How Rich Is Sheldon Adelson
- Sheldon Adelson Political Donations
- What Does Sheldon Adelson Own
- What Is The Net Worth Of Sheldon Adelson
WASHINGTON -- The knives were out for me in January 2017 when I arrived in Washington as the White House correspondent for the Las Vegas Review-Journal. You see, I worked for what scolds liked to call Sheldon Adelson's paper -- and that was a no-no.
Sheldon Adelson's net worth at the time of his death was $35 billion He bought the Sands Hotel and Casino in 1988 for $128 million Adelson died at age 87 Monday from complications linked to cancer. In short, Sheldon Adelson committed as much as half a billion dollars from his vast fortune to buy control over a major element of U.S. Foreign policy and subordinated American interests to those of Israel. 2020 Forbes 400 NET WORTH $29.8B as of 9/8/20 Sheldon Adelson, the CEO and chairman of casino company Las Vegas Sands, died at age 87 on January 11, 2021. By Philip Giraldi, The Unz Review: The malignant toad is dead. Casino magnate and Israeli patriot multi-billionaire Sheldon Adelson, one of the world’s richest men, died in Las Vegas on January 11 th at age 87. He had been suffering from cancer and has been buried at the Mount of Olives Cemetery in Israel.When his body arrived in Israel it was met by Prime Minister Benjamin Netanyahu as well.
Adelson died Monday night, and I never got a chance to say this.
Had he given me marching orders? I heard that question a lot in 2017. In fact, I didn't meet or talk to Adelson until 2018, when I introduced myself at an event ahead of the Jerusalem Embassy opening.
The 'marching orders' question is one I never heard directed at the many other reporters in the room who worked for news organizations owned by billionaires. Jeff Bezos owns The Washington Post. Mike Bloomberg founded Bloomberg News. Rupert Murdoch is the brains behind Fox News and the Wall Street Journal. Even still, Adelson was treated as an outlier.
The big difference? Sheldon and Dr. Miriam Adelson were out-in-the-open megadonors to President Donald Trump. According to the Center for Responsive Politics, the Adelsons donated some $350 million to Republican campaigns and causes in 2018 and 2020.
So, I have been lectured by usually smart political observers who have told me that Adelson, more than the others, presented a troubling conflict of interest.
Bezos, the sometimes richest man in the world, was competing for a billion-dollar defense cloud contract. Crickets. (Well, except from Trump, who often referred to the 'Amazon Washington Post' in the same tone that trolls refer to the Review-Journal as the 'Adelson paper.')
When Bloomberg ran for president in 2020 in the Democratic primary, Bloomberg News instructed its reporters not to investigate him or his Democratic rivals, while leaving its news gatherers free to do their worst to Trump. Bloomberg pledged to spend $100 million to help then Democratic nominee Joe Biden win in 2020. Where was the outrage?
Outrage would only advertise the industry's dirty little secret. Billionaires own networks and newspapers.
Sheldon Adelson Political Donations
Fox News? Rival TV news outlets and print papers rarely fail to point out the network's conservative leanings -- blind to their own bias.
In Adelson's obituary, The Washington Post reported that Adelson 'bought newspapers in Nevada and Israel that promoted his views.' It's true that the Review-Journal endorsed Trump in 2016 and 2020 -- which you could expect. It is a standard practice that editorial pages reflect owners' politics.
On the news pages, meanwhile, the Review-Journal followed the story as the Trump campaign wrongly maintained massive voter fraud, courts rejected GOP lawsuits and President-elect Joe Biden declared victory. Like other newspapers.
In its Adelson's obituary, The New York Times wrote about tension in the newsroom by 'staff members who chafed at what they saw as inappropriate interference' from above. I laughed. The Times is dumpster of liberal preening. Those who work there know that if they do something that used to be standard journalism practice -- like, say, running an opinion piece by a U.S. senator that challenges a paper's editorial stand -- their precious perches could be toast.
In its Adelson obituary, the Gray Lady recalled the Adelson's shell-company purchase of the Review-Journal in 2015 -- a mistake that cost the new ownership goodwill.
Since then, the Review-Journal has expanded staff, invested in a large investigative team, re-opened the Washington bureau and maintained a Carson City bureau in an era when newspapers are shuttering shops in state capitals.
While regional newspapers, gut-punched with revenue losses due to the coronavirus, have laid off already stretched staff, the Review-Journal has not. Adelson-owned Las Vegas Sands Corp. also paid salary and benefits to some 11,000-plus casino and restaurant employees during pandemic closures.
'Endlessly caricatured in the media as a 'casino billionaire' and 'GOP mega-donor' the idea was to paint him as an out-of-touch, exploitative villain,' Noah Pollak wrote in the Free Beacon, as he lamented the media's failure to recognize the larger donations the Adelsons made to medical research, drug abuse treatment, schools, universities and, of course, Jewish and Israeli causes.
What Does Sheldon Adelson Own
The Adelsons also stood outside the mold as Israel hawks who really wanted to move the U.S. Embassy to Jerusalem.
Since 1995, Democrats and Republicans routinely and overwhelmingly voted in favor of the Jerusalem Embassy Act. The Senate voted 90-0 in favor in June 2017 -- secure in the belief that no U.S. president would follow through. To the Beltway's surprise, Trump actually kept his campaign promise to do just that.
Biden was a yes vote in 1995. During the 2020 campaign, Biden said that, if elected, he would not remove the diplomatic headquarters to Tel Aviv. So maybe Sheldon and Miriam Adelson are not outliers after all.
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What Is The Net Worth Of Sheldon Adelson
American casino magnate, Sheldon Gary Adelson, has a net worth of $31.4 billion in August 2019. Currently the 8th wealthiest American and 16th wealthiest person in the world, Adelson vastly increased his net worth upon the initial public offering of Las Vegas Sands in December 2004. He is Chairman and Chief Executive Officer of the Las Vegas Sands Corp., the parent company of Venetian Macao Limited which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. His fortune is up $7 billion since in 2010, as his strong position in the casino-crazy Asian markets has pushed stock of Las Vegas Sands up roughly 50% to a recent $48. (Shares once traded as low as $1.50 in 2009.) Through his majority-owned subsidiary Sands China, Adelson has 3 resorts in Macau.
The original source of Adelson's wealth and current investments was the computer trade show COMDEX, which he and his partners developed for the computer industry; the first show was in 1979. He sold it to Japan's Softbank for $862 million in 1995 and later built the $1.5 billion Venetian Resort Hotel Casino and the 1.2-million-square-foot Sands Convention Center in 1997 in Las Vegas. He opened the $1.9 billion Palazzo resort in 2008.