Casino Mogul Sheldon Adelson Dies At 87
Las Vegas Sands chairman and chief executive Sheldon Adelson has died. He was 87.
Adelson, the single biggest donor to the Donald Trump administration as well as several other Republican causes, and an unwavering and significant challenger of a dual-state Middle East, died late on Monday following complications related to his cancer treatment, a statement issued by Las Vegas Sands has confirmed.
A statement issued on Tuesday by the casino magnate and billionaire businessman’s wife, Dr Miriam Adelson, confirmed the information released by the casino giant, while reiterating that her husband had passed away following a 2019 diagnoses of non-Hodgkin’s lymphoma.
From Small Beginnings To Mogul
Adelson, who was born in 1933 to parents of Lithuanian Jewish and Ukrainian Jewish ancestry – his father a humble cab driver – grew up in Boston in the U.S. He would ultimately go on to rise from out of the ashes of an impoverished and hardscrabble childhood to become one of the wealthiest men in the world and the CEO and founder of Las Vegas Sands Crop. (LVS). Adelson was Sands’ very first employee – an industry titan he has since grown to over 50,000 employees.
As the owner and founder of Las Vegas Sands, and the owner of the Venetian and Palazzo casino resorts in Las Vegas, as well as Singapore’s Marina Bay Sands and the Venetian in Macau, Adelson enjoyed a net worth of more than $33 billion (Forbes).
The casino magnate in 2020 set a phenomenal new record for political gifts received from individuals, with an estimated total of $172.7 million donated to the Trump campaign as well as several smaller Republican campaigns. So great was the Adelsons’ involvement in Republican U.S. politics, that they were regarded the leading donors in every single major election campaign of the last decade – except only for 2016. Adelson famously initially regarded Trump a “failed casino entrepreneur”, but would later become a major donor of the now-defunct U.S. president’s campaign rally after his family connected with that of Trump through the president’s son-in-law, Jared Kushner. The latter shares connections with Israeli Prime Minister Benjamin Netanyahu.
The End Of An Era Of Support
Adelson in 2015 bought the Las Vegas Review-Journal in a secret bid. He acquired the newspaper after it published several revelations and exposés about his business endeavours and gambling empire – many of which were deemed controversial.
This would become the same newspaper that would ultimately reject Trump’s efforts to remain in office by denying the validity of his loss to Joe Biden, while urging the soon to be former president to accept the outcome of the election results.
Adelson’s funeral will be held in Israel, which is the birthplace of his wife, Dr Miriam Adelson. A memorial service will also be held in Las Vegas, at a later date.