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Sheldon Adelson Richest Casino Billionaire in the World

Tags: billionaires, Forbes, Sheldon Adelson.
Posted on 13 April 2020 by "T".

Forbes' annual list of the world's richest people, the world's billionaires list in 2020, has showed that Sheldon Adelson, the founder and chairman of Las Vegas Sands, is the richest casino billionaire in the world. Ranked on the 28th spot in the list, the 86-year-old casino entrepreneur has a net worth of $31.2 billion.

The richest person alive in the gambling industry, Adelson owns over half of the Sands empire. According to his Wiki page, he is the founder, chairman and chief executive officer of Las Vegas Sands corporation, which owns the Marina Bay Sands in Singapore, and the parent company of Venetian Macao Limited, which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. He owns the American daily newspaper Las Vegas Review-Journal. He is a Republican Party member who made the largest single donation to any U.S. presidential inauguration when he gave the Trump inaugural committee US$5 million.

His company was the first to develop the Cotai Strip in Macau, China.

Next to Adelson, here are the other richest casino and online gambling tycoons in the world as listed by Forbes:

Name

Country

Net Worth

Age

 

Lui Che Woo

Hong Kong

$11.7 B

91

Founder of Galaxy Entertainment

Johann Graf

Austria

$6.5 B

73

Founder of Novomatic

Mark Scheinberg

Canada

$4.9 B

46

Co-founder of PokerStars

Denise Coates

UK

$4.5 B

52

Co-CEO of Bet365

Teddy Sagi

Israel

$4.5 B

48

Founder of Playtech

Steve Wynn, age 78, who created some of Las Vegas' most notable casinos like Treasure Island, The Mirage, Bellagio and Wynn Las Vegas, is ranked 648 with a net worth of $3.1 billion

The United States remains the home to most of the billionaires listed with 614, followed by China (including Macau and Hong Kong) at 456.

Forbes keeps a daily real-time net worth of all 2,095 billionaires. With Sands stock up today, Adelson's fortune as of April 2020 stands at $31.2 billion.

For the third consecutive year, the man on top of the Forbes Billionaires List is Jeff Bezos, owner of Amazon, with an estimated net worth of $124.7 billion.

 

Source:
https://www.forbes.com/billionaires/
Photo: https://www.forbes.com/profile/sheldon-adelson/#45d4be6b4a22

 


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35 comments on "Sheldon Adelson Richest Casino Billionaire in the World"

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» Sheldon Adelson Richest Casino Billionaire in the World

 antonis32116/04/2020 22:59:28 GMT
Choose the money and not life ?? Maragatero LOL Big Smile Choose the good life and not so much money I agree , but choose life and live like a poor ?? Live like a slave , just to be able to live 20-50 years more ?? thanks , but no thanks , keep this ''gift'' for yourself Smile

Get rich , or die tryin BlinkBetter Smile Die rich and live trying Blink

Better live ONE year , 6 months , or even ONE only uturly F***ing month (!!!) like the Seldon kind of guys do , than live 100 years like a poor or slave kind of worker . LOL Big Smile

dulevu ,
I agree , no problem with that at all Smile It's absolutely normal , it is the force that motivates us do more , and exceptional things in life , this is our purpose , this is our nature , that makes life more interesting to live Smile

I don't have problem with the rich guys , I love wathcing their lifestyle , I would love being one of them , if I said sth different I would be a total hypocrite Blink

I just have problem with the ones who are licking their as***** thinking that they will earn a lot when they ACTUALLY get peanuts or nothing , lol, stupid and retards , but in reality slaves of these richguys and their muppets/ right hand men , their brainwashing R propaganda is the least I want to listen to , LOL Smile Problem with the priests , idiot poor , journalists , puppets paid by them , ones who believe these men will save us , when they care only for their ass and how to make more billions and F everything Smile (absilutely rational Smile ) Smile

But if somepeople really get/win some money or power by these richguys , that's very nice and cool , good for them , the right thing to do , ofcourse I also want profit , BIG PROFIT , no just work for them like a slave or be brainwashed to be their (or even worse , their right hand minions' or muppets' ........ ) B***H , LOL Smile

