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 -”
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.”
|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.
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.
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