Skip to main content

Casino Magnate Sheldon Adelson Dies at 87: A Look at His Legacy

Publish date:
Video Rating:
Video Duration:

Casino magnate Sheldon Adelson, a strong Republican donor and Trump supporter, passed away at the age of 87, due to the complications from a long illness, on Monday,

His wife Dr. Miriam Adelson announced his passing calling him “an American patriot.”

“To me, Sheldon had power and depth and mystery like the sea. His devotion lifted me up, like waves, through challenges both personal and professional,” said Adelson.

Adelson was known for his incredible rags-to-riches story. Born in Boston to immigrant parents, he began selling newspapers on the street at age 12. His passion for entrepreneurship led him to become the founder of Las Vegas Sands  (LVS) - Get Las Vegas Sands Corp. Report, the world’s largest casino company.

With a net worth of $35.6 billion as per Forbes, Adelson was a mega-donor for the Republican Party and strong supporter of President Donald Trump. 

Former President George W. Bush, called him an "American patriot, a generous benefactor of charitable causes, and a strong supporter of Israel."

Israeli Prime minister Benjamin Netanyahu also took to Twitter  (TWTR) - Get Twitter, Inc. Report, mourning his demise.

"He was a wonderful friend to us personally and an incredible champion of the Jewish people, the Jewish state and the alliance between Israel and America," Netanyahu said.

It's worth mentioning that when the ongoing coronavirus ravaged the world's economy, his company was the only casino to not lay off employees amidst the pandemic.

"When the COVID-19 crisis hit and those hotels went dark, he insisted that our tens of thousands of Team Members continue getting their wages and medical insurance," his wife said.

Adelson is survived by his wife and five children.

Latest Videos From TheStreet and Jim Cramer:

Related Videos