Sheldon Adelson, 71, is worth an estimated $15 billion, most of it invested in shares in Las Vegas Sands, after the company's red hot December initial public offering. Las Vegas Sands owns and operates a number of hotels, casinos and exposition halls in Las Vegas and on China's Macau Island.If the figures are true -- earlier this year he was worth a paltry $3b. -- that would make him the eighth richest person in the world.
Adelson, an observant Jew and a major contributor to the Las Vegas Jewish Federation and Habad, is the chairman of LVS and its major shareholder. The company raised $690 million in the IPO, issuing shares at $29 that skyrocketed to $46.5 on their first day on the NYSE floor.
And, in related news, several planeloads of meshulochim from around the world have landed in Las Vegas and were seen heading directly towards Adelson's home.
Shabbat Shalom.
