The world's casino king, Sheldon Adelson became the 29th richest person in the world with a fortune of USD31.2 billion (Rp463 trillion). The source of his wealth comes from casinos located in Las Vegas and Macau as two of the world's gambling centers. Currently, Adelson serves as CEO of Las Vegas Sands Corporation based in Paradise, Nevada.
The owner's full name Sheldon Gary Adelson was born in Dorchester, Boston, Massachusetts on August 4, 1933. His mother was Sarah and his father Arthur Adelson. When Adelson was little, his father worked as a taxi driver. His mother, Sarah, also helps the family finances by running a knitting shop.
Growing up in a simple family made Adelson rack his brain to help the family's economy. Since the age of 12, Adelson has been exploring the newspaper business. At that time, he was desperate to borrow money from his uncle to buy a license for a newspaper in Boston. With his uncle's $200 loan, he became a newspaper seller.
However, the newspaper business did not last long. Adelson then turned to the candy vending machine business when he was 16 years old. Adelson had also been a reporter and joined the army before he went into the toiletry and glass-cleaning spray business. This 87-year-old man also turned out to have studied at City College of New York, New York City, USA even though he did not graduate.
When he was 27 years old, Sheldon Adelson got into the travel business and wealth began to come his way. In 1979 or when he was in his 30s, Adelson founded a computer trade show with his friends under the name COMDEX (Computer Dealers Exposition).
This business is going quite well and he gets a lot of profit. COMDEX is held annually in Las Vegas and soon became one of the largest trade shows in the world in its field and the first building block of the Adelson fortune.
He is a gambling king who is famous in the world because he managed to get a very large profit.
A few years later, Adelson and his colleagues expanded their business. They purchased the Sands Hotel and Casino in 1988 and founded Las Vegas Sands Inc. (LVS; Las Vegas Sands Corp. 2004).
In 1990 he opened the Sands Expo and Convention Center, one of the largest privately owned convention centers in the United States, in a location near the hotel. Adelson also in 1995 sold COMDEX to Masayoshi Son, founder of Softbank Corporation.
Adelson was then interested in developing a large hotel business in Venice when he honeymooned with his second wife in 1991. The hotel was named The Venetian.
This hotel is also one of the largest hotel complexes in the world. Although the original Sands hotel no longer exists, the casino company Adelson continues to use the Las Vegas Sands (LVS) name. Adelson also gained greater fame in the Las Vegas community by purchasing the city's largest daily newspaper, the Las Vegas Review-Journal, in 2015.
A few years after that, Adelson was interested in expanding to Macau. He also built the Venetian Macao Resort Hotel in 2007. The Venetian Macao also imitated the Venetian Las Vegas which opened in 2007, and several other casinos in the Macau region followed suit. The gambling king of all gambling kings in the world who has extraordinary wealth.
Soon after, Macau surpassed Las Vegas as the world's highest grossing gambling hub. The Asian casino also through LVS conducted an initial public offering of the company's shares in December 2004 pushing Adelson into the ranks of the richest people in the world. In 2010 LVS opened Marina Bay Sands, a major casino and hotel in Singapore.
Gait in Politics
It is true that gambling cases involving public figures have become a common thing, because the opportunities as a public figure make it easy for him to do anything. Since the early 1990s Adelson began to cultivate strong political views and in the following years he became known as a "big donor" in the Republican Party.
Taking full advantage of the Supreme Court ruling that effectively removed the cap on political contributions, he also reportedly made nearly $100 million (Rp 1.4 trillion) in traceable donations during the 2012 election.
Its contribution in 2016 was reported to be more than USD50 million (Rp742 billion). Apart from his strict partisan politics, Adelson also spent a lot of money supporting the Drug War and opposing the legalization of online gambling.
Adelson is a strong supporter of Israel, he began to involve himself in the country's internal politics after marrying an Israeli woman, Miriam Ochshorn, in 1991.
He has also been named as the main beneficiary of his generosity twice from Prime Minister Benjamin Netanyahu. At great expense, Adelson founded the free newspaper, Israel Hayom (Israel Today) in 2007. He also offered consistent support for Netanyahu and his conservative policies, Israel Hayom being the most widely circulated newspaper in the country.
Philanthropy
Adelson is also known for his philanthropy. He does not hesitate to donate millions of dollars to charities such as $25 million (Rp371 billion) to build a college in Las Vegas.
Adelson also donated $25 million to Yad Vashem Holocaust Martyrs and the Heroes Remembrance Authority in 2006, and is alleged to have donated $140 million (Rp2 trillion) to Israeli Birthrights.
Not only that, he also funded the Adelsoft Medical Research Foundation (AMRF) for researchers at several campuses. For his achievements, Adelson won several awards, including the International Center for Scholars Woodrow Wilson (2008), the Nevada Research Policy Institute and was appointed by President Bush to participate in an event in Jerusalem.
Personal life
Sheldon Adelson was once married to Sandra, but this marriage did not last long and they divorced. In 1991, Adelson remarried to Miriam Ochsom who was a doctor born in Israel in 1946 from parents named Menucha and Simha Faibstein.
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