Sheldon Adelson Net Worth

How much is Sheldon Adelson Worth?

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Sheldon Adelson Net Worth
Net Worth:
$29.5 Billion
Date of Birth
August 4, 1933
Place of Birth
Dorchester
Profession
Entrepreneur, Businessperson, Real estate development

Sheldon Adelson net worth: Sheldon Adelson is an American billionaire businessman who has a net worth of $29.5 billion dollars. That net worth makes Sheldon one of the richest people in the world. Adelson is the Chief Executive Officer and Chairman of he Las Vegas Sands Corp., parent company of Venetian Macao Limited, which operates the Sands Expo and Convention Center and The Venetian Resort Hotel Casino. Adelson's source of wealth originates from his partnership in creating the trade show COMDEX for the computer industry. Adelson purchased and razed the legendary Sands hotel in Las Vegas, spending $1.5-billion to construct The Venetian, an all-suite Venice-themed resort hotel and casino, in its place. The creation of the Venetian revolutionized the Las Vegas hotel industry.

His net worth has been gained largely through his business ventures within the casino industry, although his career has perhaps predictably not been free of accusations of corruption. One thing Adelson has become somewhat (in)famous for is his hardline political stances. At first a Democrat, Adelson is said to have drifted to the right as his net worth continued to increase. His opinion on the matter can be summed up by this quote: "Why is it fair that I should be paying a higher percentage of taxes than anyone else?" Adelson originally got the money that would become the source of his immense wealth through his work with COMDEX, a computer technology trade show developed in 1979. From there, he purchased the famous Sands Hotel and Casino in Las Vegas, and has put the Vegas landmark through various different iterations since then. Adelson has been the subject of various controversies, including an alleged telephone conversation between he and his friend Tom De Lay, who at the time was the House Majority Leader. Adelson allegedly had a hand in a particular bill being shot down in the house, although he has denied this. He continues to operate his business both in Las Vegas and around the globe.

What is Sheldon Adelson's net worth?

Sheldon Adelson Net Worth

Articles Written by Brian Warner
Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
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Sheldon Adelson

Sheldon Adelson

Sheldon Gary Adelson is an American business magnate. He is the chairman and chief executive officer of the Las Vegas Sands Corporation, the parent company of Venetian Macao Limited which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. He ...
Profession
Date of Birth
  • August 4, 1933
Nicknames
  • Sheldon G Adelson
  • Sheldon G. Adelson
  • Sheldon Gary Adelson
Ethnicity
  • Jewish people
Nationality
  • United States of America
Country
  • United States of America
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