Net Worth: $23.8 Billion
- Source of Wealth Casino, Leisure
- Birth Place Boston, Massachusetts, U.S.
- Marital Status Married (Miriam Ochsorn)
- Full Name Sheldon Gary Adelson
- Nationality United States
- Date of Birth August 4, 1933
- Ethnicity American
- Occupation CEO of Las Vegas Sands Corporation
- Children 2 (Mitchell Adelson, Gary Adelson)
About Sheldon Adelson
American casino magnate, Sheldon Gary Adelson, has a net worth of $23.8 billion as of May 2016, according to Bloomberg. Currently the 8th wealthiest American and 16th wealthiest person in the world, Adelson vastly increased his net worth upon the initial public offering of Las Vegas Sands in December 2004. He is Chairman and Chief Executive Officer of the Las Vegas Sands Corp., the parent company of Venetian Macao Limited which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. His fortune is up $7 billion since in 2010, as his strong position in the casino-crazy Asian markets has pushed stock of Las Vegas Sands up roughly 50% to a recent $48. (Shares once traded as low as $1.50 in 2009.) Through his majority-owned subsidiary Sands China, Adelson has 3 resorts in Macau.
The original source of Adelson’s wealth and current investments was the computer trade show COMDEX, which he and his partners developed for the computer industry; the first show was in 1979. He sold it to Japan’s Softbank for $862 million in 1995 and later built the $1.5 billion Venetian Resort Hotel Casino and the 1.2-million-square-foot Sands Convention Center in 1997 in Las Vegas. He opened the $1.9 billion Palazzo resort in 2008.
Earnings & Financial Data
The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of Sheldon Adelson's net worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more.
- Earnings 2007
- Earnings 2004
- Earnings 1995
Value of the Venetian Macao Resort Hotel he opened in Cotai
Value of his Sands Macao casino
Sale of Asset 1995
Value of his tech conference Comdex upon sale to SoftBank Corporation of Japan