Sheldon Adelson Net Worth, spouse, young children, awards, movies

$40,000,000,000

Sheldon Adelson, a famous American billionaire businessman and political power broker, had a net worth of $40 billion at the time of his death in January 2021. He earned his fortune as the majority owner and CEO of the casino company Las Vegas Sands, taking it public in 2004 and famously increasing his net worth by $1 million per hour in the year that followed. Despite experiencing significant losses in the 2008 financial crisis, Adelson’s entrepreneurial success and strategic investments made him one of the richest individuals in the world.

Key facts:

Sheldon Adelson co-founded COMDEX, a computer trade show, in 1979 and sold the business to SoftBank Corporation for over $500 million in 1995.

He became a billionaire in 2004 when he took Las Vegas Sands public and saw his net worth increase by $1 million every hour.

Adelson revolutionized the Las Vegas hotel industry with the creation of the Venetian Resort Hotel Casino, an all-suite Venice-themed resort that had 8,000 suites and a casino floor equal to two football fields.

His wealth took a hit during the 2008 recession, losing a total of $28 billion and leaving him with a net worth of $2 billion. However, he quickly recovered and increased his net worth to over $23 billion by 2011.

Adelson was known for his political donations, supporting Republican politicians and being one of the largest political donors in the world. He owned several Israeli and American newspapers, including The Las Vegas Review-Journal, which he acquired for $140 million.

Adelson married Miriam Farbstein in 1991 and they had two children together.

He dealt with health concerns such as peripheral neuropathy and non-Hodgkin's lymphoma but continued to act as CEO of Las Vegas Sands until his death in January 2021.

Adelson had a significant real estate presence in the exclusive Malibu Colony neighborhood, owning multiple properties worth over $90 million.

Basic Information About Sheldon Adelson

Category	Business › Billionaires
Professions	Entrepreneur, Businessperson, Real estate development
Net worth	$40,000,000,000
Date of birth	1933-08-04
Place of birth	Dorchester
Date of death	2021-01-11 (aged 87)
Nationality	United States of America
Gender	Male
Social Media	↗︎ Wikipedia

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Sheldon Adelson's photos

References & Fact Checks ✅

1/ Filename: palazzo-at-night-BlZ5822s.jpg

Checked: ✅ Yes (2023-07-04 04:47:52)
Source URL: https://en.wikipedia.org/wiki/File:Palazzo-at-night.JPG
Original Source: Own work
Author: Kris Ziel
Licence: Creative Commons Attribution 3.0 Unported license.
Date taken: 28 February 2009

2/ Filename: venetian-macau-3NY25403.jpg

Checked: ✅ Yes (2023-07-04 04:47:54)
Source URL: https://en.wikipedia.org/wiki/File:Venetian_Macau.jpg
Original Source: https://www.flickr.com/photos/vixyao/2093036650/
Author: Jimmy Yao (vixyao) on Flickr
Licence: Creative Commons Attribution-Share Alike 2.0 Generic license.
Date taken: 29 November 2007

3/ Filename: marina-bay-sands-in-the-evening-20101120-Sw9pc4sT.jpg

Checked: ✅ Yes (2023-07-04 04:47:55)
Source URL: https://en.wikipedia.org/wiki/File:Marina_Bay_Sands_in_the_evening_-_20101120.jpg
Original Source: Own work
Author: Someformofhuman
Licence: Creative Commons Attribution-Share Alike 3.0 Unported license.
Date taken: 20 November 2010

4/ Filename: the-parisian-2016-6Y56Y96r.jpg

Checked: ✅ Yes (2023-07-04 04:47:56)
Source URL: https://en.wikipedia.org/wiki/File:The_Parisian_2016.jpg
Original Source: Own work
Author: Doraemon.tvb
Licence: Creative Commons Attribution-Share Alike 3.0 Unported license.
Date taken: 5 August 2016, 18:04:11

5/ Filename: president-trump-at-the-israeli-american-council-national-summit-49193133993-cropped-RdGl7EZ0.jpg

Checked: ✅ Yes (2023-07-04 04:47:57)
Source URL: https://en.wikipedia.org/wiki/File:President_Trump_at_the_Israeli_American_Council_National_Summit_(49193133993)_(cropped).jpg
Original Source: President Trump at the Israeli American Council National Summit
Author: The White House from Washington, DC
Date taken: 7 December 2019, 21:40

6/ Filename: president-donald-j-trump-presents-medal-of-freedom-to-miriam-adelson-45863432542-07zE793T.jpg

Checked: ✅ Yes (2023-07-04 04:47:59)
Source URL: https://en.wikipedia.org/wiki/File:President_Donald_J._Trump_Presents_Medal_of_Freedom_to_Miriam_Adelson_-_45863432542.jpg
Original Source: https://www.flickr.com/photos/148748355@N05/45863432542/
Author: The White House
Date taken: 16 November 2018, 15:07:57

7/ Filename: sheldon-y-miriam-adelson-reciben-woodrow-wilson-awards-25O2h03A.jpg

Checked: ✅ Yes (2023-07-04 04:48:00)
Source URL: https://en.wikipedia.org/wiki/File:Sheldon_y_Miriam_Adelson_reciben_Woodrow_Wilson_Awards.JPG
Original Source: Own work
Author: Union20

8/ Filename: sheldon-adelson-2019-1-55t85z08.jpg