Who is Sheldon Adelson?
He was a casino mogul and founder of the Las Vegas Sands Corp. He was born in August 1933. He died in January 2021. He was married to Miriam. He had 3 children (Shelley, Mitchell and Gary).
The Las Vegas Sands Corporation is a Fortune 500 company. It is the leading global developer of destination properties (integrated resorts).
The properties feature premium accommodations, world-class gaming, and entertainment. And retail, convention, and exhibition facilities, celebrity chef restaurants, and other amenities.
In 2019 the group realized net revenues of US$13.7 billion. It realized a net income of US$ 2.7 billion. The company has more than 50,000 employees.
Las Vegas Sands Properties
Properties in the United States include The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino. Also The Sands Expo and Convention Center in Las Vegas. And the Sands Casino Resort Bethlehem in Pennsylvania.
The Sands Group also owns hotels in Macao, China. These include The Venetian Macao Resort Hotel, the Sands Cotai Central, and The Parisian Macao. Further, there are the Four Seasons Hotel Macao, The Cotai Strip, the Plaza Casino, and the Sands Macao.
The Venetian Las Vegas
The Venetian Las Vegas has 4,028 suites in two towers. The casino at The Venetian Las Vegas has approximately 120,000 square feet of gaming space.
It includes approximately 125 table games and 1,095 slot machines.
Around 1977 Adelson developed computer trade shows named COMDEX. It was targeting the computer industry. The first show was in 1979. For more than a decade Comdex was the premier computer trade show.
In 1995 Comdex was sold to SoftBank Corporation of Japan for US$ 862 million. Adelson earned US$ 500 million.
Sheldon Adelson Net Worth
The casino magnate had a net worth of US$ 35 billion. This made him one of the richest yacht owners in the world. He was the richest person in Nevada.
In 2019 alone he received US$ 1.5 billion in dividends. And he received US$ 1.1 billion in 2015 and US$ 0,9 billion in 2014.