In this success post, we are going to share the story of Sheldon Adelson, an American investor, philanthropist, businessman from Boston.
Adelson initially gained recognition when he developed the computer trade shows COMDEX in the year 1970. He is also the CEO and Founder of Las Angeles Sands Corporation and Marina Bay Sands in Singapore.
Sheldon Adelson’s net worth is around $35 billion, which makes him one of the richest businessmen in the world. He had influenced many by his amazing work as an entrepreneur and investor.
Sheldon Adelson Early Life
Sheldon Gary Adelson was born in Boston, Massachusetts, on the 4th of August 1933. Adelson was born into a low-income family in Dorchester. He is the son of Sarah Adelson and Arthur Adelson. His mother ran a knitting shop, and his father was a taxi driver.
Adelson started his early career at the age of 12 when he borrowed money from his uncle to start a license to sell a newspaper in Bostonattended City College of New York but dropped out later because he wanted to focus on his career as an entrepreneur.
Sheldon Adelson Career
Sheldon Adelson had his big break in the year 1979 when he started to create COMDEX (Computer Dealers Exhibition), which was his first entrepreneurial work. His incredible work became the top computer trade show. The show expanded to other cities and lasted for so many years.
In the year 1988, Adelson became an investor in his first casino by purchasing the aging Sands Casino. At the same time, the Venetian Casino was contracted. The casino is today one of the many facilities that are part of the largest resorts across the globe.
In the year 1991, Adelson met his second wife, Miriam, who was a physician specializing in drug abuse treatment. A few years later, he was one of only two Americans to receive a license from the Chinese government.
A few years, Adelson opened a massive $5.7 billion casino complex in Singapore. Sky Part was one of the multiple stories above the city. Despite having developed a vast casino empire. He was still waiting to obtain operating rights.
Adelson is planning to erect a casino resort complex costing around $10 billion.
As of 2020, Sheldon Adelson’s net worth is roughly $35 billion dollars, which makes him one of the richest investors and entrepreneurs across the globe.
Sheldon Adelson Charity
Adelson eventually got remarried to a beautiful woman named Miriam, who encouraged him to give more of his money to charity. The couple launched the Adelson Foundation in the year 2007. They are very passionate about helping Israel and the Jewish community, as Miriam is of Jewish descent. Through this foundation, the couple has donated approx. $140 million to Birthright Israel, a not for profit organization that pays for the Jewish Americans to travel to Israel and learn about their Jewish heritage.
They also donated $3 million to Hebrew SensiorLife, a senior citizen living community in Massachusetts, so that they can make the necessary updates to their housing facilities. Apart from that, they give millions of dollars each year to the Macabee Task Force, which is a group of people that travel to different colleges in Israel and around the world to educate the students on anti-Semitism and offer colleges with resources to prevent it.
Adelson and his wife even started with a private school in Las Vegas, called the Adelson Educational Campus, which strives to offer a top-notch education to its students. While you do not have to be Jewish to attend, they do integrate Jewish values into the curriculum.
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