Middle class poncies , very poor guys in great need or not , the puppet guys for all rich men dirty jobs are 1.000.000.000 times worse , more liars , more snakes , more dangerous , sneaky , ruthless , ''cheap men '' , immoral , lurking , VERY IMPORTANT : 100% MORE INCOMPETENT , than the very rich people or the billionaires Smile nouveau riche or some complexed not so rich poncies with only just few millions of $$$$ (probably stolen , not deserved lol) , or some extremist right wing rich poncies , are excluded by this rule , lol Smile At least this is what I believe Smile
 Mober17/04/2020 19:23:53 GMT
AN interesting article.
And we can see that in the top if the list are people from poker stars,
bet365 and playteck
All well know companies of course with big revenue each year.
Figures in money like this seem mythical and yet tru for some Smile
 antonis32118/04/2020 12:08:39 GMT
I remember when the richest man had 40-45 billions of dollars many years ago , I believe it was Bill Gates . Now , 15-20 years later , so many with $40 billions , also Bill Gates has reached $100 billions , Zeff Bezos has more than $100 billions . Technology fore sure , energy , gambling , food industry , metal and mining operations , media , ofcourse absolutely rational and good that some of the owners of these businesses have become billionaires Smile But then again , so many from fashion and reatail section have too many billions lol .......
 dule-vu18/04/2020 15:37:31 GMT
yes,more and more people have billions on accounts,but you must know that its not same to have 40 billions 20 years ago and now!its not same value of money!you can imagine how much this 40 billions worth in today money,much more!in todays world its much easier to earn money,with internet jobs,marketing and everything!you can just see how much they pay football players!
 CALICUL18/04/2020 16:41:44 GMT
Peoples with heavy business are very rich and on this planet there are many businessmen who are millionaires. We should not be surprised by the fact that the internet but also the large number of people contributes to their billions, when they choose to spend their money there.
 antonis32119/04/2020 13:39:25 GMT
Being a billionaire is awesome !! Work for a billionaire , especially directly , if he needs your capabilities , is awesome , you can make a lot of profit , then be a millionaire yourself one day !!! Hopefully you are not one of his countless cows to milk for pennys , then just cry Cool

Guys like Adelson are very lucky to be so successfull , they and their supporting friends have built their empires on this world , they now have the right to enjoy a very good living , so jealous of this Cool

Ofcourse , if he had a better attitude towards online poker , that would make him more pleasant to me . If I am not mistaken , he's one of the powerfull persons despising greatly online poker , has fought against it in the past , ofcourse in favor of his and his buddies' land based casinos .

Interest and seeking profits , very natural and logical . Ofcourse these isolation days , he might wishes he also had an online poker room , or shares in one of the existed rooms , to keep on winning profits . Online poker ,as well as online casinos , show their importance and contribution to people's entertainment as well as to their salary as an extra income , especially these days . Combine fun and profits at the same time , couldn't be better Smile
 CALICUL19/04/2020 17:16:33 GMT
People who make money since they are young have the greatest chance of becoming millionaires or billionaires. This casino owner has studied and learned how to do business and after that the money started coming. His money are made carefully and now is in top.
 dule-vu19/04/2020 18:59:52 GMT
you have different types of billionaires,those who will already be rich and will get money when they father or mother die and then they will earn more and more with their business and those who will invent something and with that they will earn billions!so you must respect this people who will make something from almost nothing!
 antonis32122/04/2020 06:21:40 GMT
LOL , there is no better thing than the inheritance , and no worst thing than somebody steling your inheritance !! LOL (Just saying Blink) . These sons or daughters that got these money from their parents , rarelly from other realatives of them , and they live like kings thanks to them , omg , so jealous I feel Smile Some people work in inhuman conditions , even nowadays , to earn pennys or $1 every day , and these rich have billions because of their parents . I wish I was adopted Big Smile Just kidding Big Smile

But if sb wins money from nothing he deserves absolute respect , and ofcourse respect his right to demise it to anyone he pleases , his money ... his fortune .....his will to whom or where he will give them Smile

 antonis32123/04/2020 16:09:38 GMT
The billionaires are too many nowadays . Then imagine how many are the multi millionaires , faaaaarrr too many !! The think of the millionaires , COOOUUUNTLEEESSSS !!! The billionaires are more , also their billions are more , and there is not inflation (or big inflation) last decades , so their fortune has increased really too much , they have far more money in real terms of power , they can buy far more things than before , not 1-10 of these very rich guys , but all of them !!!!!
 CALICUL23/04/2020 19:42:14 GMT
It is true that there are many billionaires, but it is not easy to make 30 billions. One is easier for many businessmen but his fortune of this owner is very great. Ambition matters a lot and ability to run the business same. It's a great performance.
 dule-vu23/04/2020 20:15:28 GMT
Posted by antonis321:
The billionaires are too many nowadays . Then imagine how many are the multi millionaires , faaaaarrr too many !! The think of the millionaires , COOOUUUNTLEEESSSS !!! The billionaires are more , also their billions are more , and there is not inflation (or big inflation) last decades , so their fortune has increased really too much , they have far more money in real terms of power , they can buy far more things than before , not 1-10 of these very rich guys , but all of them !!!!!


