Sheldon Adelson
Sheldon Adelson
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Full Name and Common Aliases
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Sheldon Gary Adelson was a renowned American businessman, investor, and philanthropist.
Birth and Death Dates
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Born: August 4, 1933
Passed away: January 11, 2021
Nationality and Profession(s)
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Nationality: American
Profession(s): Businessman, Investor, Philanthropist
As the chairman and CEO of Las Vegas Sands Corporation, Adelson was a leading figure in the global gaming industry.
Early Life and Background
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Adeldon was born in Boston's Dorchester neighborhood to Jewish immigrant parents. He grew up in a poor household but eventually attended trade school after dropping out of high school at 16. After serving in the U.S. Army during the Korean War, Adelson began his career as an accountant before transitioning into the hospitality industry.
Major Accomplishments
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Throughout his illustrious career, Sheldon Adelson achieved numerous milestones:
1. Transformed Las Vegas Sands: Under Adelson's leadership, the company expanded from a small casino in The Strip to become one of the world's largest gaming and hospitality companies.
2. Developed Iconic Resorts: He spearheaded the development of iconic resorts like The Venetian and The Palazzo in Las Vegas, as well as casinos in Macau.
3. Philanthropic Efforts: Adelson made significant contributions to various charitable causes, including education, healthcare, and Jewish organizations.
Notable Works or Actions
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Adelson's notable actions include:
1. Support for Israel: He was a strong supporter of the Israeli government and a vocal critic of Palestinian rights.
2. Lobbying Efforts: Adelson spent millions on lobbying efforts to influence U.S. policy, particularly on issues related to Israel and China.
Impact and Legacy
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Sheldon Adelson's impact on the gaming industry, philanthropy, and politics is undeniable:
His business ventures created thousands of jobs and generated billions in revenue.
He was a major donor to Republican Party candidates, including Donald Trump.
* His views on Israel and Palestine have been subject to controversy.
Why They Are Widely Quoted or Remembered
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Sheldon Adelson's influence extends beyond his business accomplishments:
1. Thought Leadership: As one of the most successful casino owners in history, he was often sought out for insights on the gaming industry.
2. Policy Influence: His lobbying efforts and philanthropic contributions have shaped U.S. policy on issues like Israel, China, and education reform.
3. Business Acumen: Adelson's ability to adapt to changing market conditions and innovate in his field has inspired entrepreneurs worldwide.
As a prominent figure in both the business and political worlds, Sheldon Adelson's quotes and actions continue to resonate with readers around the globe.
Quotes by Sheldon Adelson
There’s never been a real destination resort in Asia, and when we open the Venetian Macao, it will be the first.
I’m not in business to make money for the other guy. I’m in business to make money for myself.
He’s not a bold decision maker like Newt Gingrich is. Every time I talk to him, he says ‘well let me think about it.’
For me, businesses are like buses. You stand on a corner and you don’t like where the first bus is going? Wait ten minutes and take another. Don’t like that one? They’ll just keep coming. There’s no end to buses or businesses.
An entrepreneur is born with the mentality to take risks, though there are several important characteristics: courage, faith in yourself, and above all, even when you fail, to learn from failure and get up and try again.
I never thought about becoming wealthy. It never crossed my mind. What really motivated me was to try to accomplish something.
I am willing to spend whatever it takes … My moral standard compels me to speak out on this issue because I am the largest company by far in the industry and I am willing to speak out. I don’t see any compelling reason for the government to allow people to gamble on the Internet and nobody has ever explained except for the two companies whose special interest is going to be served if there is gaming on the Internet, Caesars and MGM.