Sheldon Adelson

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Sheldon Adelson (2010)

Sheldon Gary Adelson (born August 1, 1933 in Boston , Massachusetts , † January 11, 2021 in Malibu , California ) was an American entrepreneur who made his fortune in the real estate industry in Las Vegas . He was the owner of the Las Vegas Sands group. On the Forbes list of the richest people in the world, he finished 28th place with a fortune of around 33.5 billion in November 2020 US dollars .

Life

youth

Adelson was born the son of Jewish immigrants in Boston. His family immigrated to the United States from the Russian Empire ; the mother came from Ukraine , the father from Lithuania . As a teenager he worked as a newspaper deliverer and salesman.

Business activity

After working as a real estate loan broker, investment and financial advisor, Adelson founded the COMDEX computer fair with partners in 1979 . In 1988 Adelson bought the Sands Hotel and Casino in Las Vegas. The following year he built the Sands Expo and Convention Center , the only privately owned and operated exhibition center in the United States to date.

In 1995 he sold the COMDEX to the Softbank Corporation from Japan for a price of 860 million US dollars; the fair has not taken place since 2004. During his honeymoon in 1991 with his wife Miriam in Venice , Adelson came up with the idea of ​​building a hotel resort. He realized this idea in the same year and built the Venetian Resort Hotel for 1.5 billion US dollars . The luxury hotel has received several architecture awards.

In May 2004 the "Sands Macau", a hotel and casino opened in Macau . It is the first Las Vegas style in the People's Republic of China . On May 26, 2006, Adelson received the license to build the $ 2.4 billion Venetian Macau Resort Hotel in Macau, which opened on August 28, 2007. In 2010, Marina Bay Sands opened in Singapore's Marina Bay .

In 2006, Adelson founded the free newspaper Israeli together with the Israeli entrepreneur Schlomo Ben-Zwi, who acted as publisher, with the aim of creating a counterweight to what they considered to be the left-wing Israeli media landscape. After only 18 months, the joint commitment ended due to a difference of opinion and Adelson left the project. In the same year he made an unsuccessful offer to acquire a majority stake in the Israeli newspaper Maariw . So he decided to start his own newspaper. On July 30, 2007, the first issue of Israel HaYom (German: Israel Today) was published. In mid-2010, the free newspaper achieved a readership share of more than 35% in Israel and replaced Jedi'ot Acharonot as the most widely read newspaper.

In 2010 Adelson planned to build a Euro Vegas in Spain with twelve hotels, six casinos, several restaurants, a golf course, a sports stadium and an investment volume of 16.9 billion euros. In September 2013, the choice of location fell on Alcorcón near Madrid, but in December 2013 Las Vegas Sands gave up.

In late 2015, Adelson acquired one of the two major Las Vegas daily newspapers, the Las Vegas Review-Journal . The purchase was initially kept secret. After the purchase, editor Mike Hengel and columnist John L. Smith left the paper. Smith was sued by Adelson in 2005 over a passage in a book he wrote, won the lawsuit, but then went bankrupt. According to him, the new editor forbade him from further reporting on Sheldon and Steve Wynn , another casino operator.

politics

Adelson was close to the Republican Party and was one of its major donors : for example, in 2005 he supported the re-election campaign of George W. Bush with 250,000 US dollars. Most of the $ 30 million that the short-lived think tank Freedom’s Watch spent in the 2008 US presidential campaign to curb the influence of George Soros and democratic lobby groups came from Adelson.

Adelson supported Newt Gingrich's thesis that the Palestinians were "an invented people". Newt Gingrich received around 15 million US dollars in donations from Adelson and his wife Miriam for his unsuccessful application for the Republican Party presidential candidate in January 2012.

In the 2012 US election campaign, Adelson was one of the biggest donors and supporters of the Republican presidential candidate Mitt Romney and accompanied him on his trip to Israel . Adelson publicly announced that he would spend up to 100 million US dollars from his personal fortune to prevent the re-election of the Democratic incumbent Barack Obama .

