Las Vegas Sands founder Sheldon Adelson has died

The founder of Las Vegas Sands (LVS), which owns casinos in Las Vegas, Macau and Singapore, Sheldon Adelson died at 88. The company’s press office announced.

“Our founder and visionary leader Sheldon G. Adelson passed away last night at the age of 87 from complications related to treatment for non-Hodgkin’s lymphoma,” LVS said. It is specified that he will be buried in Israel, the home of his wife, doctor and philanthropist Miriam Adelson.

Sheldon Adelson was born to Jewish immigrant parents in a poor neighborhood of Boston. He worked as a mortgage broker, entrepreneur, investment expert and financial consultant. He created about 50 different companies to his credit. In the 1970s he became involved in organizing exhibitions and conferences in Las Vegas. The most famous project of the businessman in this sphere is Comdex, held from 1979 through 2003.

In the 1990s, Adelson began developing LVS. This is one of the most famous companies in the world, providing entertainment services at various resorts around the world. According to Forbes as of January 12, 2021, Adelson’s fortune is estimated at $35 billion. In 2020, he was ranked 19th on the list of the 400 richest people in the United States.

Adelson has also been linked to U.S. President Donald Trump. For example, in 2018, the American media wrote that the businessman was among those who donated to Trump’s inaugural fund before his election. Forbes called the businessman “Trump’s wallet.” According to the publication, he and his wife sent $123 million to support the Republican Party in 2018.

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