on philanthropy through the Adelson Foundation. Created in 2007, this private charity focuses on healthcare and supporting the Jewish people and Israel. His financial success was immense; in 2020, Forbes listed his net worth at US$29.8 billion. He passed away on January 11, 2021. His life was defined by large-scale investments that connected the business worlds of Las Vegas, Macau, and Singapore.
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