In the 2016 presidential election, Adelson supported Donald Trump . Adelson donated $ 5 million to the inauguration celebrations.

Charitable commitment

Adelson donated $ 25 million to build a high school in Las Vegas. In 2006 he donated US $ 25 million to the Yad Vashem Holocaust Memorial . Since 2007, Adelson's Family Foundation has supported the youth project Birthright Israel with 140 million US dollars. Adelson founded the Dr. Miriam and Sheldon G. Adelson Medical Research Foundation , which supports a research program on neurological rehabilitation at ten universities with 7.5 million US dollars.

Private

Sheldon and Miriam Adelson (2019)

From 1991 Adelson was married to the Israeli doctor Miriam Adelson (nee Farbstein, widowed Ochshorn), with whom he had two children. His first marriage was to Sandra Adelson, who died after her divorce. Both had three (adopted) children; one of the sons died of a drug overdose in 2005.

In 2020, Adelson acquired the residence of the US ambassador to Israel in Herzlia Pituach near Tel Aviv, who will continue to reside there for the time being , despite relocating the embassy to Jerusalem .

Adelson died in January 2021 at the age of 87 from complications from non-Hodgkin lymphoma .

Web links

Commons : Sheldon Adelson  - Collection of Images, Videos and Audio Files

Individual evidence

  1. ↑ Sheldon Adelson, Las Vegas convention visionary and philanthropist, dies at 87. In: Las Vegas Review-Journal. January 12, 2021, accessed January 12, 2021 (American English).
  2. ↑ Sheldon Adelson. In: Forbes Magazine . Retrieved November 9, 2020 .
  3. ↑ Sheldon and Miriam Adelson. In: Jewish Virtual Library . Retrieved November 9, 2020 .
  4. ↑ Frankfurter Allgemeine Zeitung , August 11, 2010, p. 31.
  5. ↑ El Periódico. February 14, 2012, pp. 2-6.
  6. ↑ Idoya Noain, Cristina Buesa: Las Vegas Sands confirma la elección de Madrid para acoger Eurovegas . El Periódico , September 8, 2012, accessed July 21, 2016 (Spanish).
  7. ^ Alcorcón, de ciudad dormitorio a capital de juego europea. El País , February 8, 2013, accessed July 21, 2016 (Spanish).
    Sebastian Schoepp: US billionaire is building Las Vegas in the Spanish desert. Süddeutsche Zeitung , September 11, 2012, accessed on February 7, 2013.
  8. ↑ Ravi Somaiya: reporter in Las Vegas Try to Crack Case of Who Owns Their Newspaper . New York Times , December 14, 2015, accessed July 21, 2016.
  9. ↑ Camila Domonoske: Newspaper Editor Steps Down After Publication's Billionaire Buyer Unmasked . National Public Radio , December 23, 2015, accessed July 21, 2016.
  10. ^ Sydney Ember: Another Journalist Quits Las Vegas Newspaper Bought by Sheldon Adelson . New York Times , April 27, 2016, accessed July 21, 2016.
  11. ↑ David Folkenflik: The Vegas Columnist And The Newspaper Owner Who Once Sued For Libel Him . National Public Radio , January 14, 2016, accessed July 21, 2016.
  12. ↑ David Folkenflik: Las Vegas Columnist Quits After Ban On Writing About Adelson . National Public Radio , April 27, 2016, accessed July 21, 2016.
  13. ↑ Jim Drinkard: Donors get good seats, great access this week. USA Today , January 17, 2005, accessed July 21, 2016.
    Financing the inauguration. USA Today, January 16, 2005, accessed July 21, 2016.
    Some question inaugural's multi-million price tag. AP article on USA Today, January 14, 2005, accessed July 21, 2016.
