Log In

Sheldon Gary Adelson Edit Profile

Sheldon Gary Adelson is an American business magnate , and philanthropist. He is the chairman and chief executive officer of the Las Vegas Sands Corporation.

Sheldon Gary Adelson, American hotel and gaming company executive.

Named one of Forbes 400: Richest Americans, since 2006,

World's Richest People, Forbes Magazine, 2005, 2007, 2008,

25 Most Influential Republicans, Newsmax Magazine, 2008.

Background

The story of Sheldon Gary Adelson, born in the poor Dorchester neighborhood of Boston, Massachusetts, in 1933, is a classic American rags-to-riches story.He created several very successful businesses, and in the 1970s developed the computer trade show COMDEX. He went on to build casino resorts in Las Vegas and Asia, and later ventured into politics, generously supporting Republican causes and candidates.

Education

Sheldon start working at a young age selling newspapers, and by age 12 he owned his first business, selling toiletries.

In the early 1950s, he entered City College of New York, majoring in corporate finance, but dropped out after less than two years

Career

Paperboy. Mortgage broker. Investment advisory.

Finance consultant. Chairman, Chief Executive Officer Interface Group Incorporated, Needham, Massachusetts, 1974. Chairman, Chief Executive Officer, treasurer Las Vegas Sands, Incorporated, since 1989.

Chairman, Chief Executive Officer Las Vegas Sands Corporation, since 2004. Founder COMDEX Trade Shows, 1991—1995, Sands Expo & Convention Center, since 1990, Venetian Resort-Hotel-Casino, since 1991, Sands Macau, since 2004, Venetian Macau, since 2007, The Palazzo Resort Hotel Casino, since 2008. Guest speaker University New Haven, Harvard Business School, Columbia Business School, Tel Aviv University, Babson College.

Achievements

  • He is the chairman and chief executive officer of the Las Vegas Sands Corporation, which owns the Marina Bay Sands in Singapore and is the parent company of Venetian Macao Limited which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. He also owns the Israeli daily newspaper Israel Hayom, and the Las Vegas Review-Journal. Adelson, a lifelong donor and philanthropist to a variety of causes, founded with his wife's initiative the Adelson Foundation.

Politics

In a Wall Street Journal op-ed titled "I Didn't Leave the Democrats. They Left me", Adelson specifies three reasons why he switched political parties. First, he cites foreign policy, pointing to a Gallup poll that suggests Republicans are more supportive of Israel than Democrats.Second, he cites statistics that suggest Republicans are more charitable than Democrats. To support this claim Adelson adduces a report from the Chronicle of Philanthropy, which found, after studying tax data from the IRS, that U.S. states that vote Republican are more generous to charities than those states that vote Democratic. "My father, who kept a charity box for the poor in our house .. would have frowned on this fact about modern Democrats." This leads him to his third reason—economic policy—for leaving the Democratic Party.

Views

Adelson has said his most important issue when considering which candidates to support in U.S. elections is "the safety of Israel".

Membership

Member, United States Holocaust Memorial Council United States Holocaust Memorial Museum, Washington.

Personality

He’s a fighter who defends what is his, a self-made man who held more than 50 jobs before striking gold with his Venetian casino on the Vegas Strip

Quotes from others about the person

  • “Whatever field he toils in, Adelson is “in­cred­ibly stick-to-itive,” says Michael Leven, president of Adelson’s Las Vegas Sands Corp. “He stands up for what he believes in. That’s why lawsuits happen””

Interests

  • Other Interests

    “Israel is at the core of everything he does,” says Fred Zeidman, a friend of Adelson, fellow Romney backer and former chairman of the U.S. Holocaust Memorial Museum

Connections

Spouses:

Sandra Adelson (19??–1988; divorced)

Miriam Ochsorn (1991–present)

Children: 5

spouse:
Miriam Ochshorn

child:
Adam Arthur Adelson

child:
Matan Sarel Adelson