Wed, May 16, 2012, 7:53 AM EDT - U.S. Markets open in 1 hr 37 mins

World's Billionaires - #12

Fantasy Finance
© Mike Clarke/AFP/Getty Images
Adelson-Sheldon.JPG
Sheldon Adelson    
United States    
$26.0 bil
  • Cabdriver's son borrowed $200 from uncle to sell newspapers at age 12.
  • Studied voice in teens, later dropped out of City College in New York City to become court reporter.
  • Made first fortune in trade shows.
  • Created computer industry's marquee event, Comdex, in mid-1980s; sold show to Japan's Softbank for $862 million in 1995.
  • Then Vegas: bought Sands Hotel & Casino for $128 million, demolished it to build the $1.5 billion all-suites Venetian Resort Hotel Casino and the 1.2-million-square-foot Sands Convention Center.
  • Changed the way casinos do business by enticing conventioneers to Sin City midweek, taking emphasis off gambling. Sold suites for $250 a night, added high-end retailers, celebrity-chef restaurants.
  • Took Las Vegas Sands public in December 2004.
  • In January opened $1.9 billion Palazzo resort next to nemesis Steve Wynn's Wynn Las Vegas.
  • All in on Asia: opened $265 million Sands Macau Casino in May 2004, recouped entire investment in one year. Unveiled $2.4 billion Venetian Macau in August; 10.5-million-square-foot mega-resort features 3,400 slots, 800 tables, 3,000 suites and a convention center. Won coveted Singapore gaming license last year; building $3.6 billion Marina Bay Sands on 51-acre site with a view of city's skyline.

Previous | Next

Back to Top 20 List

 

There are no comments yet

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Trading Center

Yahoo! Finance on Facebook

  YAHOO! FINANCE ON TWITTER