  14. ^ Luo Michael: Great Expectations for a Conservative Group Seem All but Dashed. New York Times , April 12, 2008, accessed July 21, 2016.
  15. ↑ Revital Blumenfeld: Sheldon Adelson to Birthright group: Gingrich is right to call Palestinians 'invented people'. Haaretz , December 26, 2012, accessed July 21, 2016.
  16. ↑ Michael D. Shear, Nicholas Confessore: Primary Looms in NH, Donor Gives Lift to Gingrich . The New York Times , January 7, 2012, accessed July 21, 2016.
  17. ↑ Cynthia McFadden, Melinda Arons: Billionaire Expects 'Nothing' For His Millions to Gingrich Super PAC, Source Says . ABC News , January 24, 2012, accessed July 21, 2016.
  18. ^ Gabriel Trip, Nicolas Confessore: PAC Ads to Attack Romney as Predatory Capitalist. New York Times , January 8, 2012, accessed July 21, 2016.
    Cynthia McFadden: Billionaire Expects 'Nothing' For His Millions to Gingrich Super PAC, Source Says. ABC News , January 24, 2012, accessed July 21, 2016.
    Nicolas Confessore: 'Super PAC' for Gingrich to Get $ 5 Million Infusion. New York Times, January 23, 2012, accessed July 21, 2016.
  19. ^ Jeff Zeleny: Sheldon Adelson to Meet With Romney During Israel Trip . The Caucus: The Politics and Government blog of The New York Times, July 25, 2012, accessed July 21, 2016.
  20. ^ Matthias Rüb, Hans-Christian Rößler: Billionaire Sheldon Adelson: $ 100 million for Mitt Romney . Frankfurter Allgemeine Zeitung , September 17, 2012, accessed July 21, 2016.
  21. ^ John Santucci: Vegas Tycoon Sheldon Adelson Throws Support Behind Trump . ABC News , May 14, 2016, accessed July 21, 2016.
  22. ↑ Nicholas Fandos, "Sheldon Adelson Gave $ 5 Million for Trump's Inauguration," New York Times April 19, 2017
  23. ↑ Tom Tugend: Vegas billionaire Sheldon Adelson expected to set new charity donation record. The Jewish Journal of Greater Los Angeles , December 14, 2006, archived from the original on July 24, 2016 ; accessed on July 21, 2016 .
  24. ^ Ashley Livingston: Jewish school celebrates new home. Las Vegas Sun , October 2, 2008, accessed July 21, 2016 .
  25. ^ The 2006 Slate 60: Pledges. Slate , February 15, 2007; archived from the original on July 12, 2010 ; accessed on July 21, 2016 .
  26. ↑ Elad Benari: Adelson Foundation Gives Taglit An Extra $ 5 Million Boost. Arutz Sheva , July 21, 2016, accessed December 5, 2011 .
  27. ↑ About AMRF: Philosophy and Vision . Dr. Miriam and Sheldon G. Adelson Medical Research Foundation, accessed January 28, 2012.
  28. ↑ Friends: Gifts. UCLA Medicine, 2007, archived from the original on July 13, 2010 ; accessed on July 21, 2016 .
  29. ↑ Amir Zohar: The Adelson Method. Haaretz , March 13, 2008, archived from the original on July 19, 2008 ; accessed on July 21, 2016 (English).
  30. ↑ https://www.faz.net/aktuell/politik/ausland/usa-botschafterresidenz-nahe-tel-aviv-an-grossspender-von-donald-trump-verkauf-16945374.html
  31. ↑ Las Vegas Sands Announces Passing of Company Founder and Industry-Changing Entrepreneur Sheldon G. Adelson ( en ) January 12, 2021. Retrieved January 12, 2021.
personal data
SURNAME Adelson, Sheldon
ALTERNATIVE NAMES Adelson, Sheldon Gary (full name)
SHORT DESCRIPTION American entrepreneur and billionaire
DATE OF BIRTH August 1, 1933
PLACE OF BIRTH Boston , Massachusetts
DATE OF DEATH January 11, 2021
Place of death Malibu , California