Casino mogul and political donor Sheldon Adelson dead at 87

Cornelia Mascio
Gennaio 12, 2021

Miriam Adelson and the Las Vegas Sands Corp. both released statements confirming Adelson's death. He had been on medical leave from the company since January 7 to resume his fight against non-Hodgkin's lymphoma, which he had battled since 2019. "He was an American patriot and a strong supporter of Israel".

The family was among President Donald Trump's largest donors - having given $75 million to a super PAC formed in opposition to then-Democratic nominee Joe Biden - and has donated more than a quarter of a billion dollars to GOP candidates, according to The Associated Press.

Adelson grew up in Boston, working as a newsboy as a child to help support his family before working his way up to becoming one of the most successful resort developers in Vegas.

In 2018, Forbes ranked him No. 15 in the USA, worth an estimated $35.5 billion.

The company owns the Venetian and Palazzo hotel and casinos on the Las Vegas Strip, along with properties in Singapore and Macao.

Mr. Adelson was the first employee of Las Vegas Sands - "Team Member Number One" he liked to say.

"If you do things differently, success will follow you like a shadow", he said in 2014, addressing the gambling industry in Las Vegas.

Both he and his wife directed nearly $350 million to Republican candidates during the 2018 and 2020 elections, putting them as the nation's top political donors according to the Center for Responsive Politics.

"Sheldon Adelson's life represents the best of the American dream", Secretary of State Mike Pompeo tweeted on Tuesday, while Republican Senate Majority Leader Mitch McConnell called him a "remarkable American".

Las Vegas Sands shares were down 1.4 percent in afternoon trading on Friday, following news of Adelson's medical leave.

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