My News
- Arts & Entertainment
- Sports
- Politics & The World
- Business
- Crime
- Technology, Science & Education
- Philosophy, Spirituality & Religion
Add Sheldon G Adelson to Favorites
Previous
| Revision | 9379 |
| Submitted | 9/26/06 by jonsmith |
| Approved | 9/26/06 |
Revision
| Revision | 12818 |
| Submitted | 7/5/07 by 70.156.184.225 |
| Approved | 7/8/07 |
All changes in this revision
| line 1 | line 1 | ||
| - | According to Forbes Magazine, Adelson is the 14th richest person in the world with a net worth estimated at $20.5 billion. His wealth in 2003 was only $1.4 billion [1]; in 2004, his fortune increased 750% after his company started publicly trading. [2]. He is the third richest man in the US in 2006 and Forbes estimates he has been earning about $1m an hour for the past two years[3]. | + | According to Forbes Magazine, Adelson is the 3rd richest person in the world with a net worth estimated at $20.5 billion. His wealth in 2003 was only $1.4 billion [1]; in 2004, his fortune increased 750% after his company started publicly trading. [2]. He is the third richest man in the US in 2006 and Forbes estimates he has been earning about $1m an hour for the past two years[3]. |
Content after changes
According to Forbes Magazine, Adelson is the 3rd richest person in the world with a net worth estimated at $20.5 billion. His wealth in 2003 was only $1.4 billion [1]; in 2004, his fortune increased 750% after his company started publicly trading. [2]. He is the third richest man in the US in 2006 and Forbes estimates he has been earning about $1m an hour for the past two years3.
Sheldon Adelson did not start out as a successful businessman. He lost fortunes in venture capital and real estate before it striking rich with trade shows. He started Comdex Computer Dealers Expo in 1979 and it remained profitable. He sold to Japan's Softbank for an unprecedented $860 million 1995.
Adelson decided to get in on the casino/hotel side of the Las Vegas strip and started Las Vegas Sands Inc. to purchase the Sands casino in 1989 for $128 million. He lost money over 5 consecutive years. It was a sketchy purchase in the first place as casino magnate, Steve Wynn, was opening his $630 million Mirage complex, which boasts a 54-foot volcano. Wynn was backed by a $2 billion credit line. "Their front desk looked better than our whole hotel,'' recalls Henri Lewin, who ran the Sands for Adelson in the early 1990s. After seven years of ownership, Adelson blew it up with 100 pounds of dynamite to make way for the 1.3 billion dollar, 3,000 room Italy-themed hotel-casino-resort, the Venetian. The new resort will feature canals and life-size replicas of the ancient city's most famous landmarks. Adelson hopes to open it in April 1999 and plans to go after a customer he knows well, the Comdex people.
And Adelson knows his clientele too. Each room will have a fax, copier, printer, two phone lines, a dedicated fax line, and a safe built to hold a laptop. The entire hotel is so thoroughly wired so that conventioneers can set up private, local area networks to connect rooms, halls and floor booths. It's a strange paradox that Adelson is taking such care to be so technologically advanced as he does not use computers and is not hooked up to the Internet. Adelson has been a member of the Forbes list since 1995 and currently ranks 327 in Forbes 400 list (1998).
Work History
(1999) Chair of Las Vegas Sands, Inc.
He has been involved in dozens of businesses, including four software companies in Israel and California that he declined to name.
Affiliations
Chairman of G.W.V., a Needham, Massachusetts-based travel company
Awards
Sheldon G Adelson has also won numerous Awards
Comments on this Contribution
Josette Balsa
Art critic and curator
e-mail: jobalsa@gmail.com
Paul Schiffman today hosted the groundbreaking ceremony for The Dr. Miriam and
Sheldon G. Adelson School in Summerlin. The new high school — the first Jewish high
school in the Las Vegas area — is scheduled to open for classes in the fall of 2007.The Adelsons have given $25 million for this new high school
endeavor.
http://209.85.173.104/search?q=cache:zr2WyB1Ya_gJ:www.theadelsonschool.org/news/grndbrk.pdf+Adelson+School+%2425+million&hl=en&ct=clnk&cd=1&gl=us&client=opera
Adelson also founded Freedom’s Watch[$15 million contribution], a group that advocates America’s continued involvement in the war in Iraq, and is run and supported, in part, by former officials of the Bush administration. Adelson also has funded the Boston-based Dr. Miriam and Sheldon G. Adelson Medical Research Foundation. This foundation initiated the Adelson Program in Neural Repair and Rehabilitation (APNRR) with $7.5 million donated to collaborating researchers at ten universities. Mr. Adelson has publicly pledged billions to medical research and has encouraged researchers to contact him with ideas that need to be funded.