because you can earn money much faster then before,especially on internet,so thats why we cant compare time 20 or 30 years ago and now!now with 1 billion you can much faster earn 10 billions more and different jobs and things are in game!ofcourse people also spend more on casino,betting and poker games!
 antonis32124/04/2020 17:29:07 GMT
There's too much money out there nowadays , despite effortless attempts by governments to collect as much of it as possible with their crazy 20-45% taxes , lol . Ofcourse billionaires or multimillionaires pay the same taxes as everyone else . LOL .

Then again all these billionaires sometimes they organise philanthropic campaigns and parties , sport events to raise money (tennis???? Big Smile) , they have fund raising institutions (Clinton like Blink) for poor or deseases (AIDS , cancer , if 1% of the real total money raised and gathered by these institutions by other rich , famous or middle class pomncies , actually goes for these causes we should be satisfied; with sth more the cure would have been found since ages , LOL . I mean , if I become a famous person or at least a millionaire , my first priority is to found a charity institution , soon my 1 million will become 10 million , then 30 millions and the story goes on .....!!! Blink At least I will pay less taxes , guarantee profit Blink BIIIIIGGGG MONEY!!! ) )

Bezos gave 2 billions in 20 years for philanthropy Big Smile Gates 40-50 billions at the same time Big Smile Some say they will donate 99% of their fortune to charity not their kids , also they have sold their shares in successfull companies they created , also they are making so many doantions as if they are forced to do this .... i have this feeling sometimes , that
some billionaires are pushed (by the system , other rich powerfull guys ???) to get rid a lot of their fortune , so as to have less power (Gates ???) , Some otherwise should have triple or more wealth , incredibly rich due to their capabilities and very unique , important for the world , profitable businesses or companies . Very strange indeed , or maybe not so strange with some conspiracy thoughts ......
 CALICUL27/04/2020 13:35:32 GMT
Casino owners make money and this is not an easy thing. A lot of people work for them to keep casinos profitable. Marketing strategies are very good, because they must satisfy the players, employees & the owners. This ideas works and his fortune reached at this number.
 dule-vu27/04/2020 21:30:20 GMT
in america you pay tax on everything,no matter what you do!basketball players pay arround 50 % of salaries on tax,depend in what state they live,so you cant earn money in usa and not to pay tax!you can make donation and this will be deducted from your tax,so this is good thing,that you can give big donation,better then to give to goverment!probably lot of casino owners do this kind of things!
 antonis32129/04/2020 12:41:05 GMT
40 , 45 or even worse 50 % is crazy tax , and everyone knows that some people with connections don't pay taxes and if they are caught they are not punished .

Or else it would be incredibly impossible to gather so many billions in a very short period of time , with the exception of some geniuses (Gates) or people very good at exploiting at the maximum rate others' talents (Sreve Jobs) who have (or had ) very important businesses for all the world .

Absolutely rational , system tries to protect hirarchy of the wealthy people worldwide , many times with technical scheduled crises of every nature , in order to reset the prosperity and achievements of the poor and make them start again with less power (you don't have to follow the fake communist ideology (made by the system) to accept this truth , although whoever says that might be accused as a communist , LOL Blink ) , also it's a way for the system , every society to get rid of the weak (poor , unemployed , ill , mentally weak, etc Blink )

Anyway , the gather so many years 40-50% taxes , almost all countries complain they don't have money , they need more , they cannot pay for the basic , and other lies . Goverment politicians are the greatest thieves in every country Blink

