Casino King Sheldon Gary Adelson is an American businessman, investor and philanthropist. He is the chairman and CEO of Las Vegas Sands, the largest gaming company in the world. This self-made billionaire’s net worth is estimated at $34.1 billion as of October 2018, according to Forbes.
Adelson was born on August 14 1933 in Boston. His parents were poor. He grew up sleeping on the floor of a Boston tenement house and bought his first newspaper corner with a $200 loan from his uncle when he was 12. He dropped out of City College of New York. Over the succeeding decades, he built a fortune running vending machines, selling newspaper ads, helping small businesses go public, developing condos and hosting trade shows.
Sheldon Adelson sold his tech conference Comdex (which he and his partners had developed in 1970s) for $862 million in 1995. He spent $1.5 billion building the Venetian hotel and casino in Las Vegas. His fortune decreased more than 85 percent in 2009 recession, but later he earned billions from his big bet on Macau.
Adelson penned an op-ed in the New York Times in 2014 advocating for compromise on immigration reform. He is a major contributor to Republican Party candidates. Sheldon Adelson is married and has five children.