Net Worth: $21.5 Billion
- Source of Wealth Businessman (Casinos, Leisure)
- Sheldon Adelson Nationality United States
Sheldon Adelson net worth: Education: Drop Out, City College of New York
Marital Status: Married to Miriam Ochsorn, an Israeli physician, Children: 5
American casino magnate, Sheldon Gary Adelson, has a net worth of $21.5 billion as of September 2011, according to Forbes’ list of billionaires. 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.