The founder of Las Vegas Sands, Sheldon Adelson, who rose from modest upbringings in a suburban Boston neighborhood, died Tuesday at the age of 87.
Sheldon Adelson became a self-made billionaire, gaming industry titan on two continents, a fervent supporter of Israel, and a politically connected Republican Party financial backer and influencer, died Tuesday at the age of 87.
Las Vegas Sands Corp., the casino giant that he founded, announced Adelson’s passing in a statement.
Adelson died from complications related to treatment he was receiving for non-Hodgkin’s Lymphoma, the Las Vegas Sands casino said in a press release.
Adelson, whose net worth was estimated by Forbes Magazine at $35.9 billion, 19th on the Forbes 400, was chairman and CEO of Las Vegas Sands, the company named for the iconic Sands Casino in Las Vegas.
Adelson and several business partners acquired the Rat Pack-era Las Vegas Strip casino for $110 million in 1989.
Sheldon Gary Adelson was an American businessman, investor, philanthropist, and political donor. He was the founder, chairman and chief executive officer of Las Vegas Sands Corporation, which owns the Marina Bay Sands in Singapore, and the parent company of Venetian Macao Limited, which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center.
He owned the Israeli daily newspaper Israel Hayom, the Israeli weekly newspaper Makor Rishon, and the American daily newspaper the Las Vegas Review-Journal.
Adelson created the Adelson Foundation in 2007.
He and his wife Miriam Adelson were Trump’s largest donors.
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