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Early Life and Education
Sheldon Gary Adelson was born on August 4, 1933, in Boston, Massachusetts, to Jewish immigrant parents from Lithuania and Wales. He grew up in a low-income neighborhood in Boston’s Dorchester area. His father was a taxi driver, and his mother ran a knitting shop.
Adelson attended the City College of New York but dropped out at the age of 19 to pursue various business ventures.
Business Ventures
Adelson’s first major success came from starting businesses in the trade show and travel industries. He founded the COMDEX trade show for the computer industry in 1979, which became one of the largest computer trade shows in the world. Adelson sold COMDEX to SoftBank Corporation in 1995 for $862 million.
In 1989, Adelson purchased the Sands Hotel and Casino in Las Vegas, which marked his entry into the gaming industry. He demolished the Sands in 1996 and replaced it with The Venetian Resort Hotel Casino, which opened in 1999. The Venetian’s success led Adelson to expand his empire with the construction of the Palazzo Resort Hotel Casino adjacent to The Venetian.
Sheldon Adelson Summary
| Full Name: | Sheldon Adelson |
| Nickname: | Sheldon Adelson |
| Father: | Arthur Adelson |
| Mother: | Sarah Adelson |
| Birth date: | August 4, 1933 |
| Age: | 87 Years |
| Zodiac Sign: | Leo |
| Height: | N/A |
| College/University: | The City College of New York |
| Profession: | Businessman |
| Birth Place: | Dorchester, Boston, Massachusetts, United States |
| Net Worth: | US$29.8 Billion |
Casino Empire
Adelson’s company, Las Vegas Sands Corporation, became one of the largest casino and resort operators in the world. In addition to his properties in Las Vegas, Adelson expanded internationally, particularly in Macau, China. The Venetian Macao, opened in 2007, became the largest casino in the world at the time. Adelson’s ventures in Macau played a significant role in his immense wealth.
Philanthropy
Sheldon Adelson was known for his philanthropic endeavors, particularly in the realms of medical research, education, and Jewish causes. He and his wife, Miriam, donated hundreds of millions of dollars to various charitable organizations and causes.
Political Influence
Adelson was a prominent donor to Republican political causes in the United States. He supported numerous conservative politicians and causes, including Newt Gingrich, Mitt Romney, and Donald Trump. Adelson’s political influence extended beyond donations, as he used his media platforms to advocate for his political beliefs.
Personal Life and Legacy
Sheldon Adelson was married twice and had five children. He was known for his business acumen, strong personality, and conservative political views. Adelson passed away on January 11, 2021, at the age of 87 due to complications from treatment for non-Hodgkin’s lymphoma.
Adelson’s legacy includes his contributions to the gaming industry, his philanthropy, and his impact on conservative politics in the United States. He left behind a significant fortune, and his business empire continues to operate under the stewardship of his family and executives.
Sheldon Adelson Childhood
Sheldon Adelson’s childhood was marked by modest means and the values instilled in him by his immigrant parents. Born on August 4, 1933, in Boston, Massachusetts, to Sarah and Arthur Adelson, Sheldon grew up in a working-class Jewish family. His father worked as a taxi driver, while his mother ran a small knitting shop. The family lived in the Dorchester neighborhood of Boston, which was not affluent.
Growing up during the Great Depression and in the aftermath of World War II, Adelson experienced financial struggles early in life. Despite these challenges, his parents instilled in him the importance of hard work, perseverance, and determination. Adelson often attributed his entrepreneurial spirit and success to the values he learned from his parents during his formative years.
Education was also important in the Adelson household, and although the family couldn’t afford private schooling, Sheldon attended public schools in Boston. He later pursued higher education at the City College of New York but dropped out at the age of 19 to pursue various business ventures.
Adelson’s childhood experiences of financial hardship and the work ethic instilled in him by his parents played a significant role in shaping his character and approach to business later in life. These early experiences likely contributed to his drive to succeed and his willingness to take risks in pursuit of his entrepreneurial ambitions.
Why We Love Sheldon Adelson
As an AI language model, I don’t have personal feelings, but I can outline some reasons why people might admire or respect Sheldon Adelson:
Business Success: Adelson built an impressive empire in the casino and resort industry, starting from modest beginnings. His entrepreneurial spirit, vision, and ability to execute complex business strategies are admired by many.
Philanthropy: Adelson’s significant contributions to various charitable causes, particularly in medical research, education, and Jewish organizations, have earned him respect and admiration. His philanthropic efforts have had a positive impact on numerous individuals and communities.
