American casino magnate Sheldon Adelson, passes away at age 87
The business titan’s net worth was that of around $35 billion
Chairman and CEO of Las Vegas Sands, Sheldon G. Adelson, passed away last night Monday 11th from complications related to treatment for non-Hodgkin’s Lymphoma. Last week, Mr. Adelson took a leave of absence from Sands to resume his treatment.
Sands said that Sheldon ‘transformed the industry, changed the trajectory of the company he founded, and reimagined tourism’ in Las Vegas, Singapore and Macau.
Dr. Miriam Adelson, wife to the American business magnate in a statement provided by the Las Vegas Sands commented on Tuesday:
“It is with unbearable pain that I announce the death of my husband, Sheldon G. Adelson, of complications from a long illness,
To me — as to his children, grandchildren, and his legions of friends and admirers, employees and colleagues — he is utterly irreplaceable.”
Adelson was Sands first employee. The company has since grown to 50,000 employees.
Mr. Adelson started out from selling newspapers on Boston street corners when he was just 12 years old and he rose to become the most successful luxury resort developers, philanthropist and political influencer of his generation.
When COVID hit, Aldeston told the New York Post column that he had made the decision to keep paying his employees for the reason that “As the son of hardworking, low-income, immigrant parents, I grew up with the same anxiety people across the nation are feeling right now.”
Sheldon Adelson’s funeral will be held in Israel, the place where his wife was born. Plans for a memorial in Las Vegas, where he ran the Venetian and Palazzo casinos, will also be held at a later date.
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