While the name Sheldon Adelson may not be known by everyone who frequents their local casino, he is in fact the multi billionaire chairman and chief executive officer of the Las Vegas Sands Corp which is one of the leading casino companies in the world. While the Las Vegas Sands Corporation is well known itself it is perhaps the Venetian Resort Hotel Casino in Macau which put the company on the international map. But what do you know about Sheldon Gary Adelson?
Sheldon Adelson was born on 1 August 1933 in the Dorchester neighbourhood of Boston, Massachusetts to a Jewish family. His father worked as a taxi driver but young Sheldon was seen selling newspapers on the streets at and early age and owned his own business by the time he was 12. He then moved on to become a mortgage broker, investment advisor and financial consultant before embarking on a number of entrepreneurial activities including the sale of toiletry kits and charter tours in the 1960s.
It was only 1988 when he began his involvement with the Las Vegas Sands business which he grew into the largest casino operation in the world. At his height Sheldon Gary Adelson was said to be worth in excess of $25 billion but the collapse in the Las Vegas Sands share price and economic downturn over the last 12 months is said to have cost him around $20 billion.
While the name Sheldon Adelson may not be known by everyone who frequents their local casino, he is in fact the multi billionaire chairman and chief executive officer of the Las Vegas Sands Corp which is one of the leading casino companies in the world. While the Las Vegas Sands Corporation is well known itself it is perhaps the Venetian Resort Hotel Casino in Macau which put the company on the international map. But what do you know about Sheldon Gary Adelson?