Rags to Riches Series;
Sheldon Adelson CEO LAS VEGAS SANDS CORP An American billionaire, was born in Dorchester on 6th August 1933, to a traditionally democratic Jewish family. He was the son of a cab driver whose family migrated to the United States from Lithuania. At the age of 12, he borrowed $200 from his uncle and started selling Newspaper at a local street corner. In coming years, he worked in variety of fields and worked as a financial consultant, mortgage broker, and investment adviser. In 1960, he started travel and tourism business along with two of his friends. He went on to City College in New York but soon dropped out to become a court reporter.
Sheldon Adelson became famous as a property developer in Las Vegas. He created Convention Center, the Venetian Casino Resort and the Sands Expo and founded two reputed newspapers Israel HaYom and Maariv in Israel. Later he accompanied his ideas of real estates in Macao and Singapore. He also founded COMDEX Computer Dealers Expo, an exhibition, in mid 1979. After years of successful running he sold it for $ 862 million to Japan’s Softbank in 1995.
Many a time his ideas flopped yet Sheldon never believed in giving up and continued his voyage.
“I look at every business and ask, How long can this last? How can I identify the status quo and change it?” Sheldon Adelson
According to Forbes 2011, Sheldon’s net worth is $28billion and is the world’s 16th richest man.
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