Love2Sexy Graphics : MySpace, Cherry Tap, Tagged, Hi5, Friendster etc...
 
Say Hello
What Is This?
Links
Stay Secure On The Web
Why You Need Mozilla Firefox?
Not The Best Online Game But You Can WIN Real Money..
Hate Your Friends? Don't Tell Them This Blog!
Sponsored Links
 
Sheldon Adelson


The World's Billionaires #6

[Previous] [Next #7]







Age: 73

Fortune: Self made

Source: Casinos, hotels

Net Worth: $26.5 bil

Country Of Citizenship: United States

Residence: Las Vegas, Nevada , United States, North America

Industry: Gambling/Leisure

Marital Status: Married, 5 children

Education: City College of New York, Drop Out

Son of a Boston cabdriver borrowed $200 from his uncle to sell newspapers at age 12. Made first fortune in trade shows. Created computer industry's premier show, Comdex, mid-1980s; ran 70% profit margin renting space for 15 cents a square foot and leasing it to exhibitors for up to $40 a square foot. Sold show to Japan's Softbank for $862 million in 1995. Then Las Vegas: bought old Sands casino for $128 million, demolished it to build the $1.5 billion all-suites Venetian casino resort and the 1.2-million-square foot Sands Convention Center. Changed the way Vegas does 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.

Old guard mocked him: "I loved being the outsider. I didn't care what those guys said." Took Las Vegas Sands public December 2004. Building $1.8 billion Palazzo resort adjacent to arch-rival Steve Wynn's Wynn Las Vegas. Big bet on Asia: opened $265 million Sands Macau casino May 2004, recouped entire investment in one year. Ramping up construction on Cotai Strip: $6 billion project will place 7 hotel-casinos on Macau's 2 islands, Taipa and Coloane. Cornerstone of project will be $1.8 billion Venetian Macau. Last May won coveted Singapore gaming license. Plans to build $3.5 billion Marina Bay Sands on 51-acre site with a view of the city's skyline.







Photo Sharing and Video Hosting at Photobucket










 
You're Not Welcome But You Can Comeback Anytime..
Sponsored Ads
Get Comments Here
Other Pictures
Free Links So You Don't Have To Pay..
Related Links
Ads
Chat Or Don't Chat?