08/01/1933Place of birth :
Boston - USACountry of residence :
USALinked companies : Las Vegas Sands Corp.
Sheldon Adelson is part of the club of self-made men become billionaires. At the head of the company LasVegas Sands Corp., he manages a housing complex of casinos and luxury hotels. He was classified in 2011, the sixteenth World fortune by Forbe's magazine.
After selling newspapers on the street during his youth, this son of a modest family knew different work experiences.
Broker then investment adviser, Sheldon created a few companies before finding one that will be really lucrative. And it is in the organization of trade fairs that he will have his first success. In 1979, he founded the Comdex with some partners, the first computer show in the world that will be sold in 1995 for $ 800 million.
The money generated by Comdex is gradually invested in acquiring casinos, real passion of this promoter. In 1989, he purchased the Sands casino in Las Vegas that will bring him fame and success. Encouraged by the financial benefits, he decided to go even further. In 1999, he razed the Sands and built in the place "The Venetian", a luxurious palace hotel and casino inspired by Venetian architecture.
Gradually, he convinces companies to organize seminars and conferences in his casinos, a revolution in Las Vegas traditionally focused on the game. The success is so big that in 2003, he launched the building of a tower with more than thousand suites.
In 2004, Sheldon Adelson decided to work on the international market creating the International Venetian Macao Limited: some casinos and business centers located in
His fortune was estimated at $ 23.3 billion by Forbes magazine in 2011, making him the 16th World fortune.
"I look at every business and ask, How long can this last? How can I identify the status quo and change it?"
"I see this as my humanitarian legacy. We're prepared to pay billions."
"If I were to retire, I would keep my family's interest in the company the same and say, Don't sell."
Copyright © 4-traders.com / Photo © Maxppp
|Latest news about Sheldon Adelson|| |