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

0
17


Sheldon Adelson, founder, president and CEO of Las Vegas Sands Corp., has died of a battle with cancer. He was 87 years old.

Adelson was diagnosed with non-Hodgkin lymphoma in 2019 and recently left the company to resume treatment, the company announced on January 7.

“Mr. Adelson was the first employee of Las Vegas Sands – “Member of the number one team,” he liked to say. Today, over 50,000 members of the Sands team have Dr. Adelson and the entire Adelson family in their thoughts and prayers and are grateful they had their lives touched by a true force of nature, ”according to one Las Vegas Sands release.

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

“Laura and I mourn the passing of a friend,” former President George W. Bush said in a statement. “He was an American patriot and a staunch supporter of Israel. Sheldon was a generous benefactor of charitable causes, particularly medical research and Jewish heritage education. He will be sadly missed – nothing more than his beloved family. ”

Teleprinter security Latest 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.

A funeral will be held in Israel, Miriam Adelson’s birthplace, with plans for a memorial service in Las Vegas to be announced at a later date, according to the company.

Photo by MANDEL NGAN / AFP via Getty Images

He entered the casino business in 1989 when he purchased the Sands Hotel and Casino in Las Vegas for $ 128 million and helped establish Las Vegas as America’s # 1 destination for conventions and exhibitions.

Adelson opened the Venetian Macao on the Cotai Strip in 2007, 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.

CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS

LEAVE A REPLY

Please enter your comment!
Please enter your name here