http://www.5tjt.com/news/PrintArticle.asp?Id=2112
Hello Mr. Adelson,
You are the creator of Venice Macao. I am the creator of
THE SECOND VENICE - by Askin Ozcan, ISBN 1598000888
(Outskirts Press) - an impeccable humorous fantasy, which you
must read!
web page: http://www.outskirtspress.com/thesecondvenice
It was No.1 among top rated books in ITALY MAGAZINE (U.K.) for many months leaving Juvenal's famous "SATIRES" in no. 2
very positive reviews can be read at:
www.archinect.com
www.compulsivereader.com
www.thesop.org
www.newsitaliapress.it
www.newsblaze.com
www.ibdof.com ( by lizzeri in critics' corner)
I would apprecciate if you sold my book in the bookstores in Venice Macau.
retail: it is available at major intenet bookshops incl. amazon
wholesale : from the publisher with 50% trade discount:
www.outskirtspress.com/buy books and
from www.ingrambook.com (world's largest book wholesaler)
---
Best regards
Askin Ozcan
Author of:
THE SECOND VENICE, SMALL MIRACLES (which relates thirty miracles from my own life in different countries, incl. 3 in Boston - your and my city!), WISDOM IN SMILE (wonderful short stories), STOCKHOLM STORIES, LIGHTNING AND A BOUQUET OF ROSES
(poetry- incl. a few award winning poems)
Last, but not the least: CONGRATULATIONS TO YOU ON BEING A
FANTASTIC BUSINESSMAN!
this note comes from Italy : my name is Maria and I admire you because you were able to 'built' and leave a strong sign in this world.
I 'built' only wonderful cashmere scarves made by real artisans and my dream will be to sell them into your hotel.
Tutta la mia ammirazione!
Cordially
Maria
molinellimaria@hotmail.com
Today is Hanukkah and I would like to wish you a Happy one. I doubt that you read these, but just in case I thought I would let you know I mentioned your name in the prayer letter I wrote the other day. I and many people are praying for you, not just to have a happy Hanukkah but to have a happy eternity. We are from Bethlehem PA. I have asked them to pray for you to be like the disciple Matthew - the meaning of his name meaning Gift of God - he, like you originally used most or actually all of his money for purposes that did not please God. But then God called him and he became a beloved disciple who used all his wealth and talents for God's purposes. He wrote the first gospel of the New Testament. He, that is Matthew, was a Jew - not one in good standing with the Pharisees, but a Jew none the less who made a complete turn around and embraced J'shua as Messiah. I know several Jews who have come to believe in Jesus as their Messiah - in fact one of my best friends named Heather is one of them. Anyway, we are praying for you Mr. Adelson and I hope you don't mind I used your name in my prayer letter. I'm sure you probably don't because you are used to having people say bad things about you since you are in the media quite often and we are not saying bad things about you, just wishing you wouldn't put a casino in our town. Well, this is a long comment that may never get through to you, but my God can work amazing miracles and you never know He may give you the new name Matthew in heaven some day. However, my Scriptures say that there is only one name in heaven whereby one must be saved and that is Jesus the Messiah. Perhaps you could begin reading the Bible -not just the Old covenant of the Jewish Scriptures but some of the Christian New Testament too. Maybe your eyes will be enlightened as to the many prophecies that Jesus fulfills as Messiah. Maybe you could evn do some reasearch of your own to see that many organizations of Messianic Jews exist and probably some Rabbis would love to talk with you. I know of one on my mailing list named Rabbi Glenn Blank of Allentown PA He is a very wise and interesting man who I am sure would be glad to talk to you about Messianic Jewish belief. Anyway, this has become such a long e-mail that I am afraid you or whoever receives in might totally disregard it. God Bless you and Shalom, Mrs. Cindy Spengler, Bethlehem PA
Would you please let Mr. Adelson see the Light of your Love and show him who the Messiah really is? I know if you just touch his heart he could be another Matthew. I love studying your book of Matthew in BSF and I think your disciple Matthew would be thrilled to know of another 21st century person like himself who gave up a lot to know you, but who I am sure never regretted it. Thank you that you are a God who answers prayer, the Lord of Heaven and Earth who can do anything. Sincerely your beloved daughter, Cindy who asks for this request in the name of your perfect Son, my Lord Jesus Christ through the power of your Holy Spirit who can accomplish all things. I am only a homemaker and former teacher from Bethlehem PA who cannot even walk right, but you can use me to glorify Thy name and it is only You who can get through to Mr. Adelson, so please will you do it even now. Love, Cindy
