Sheldon Gary Adelson is an American business magnate, investor, and philanthropist. He is the chairman and chief executive officer of the Las Vegas Sands Corporation, the parent company of Venetian Macao Limited which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center.
He also owns the Israeli daily newspaper Israel HaYom. Adelson, a lifelong donor and philanthropist to a variety of causes, founded with his wife's initiative the Adelson Foundation.
As of July 2014, Adelson was listed by Forbes as having a fortune of $36.4 billion, and as the 10th richest person in the world.
Adelson is also a major contributor to Republican Party candidates, which has resulted in his gaining significant influence within the party.
In 1988, Sheldon Adelson and his partners purchased the Sands Hotel and Casino in Las Vegas, the former hangout of Frank Sinatra and the Rat Pack.
In August 2007, Adelson opened the $2.4-billion Venetian Macao Resort Hotel on Cotai and announced that he planned to create a massive, concentrated resort area he called the Cotai Strip, after its Las Vegas counterpart. Adelson said that he planned to open more hotels under brands such as Four Seasons, Sheraton and St. Regis.
In 2007, Adelson's estimated wealth was $26.5 billion, making him the third-richest person in the United States according to Forbes.
In 2013, Adelson earned a top ranking on Forbes' Annual 'Biggest Winner' List, his dramatic growth a result of the success of his casinos in Macau and Singapore, adding an estimated $15 billion to his net worth during the year.
In 2013, Adelson was worth $37.2 billion according to Forbes, and as of May 2014, his net worth is $37 billion.