Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Sheldon Adelson, billionaire Trump backer and CEO of Las Vegas Sands, died 87 years old

Sheldon Adelson, billionaire Trump backer and CEO of Las Vegas Sands, died 87 years old

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

Adelson was diagnosed with non-Hodgkin’s lymphoma in 2019 and recently stepped down from the company to resume his treatment, the company said on January 7.

“Mr. Adelson was the first employee of Las Vegas Sands -”

; Team Member Number One, “he liked to say. Today, more than 50,000 Sands team members have Dr. Adelson and the entire Adelson family in their thoughts and prayers and are grateful to have had their lives touched by a true force of nature, “according to a statement from Las Vegas Sands.

Adelson has been a longtime donor to the Republican Party, donating more than $ 430 million to conservatives during the 2020 campaign. He was an early and longtime supporter of President Trump during his first run for the White House.

“Laura and I mourn the death of a friend,” former President George W. Bush said in a statement. “He was an American patriot and a strong supporter of Israel. Sheldon was a generous charity for charity, especially medical research and Jewish cultural education. He will be missed by many – no more than his beloved family.”

Ticker Security Last Change Change %
LVS LAS VEGAS SANDS CORP 56.41 -1.51 -2.61%

Adelson, left by his wife Dr. Miriam Adelson, and five children, had a net worth of $ 35.6 billion per year. January 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 joined the casino business in 1989 when he bought the Sands Hotel and Casino in Las Vegas for $ 128 million and is credited with helping transform Las Vegas into the largest U.S. destination for conventions and exhibitions.

Adelson opened Venetian Macao on the Cotai Strip in 2007 and helped 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.


Source link