Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Sheldon Adelson, billionaire Trump and CEO of Las Vegas Sands, dead at 87

Sheldon Adelson, billionaire Trump and CEO of Las Vegas Sands, dead at 87



Sheldon Adelson, founder, chairman and CEO of Las Vegas Sands Corp., has died after battling cancer. He was 87.

Adelson was diagnosed with non-Hodgkin’s lymphoma in 2019 and recently retired from the company to resume treatment, the company said on January 7.

Mr. Adelson was the first employee of Las Vegas Sands ̵

1; “Team member number one”, which he loved to say.Today, more than 50,000 members of the Sands team have Dr. Adelson and the entire Adelson family in their thoughts and prayers and are grateful to have touched their lives by the true power of nature, “said a statement from Las Vegas Sands.

Adelson is a longtime donor to the Republican Party, giving more than $ 430 million to conservatives during the 2020 campaign. He was an early and longtime supporter of President Trump during his initial participation in the White House.

“Laura and I are mourning the death of a friend,” former President George W. Bush said in a statement. “He was an American patriot and a strong supporter of Israel. Sheldon was a generous benefactor of charitable causes, especially medical research and Jewish heritage education. He will be missed by many – no more than his beloved family.”

Ticker Security Last Change Change%
LVS LAS VEGAS SANDS CORP 56.41 -1.51 -2.61%

Adelson, who is survived by his wife, Dr. Miriam Adelson, and five children, had a net worth of $ 35.6 billion as of Jan. 11, according to Forbes.

The funeral will be held in Israel, the birthplace of Miriam Adelson, and plans for a memorial service in Las Vegas will be announced later, according to the company.

Photo by MANDEL NGAN / AFP via Getty Images

He entered the casino business in 1989 when he bought the Sands Hotel and Casino in Las Vegas for $ 128 million and was recognized for helping make Las Vegas a top destination in the United States for conventions and exhibitions.

In 2007, Adelson opened the Venetian Macau on the Kotai strip, helping to recreate the Las Vegas strip in the Autonomous Region of the People’s Republic of China. Three years later, he opened the $ 6 billion Marina Bay Sands resort in Singapore.

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