Ok , in some countries have 1 billion $$ gdp other10 billions $$$ (montenegro ), others trillions of dollars $$$ , but their common place is that they are never enough lol , not for investments , not for the businesses , not to pay civil servants , not to help the poor , etc lol . Ofcourse US can print money whenever they wnt , with not many inflation consequences , or none consequences , one of the benefits if you are the indisputable world leader power .... Blink
 CALICUL29/04/2020 13:56:11 GMT
Taxes are a modal robbery because they are too high for what is needed in every year for a good life. A lot of money does not stay in the budget because it is grabbed by politicians... but every businessman pays a lot of money if he has no relationship. This owner same i think.
 dule-vu29/04/2020 21:54:17 GMT
in america every man pay tax,if you dont,dont worry goverment will take that from you and thats end of story!no matter how much you are rich you will pay it,you cant have any protection about that!so when you read that some nba players will get 100 millions for 5 seasons in nba,you must know that half of that goverment will take for tax,so player will get 50 millions,but ofcourse they dont say that in news!
 roeish311/05/2020 16:20:55 GMT
In Israel he spends hundreds of millions on a newspaper that is handed for free that is just a PR machine for Israel's prime minister. It is the most expensive PR newspaper I ever heard of, but it's doing it's job. Netayahu keeps winning time after time after time. Guess Adelson knows whats he's doing.
 antonis32111/05/2020 23:32:44 GMT
Paying all these crazy taxes of 40-50% guarantee one thing , you'll never be one of the billionaires , lol . Many of these people have the way to avoid some taxes , have the connections . The same applies for many who become multimillionaires . Especially when the acquire suddenly some new ''friends'' among other multimillionaires or billionaires , they can ladder up and level up very easy , not paying taxes , not being punishes , etc . Ofcourse , many times goverments or the system do keep these tax payments ogf them on ice , waiting to blackmail or punish these rich , if one day they lose power and connections , if one day they come against some of their pals Smile And then they might acused seriously , cause , I think , not paying taxes is a serious crime , especially for much $$$$$
 dule-vu12/05/2020 08:53:30 GMT
you cant avoid anything in usa,you cant avoid to pay tax,only thing that you can pay less if you make donation to some organisation,no matter who you know!dont know what tax you exactly pay in casino industry,especially in las vegas,but on sport you pay 50 %,so this isnt joke!its first and most important thing in america!
 Mysik8612/05/2020 11:12:52 GMT
Posted by antonis321:
I remember when the richest man had 40-45 billions of dollars many years ago , I believe it was Bill Gates . Now , 15-20 years later , so many with $40 billions , also Bill Gates has reached $100 billions , Zeff Bezos has more than $100 billions .


We call that - INFLATION
Big Smile

$2000 in 1900 is worth almost $70000, which mean that is multiplied almost 30 times. 29,72% in USA exactly Blink

https://www.in2013dollars.com/us/inflation/1900?amount=2000
 roeish327/05/2020 06:51:11 GMT
If you have enough money to hire the best accountancy firms than you don't pay as many taxes as the regular falks. This is why the 0.1% of people get to be wealthier while the rest of us are being hammered with day to day living and get no discounts from tax authorities.
It is known, especially in the US, that the more money you have the less tax you pay. Trump is not making this better, only worse.
 CALICUL27/05/2020 09:45:43 GMT
I don't know what Trump is doing, but accountants and financial experts help a lot. Good businessmen have behind them this kind of people who help them to get rich. Ordinary people pay high taxes because they do not know the laws and what options they have.
 antonis32131/05/2020 22:12:20 GMT
Posted by Mysik86:

We call that - INFLATION
Big Smile

$2000 in 1900 is worth almost $70000, which mean that is multiplied almost 30 times. 29,72% in USA exactly Blink

https://www.in2013dollars.com/us/inflation/1900?amount=2000


Personally I don't believe this is inflation for the very rich billionaires . If you see how some become billionaires , then lose many billions from their fortune , or who have some billions and some years later they double or triple their fortune , or why some very successfulldon't have enormously more billions , instead they have the same billions as others with not so importasnt businesses , also they say they gonna give 99% of their wealth to charities , or forced to sell their shares from most successfull businesses they had .

And these data for their fortune , are they 100% true ?? Also what taxes they ACTUALLY pay , I can only imagine , lol . More wealth in the world nowadays , more of it , more power to the hands of the world oligarch , middle classes' and workers' fortune are under absolute contro , with the fake (pre-scheduled) periodical economical crises and the minimum wages and the MF 20% to 45% taxes , 10% only for the bottom class , the bottom of the food chain Big Smile

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