Sheldon G Adelson's Kevo

 

According to Forbes Magazine, Adelson is the 3rd richest person in the world with a net worth estimated at $20.5 billion. His wealth in 2003 was only $1.4 billion [1]; in 2004, his fortune increased 750% after his company started publicly trading. [2]. He is the third richest man in the US in 2006 and Forbes estimates he has been earning about $1m an hour for the past two years³.

Sheldon Adelson did not start out as a successful businessman. He lost fortunes in venture capital and real estate before it striking rich with trade shows. He started Comdex Computer Dealers Expo in 1979 and it remained profitable. He sold to Japan's Softbank for an unprecedented $860 million 1995.

Adelson decided to get in on the casino/hotel side of the Las Vegas strip and started Las Vegas Sands Inc. to purchase the Sands casino in 1989 for $128 million. He lost money over 5 consecutive years. It was a sketchy purchase in the fir...

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