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Sheldon Adelson Dies at 87, a Giant in the Casino-Resort Industry

19:15, Tuesday, 12 January, 2021
Sheldon Adelson Dies at 87, a Giant in the Casino-Resort Industry

Billionaire Sheldon Adelson, a giant in the casino-resort industry and one of the largest donors to the Republican Party, has died at the age of 87.

As a young man, Mr. Adelson seemed to lack focus. The son of an immigrant Jewish cabdriver, he flitted from one business to another, dabbling in mortgage brokerage, investment advice, venture capital, real estate, chartered tours and sales of De-Ice-It spray for windshields.

In his mid-30s, Mr. Adelson began finding his way as an entrepreneur who would become one of the world’s richest men, with a fortune estimated by Forbes at $35.9 billion. He made himself into a giant in the casino industry with his lucrative resorts, one of the largest donors to the Republican Party, a leading backer of Israeli Prime Minister Benjamin Netanyahu and a newspaper publisher in Nevada and Israel.

Las Vegas Sands Corp. announced the death of its chairman and chief executive in a statement Tuesday, less than a week after the company said he was taking a medical leave for cancer treatment. In March 2019, the company said Mr. Adelson had been diagnosed with non-Hodgkin lymphoma.

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