Sheldon Adelson, renowned casino mogul, dies at 87 (LVS)

FILE - In this Nov. 16, 2018, file photo, Las Vegas Sands Corporation Chief Executive and Republican mega donor Sheldon Adelson, stands as he is recognized by President Donald Trump during a Medal of Freedom ceremony in the East Room of the White House in Washington. Casino magnate and GOP donor Adelson is not in good health and has not being at his company's offices in Las Vegas since around Christmas Day. Las Vegas Sands Corp. on Thursday, Feb. 28, 2019, did not immediately respond to a request for comment. Attorney James Jimmerson told the court the condition of the 85-year-old billionaire is dire. (AP Photo/Andrew Harnik, File)

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Sheldon Adelson, the billionaire casino mogul, newspaper owner, philanthropist, and Republican donor, died on January 11 at the age of 87.

A statement from Las Vegas Sands, of which Adelson was founder, chairman, and CEO, said he passed away from complications related to treatment for non-Hodgkin’s Lymphoma. 
In a separate statement, his wife, Dr. Mirian Adelson, said: “It is with unbearable pain that I announce the death of my husband, Sheldon G. Adelson, of complications from a long illness. Sheldon was the love of my life. He was my partner in romance, philanthropy, political activism and enterprise. He was my soulmate.”
Adelson, whose net worth was more than $33 billion in January 2021, according to Bloomberg’s Billionaire Index, was the majority stakeholder in the casino hotel company Las Vegas Sands — owning more than half of the business.
In addition to being known for his casino empire, Adelson was a major donor to Republican causes and candidates — including US President Donald Trump.

Sheldon Adelson, the billionaire casino mogul, newspaper owner, philanthropist, and Republican donor, died on January 11 at the age of 87. A statement from Las Vegas Sands, of which Adelson was founder, chairman, and CEO, said he passed away from complications related to treatment for non-Hodgkin’s Lymphoma. 

“Our founder and visionary leader, Sheldon G. Adelson, passed away last night at the age of 87 from complications related to treatment for non-Hodgkin’s Lymphoma,” the statement said. “Born to immigrant parents and raised in a poor section of Boston, Mr. Adelson went from a teenager selling newspapers on a street corner to becoming one of the world’s most successful entrepreneurs.”

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His wife, Dr. Mirian Adelson, said: “Sheldon was the love of my life. He was my partner in romance, philanthropy, political activism and enterprise. He was my soulmate.”

Adelson was the chairman, CEO, and majority stakeholder in the casino hotel company Las Vegas Sands — owning more than half of the business. Forbes reported that as of March 1, 2019, Adelson was worth $35.8 billion.

Las Vegas Sands is the largest casino operator in the world, according to Bloomberg, and it operates casinos in both the United States and Asia. It had a reported revenue of $12.9 billion in 2017, and employs around 50,000 people.

He did not get into the casino business until the age of 55. Before that he started a series of businesses — starting when he was a boy, when he borrowed $200 from his uncle to “buy a corner” to sell newspapers, The Las Vegas Review-Journal reported.

Adelson was born in 1933 to Sarah and Arthur Adelson. His parents were immigrants, and he described growing up poor in Boston, Massachusetts. His first marriage was to Sandra Adelson, and they had three adopted children, Mitchell, Shelley, and Gary. Mitchell Adelson died of a drug overdose in 2005. Sandra and Sheldon divorced in 1988, and in 1991 he married Miriam Farbstein Ochshorn, a noted Israeli doctor.

In addition to being known for his casino empire, Adelson was a major donor to Republican causes …read more

Source:: Businessinsider – Politics

      

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