Job Creation: Through his business ventures, Adelson created thousands of jobs, both in the United States and internationally. His contributions to the economy have been significant, particularly in regions where he developed large-scale resort and casino complexes.
Innovation: Adelson was known for his innovative approach to business, as evidenced by the success of ventures like the COMDEX trade show and The Venetian Resort Hotel Casino. His ability to identify opportunities and pioneer new concepts in the gaming and entertainment industry is respected by many.
Political Influence: While not universally loved, some admire Adelson for his political activism and support of conservative causes. His significant financial contributions to Republican politicians and causes have helped shape the political landscape in the United States.
Family Values: Adelson’s dedication to his family and his commitment to passing on his values and business legacy to future generations are qualities that some people find admirable.
Survivor of Adversity: Adelson overcame numerous challenges and setbacks throughout his life, including financial struggles in his childhood and business failures early in his career. His resilience and ability to bounce back from adversity are inspiring to many.
Awards and Recognition
Sheldon Adelson received numerous awards and recognition throughout his lifetime, acknowledging his achievements in business, philanthropy, and contributions to various industries. Some of the notable awards and honors include:
Woodrow Wilson Award for Corporate Citizenship: Adelson received this prestigious award in 2009 in recognition of his philanthropic endeavors and contributions to society.
Theodore Roosevelt Rough Rider Award: In 2011, Adelson was honored with North Dakota’s highest commendation for his significant contributions to the state’s economy and tourism industry.
Four Freedoms Award: Adelson was recognized with the prestigious Four Freedoms Award by the Roosevelt Institute in 2008 for his philanthropic efforts and commitment to advancing the ideals of freedom and democracy.
American Gaming Association Hall of Fame: Adelson was inducted into the American Gaming Association’s Hall of Fame in 2009 in recognition of his pioneering role and exceptional contributions to the gaming industry.
Global Gaming Expo Lifetime Achievement Award: Adelson was honored with the Global Gaming Expo Lifetime Achievement Award in 2012 for his remarkable achievements and leadership in the gaming and resort industry.
Forbes 400: Adelson was consistently ranked among the wealthiest individuals in the United States by Forbes magazine, earning a place on the Forbes 400 list numerous times throughout his career.
TIME 100: Adelson was named to the TIME 100 list, which recognizes the world’s most influential people, in 2009 for his significant impact on the gaming industry and philanthropic work.
Questions And Answers
- Q: Who was Sheldon Adelson?
A: Sheldon Adelson was an American business magnate, investor, and philanthropist, best known for his vast empire in the casino and resort industry. - Q: What was Sheldon Adelson’s background?
A: Adelson was born on August 4, 1933, in Boston, Massachusetts, to Jewish immigrant parents from Lithuania and Wales. He grew up in a modest neighborhood in Boston and learned the values of hard work and perseverance from his parents. - Q: How did Sheldon Adelson make his fortune?
A: Adelson made his fortune primarily through his ventures in the casino and resort industry. He founded the COMDEX trade show for the computer industry in 1979 and later ventured into the gaming industry, acquiring and developing properties in Las Vegas and Macau. - Q: What were some of Sheldon Adelson’s notable business achievements?
A: Adelson’s most notable business achievements include founding COMDEX, one of the largest computer trade shows in the world, and developing The Venetian Resort Hotel Casino in Las Vegas, which became one of the most iconic properties on the Vegas Strip. - Q: How did Sheldon Adelson impact the gaming industry?
A: Adelson played a significant role in shaping the modern gaming industry, particularly through his expansion into Macau, China. His developments in Macau, including The Venetian Macao, helped transform the region into the world’s largest gambling market. - Q: What philanthropic causes did Sheldon Adelson support?
A: Adelson supported various philanthropic causes, with a particular focus on medical research, education, and Jewish organizations. He and his wife, Miriam, made substantial donations to organizations such as the Adelson Medical Research Foundation and Birthright Israel. - Q: What was Sheldon Adelson’s influence on politics?
A: Adelson was a prominent donor to Republican political causes in the United States. He supported numerous conservative politicians and causes, using his wealth and media platforms to advocate for his political beliefs. - Q: What was Sheldon Adelson’s legacy?
A: Adelson’s legacy includes his contributions to the gaming industry, philanthropy, and political activism. He left behind a significant fortune and a lasting impact on various sectors, including business, politics, and charitable endeavors.
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