Sheldon Adelson
- Net Worth
- $20.5 B As of September 2012
At a Glance
- Chairman and CEO, Las Vegas Sands
- Age: 79
- Source of Wealth: casinos, self-made
- Residence: Las Vegas, NV
- Country of Citizenship: United States
- Education: Drop Out, City College of New York
- Marital Status: Married
- Children: 5
Forbes Lists
#12 Forbes 400
Profile:
Sheldon Adelson, the pit boss of casino
giant Las Vegas Sands, has dominated headlines in both the business and
political press this year. Company lawyers have kept busy with a
federal bribery investigation about dealings in Macau; Las Vegas Sands
denies all allegations. His net worth fell by $1 billion since last
August on a slight dip in Las Vegas Sands' shares. The proud Republican
made waves over the winter
by bankrolling Newt Gingrich's presidential bid (which failed) and has
since given $10 million to Mitt Romney's SuperPac. Adelson says
potential donations could be "limitless." He can afford it; lucrative
casinos in Macao and Singapore enable Las Vegas Sands to pay a nice
quarterly dividend; Adelson pulled in some $275 million in dividends
(net of taxes) over the past year. The Boston native has made charitable
donations to healthcare and pro-Israel causes.
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