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oct
27

Sheldon Adelson & Andrew Beal Among Forbes List Of Billionaires In 2017

Tags: Andrew Beal, Forbes, Sheldon Adelson.
Posted on Friday, October 27, 2017 by "T".

Forbes magazine has recently released to the public their newest rankings of the 400 wealthiest people in America, and two of them on the list are well-known in the world of poker.

Sheldon Adelson and Andrew Beal have made it on the 2017 Forbes List of The World's Billionaires.

 

Sheldon Adelson is the CEO of Las Vegas Sands Corp., and his company owns the Venetian in Las Vegas and many other casinos in Asia. He is worth an estimated $30.4 billion. This year's ranking shows it was an improvement over the past year, where he placed 22nd with a net worth of $27 billion. Therefore, his fortune grew by more than 31%.

He may not be a poker player, but Adelson owns the Venetian in Las Vegas which is home to one of the most popular poker rooms across the globe. However, it is good to note that there are a lot of poker players who do not wish to play there because of his anti-online poker stance.

The casino magnate and GOP megadonor has, for a long time, been on a quest to have Internet-based poker banned in America. Even if he failed to pass his Restoration of America's Wire Act (RAWA), his firm interest in the issue has kept many recipients of his political donations from considering other bills that support online gambling and online poker.

On the other hand, Andrew Beal is a poker player and owner of Beal Bank. He deems himself a number theorist who utilized his math skills to invest wisely, and if the stakes are high enough, he can use these skills to help him win at poker.

Of course, Beal absolutely did not become rich through poker. From the duration of 2001-2004, in 2006, 2011 and 2015, he lost more money playing poker than most people will ever get their hands on in an entire lifetime.

It all began in 2001 when Beal would play at the Bellagio in Las Vegas against some of the best high-stakes poker pros in the world such as the likes of Doyle Brunson, Todd Brunson, Jen Harman, Barry Greenstein, and Phil Ivey. He battled against a group of players called "The Corporation" in heads-up games at the highest stakes one can imagine. In a 2016 podcast interview with Daniel Negreanu, Harman said that the blinds in those limit hold'em games would go up as high as $100,000 / $200,000!

In 2006, in a course of three days, Beal lost $16.6 million to Ivey.

Five years later, in 2011, it was reported that he lost around $50 million in three poker games against amateur poker players, including Spider-Man actor Tobey Maguire. A representative of Beal said that was not the correct amount. However, he only said, "The amounts stated in your e-mail to us concerning Mr. Beal are inaccurate. Beyond that, Mr. Beal has no further comment."

In 2015, during one session, Beal lost $5 million to Todd Brunson in Bobby's Room at the Bellagio.

Of course, this doesn't mean that Beal loses every time he plays at a poker table. He in fact has taken home some multi-million-dollar pots, like the $11.7 million pot at the Bellagio in 2004.

Source:
https://www.forbes.com/billionaires/list/#version:static_country:United%20States

 


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8 comments for "Sheldon Adelson & Andrew Beal Among Forbes List Of Billionaires In 2017"

 doubletop77710/27/2017 8:32:24 AM GMT
The amounts of money being talked about here is astronomical and i wouldn't mind being in their shoes!!! Andy Beal is famous for losing millions at poker but i think he can afford it!
 Mober10/27/2017 8:04:21 PM GMT
I thought that the list of forbes had 100 entries.
What happened there. More people wanted to see their name on that list and they put more? Smile
Just looking how much money the first one has each time, is enough to make you stop reading.
No need ruining the whole day of yours, going to the end of that list Smile
 Gerimantas10/27/2017 8:46:44 PM GMT
Yes I think too if biek has more than 10 billions in his account fo lose eveb 100 millions of dollars is only 1% of his bank, so yes this money is very big in poker, but he makes his money in banks and investing and i this world there is different money. Adelson is very rich, iver 30 billions is sioer big
 CALICUL10/27/2017 10:16:20 PM GMT
This billionaire has not lost so much of poker as says in this material. In 2004 Andrew Beal win a big pot 11,7 millions dollars and it was not the only time when he won. For these people this amount of money is not that big. They can lose much but this rich people produce big money.
 pochui10/29/2017 8:42:09 AM GMT
kinda whooping mount of dollaros these two dudes possess I have to admit... and as for mr. biel this one really loves the adrenaline rush with multimillion pots on the poker tables seems to be what drives him. risky business this high stakes poker is...
 Tony_MON7ANA11/1/2017 1:24:45 AM GMT
I have seen Andrew Beal playing high-stakes poker on YouTube. I didn't know he was the founder and chairman of Beal Bank. $10.4 billion in assets? Wow! That is an insane amount of money. Does he have his own island? Does he even have a time machine?
 CALICUL11/1/2017 2:26:27 PM GMT
Posted by pochui:
kinda whooping mount of dollaros these two dudes possess I have to admit... and as for mr. biel this one really loves the adrenaline rush with multimillion pots on the poker tables seems to be what drives him. risky business this high stakes poker is...


Are business people who risk a lot in life and many of them manage to accumulate colossal sums. For them the competition weighs a lot and for that they do a lot of things to stay in the top. When you have a lot of money you can relax playing a few million dollars. It's a fad for them. Blink
 DaCapo7111/6/2017 9:42:50 AM GMT
I´m not verry surprised, that Casino owners are on the Forbes list of the richest people in the World. There are a lot of Slot games and we see every day new Slots int the big gaming world Blink And of cours, they have enough money to play high stakes poker.

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