Philip Anschutz, a multimillionaire American businessman, was born on December 28, 1939. He owns or has control over businesses in a number of sectors, including energy, railways, real estate, sports, newspapers, movies, theatres, arenas, and music. He bought the parent firm of the Journal Newspapers in 2004, and under his leadership, Washington Examiner, an American conservative editorial daily, was created.

Anschutz is the son of Marian Pfister Anschutz and Fred Anschutz. He acquired Circle A Drilling, his father’s oil drilling business, in 1961 and made a fortune in Wyoming. He made investments in railways, real estate, and stocks. Along with many other soccer teams, he also co-founded Major League Soccer, an American association football/soccer league, as well as the Los Angeles Galaxy, Chicago Fire, Colorado Rapids, Houston Dynamo, San Jose Earthquakes, and the New York/New Jersey MetroStars.

Anschutz is the primary owner of the Los Angeles Kings of the National Hockey League and a small shareholder of the Los Angeles Lakers of the National Basketball Association.  Additionally, he has ownership interests in other entertainment facilities, such as the Staples Center, The O2, and the Dignity Health Sports Park.

He has made investments in movies including Ray, Joshua, and The Chronicles of Narnia through Walden Media, which he owns. He owns The Broadmoor in Colorado, Sea Island Resorts, and the Coachella Valley Music and Arts Festival through AEG Live. Additionally, he serves as the inspiration for CU Anschutz, the University of Colorado’s medical campus.

Philip Anschutz Bio/Wiki

Birth Name	Philip Frederick Anschutz
Nick Name	Philip Anschutz
Age	84 years (as in 2023)
Religion	Christianity
Sun Sign/Zodiac Sign	Capricon
Birth Place	Rusell, Kansas, US
Date of Birth	28 December 1939
Nationality	American
Hobbies	Hunting, Tennis, Squash and jogging
Family
Mother's Name	Marian Pfister Anschutz
Father's Name
Brother	NA
Sister
Girlfriends/Affairs
Affairs/Girlfriends	NA
Marital Status, Wife and Children
Wife/Spouse
Children	Christian Anschutz, Sarah Anschutz, Elizabeth Anschutz
Education
School	Wichita East High School
College/University	University of Kansas
Profession	Entrepreneur, Financier
Height, Weight, and Figure Measurements
Height (Approx.)	6 feet 1 inch
Weight (Approx.)	70 kgs
Extra Ordinary Features
Race / Ethnicity	American/White
Hair Color	Gray
Eye Color	Black
S*xual Orientation	Straight
Favourite Things
Favourite Food	NA
Favourite Book	NA
Favourite Colors	Blue
Favourite Sport	Golf
Controversies	Leaning towards politics with an involvement of controversies

Dharod Family Net Worth, Early Life, Career

Early life and Education

The son of Marian (née Pfister) and Frederick Benjamin Anschutz, Anschutz was born in Russell, Kansas. His father was a property developer and oil magnate who bought ranches in Wyoming, Utah, and Colorado before getting into the oil drilling industry. His great-grandfather, Carl Anschutz, was of German descent and founded the Farmers State Bank in Russell after leaving Russia.

Both Anschutz and Bob Dole were raised in Russell. In Kansas, he also resided in Hays and Wichita. Anschutz then gave money to Dole’s political efforts. In addition to earning a bachelor’s degree in business from the University of Kansas in 1961 as a member of the Sigma Chi Fraternity, Anschutz graduated from Wichita High School East in 1957.

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Philip Anschutz Personal life and Family

Anschutz likes to avoid the spotlight. He is an evangelical conservative Christian and a member of the Evangelical Presbyterian Church. He married Nancy when he was 16 and they had three children together. Anschutz was admitted to both the Kansas and American Business Halls of Fame in 2000 and 2002, respectively.

Only three formal interviews with Anschutz have been permitted since 1979, and none from the 1980s until 2015. He ended his media blackout on December 6, 2015, when he made an appearance alongside a number of Major League Soccer founders to commemorate the league’s 20th anniversary. Having completed 15 marathons, Anschutz. Wendall Anschutz, a seasoned news anchor and fellow native of Russell, was his first cousin.

Career

Ownership Of Land

For $10 million, Anschutz acquired the 250,000-acre (1,000 km2) Baughman Farms in Liberal, Kansas, one of the biggest farming conglomerates in the nation. He bought 9 million acres (36,000 km2) along the Utah-Wyoming boundary the next year. His first oil industry riches resulted from this.

Since Prudhoe Bay in Alaska in 1968, the Anschutz Ranch’s billion-barrel (160,000,000 m3) oil pocket has been the greatest oil field find in the United States. This was discovered in the early 1980s. Mobil Oil purchased a stake in it from Anschutz in 1982 for $500 million. Anschutz was Colorado’s only billionaire for a while.

He became one of the top 100 landowners in the country after purchasing property in other Western states. Prior to entering the entertainment sector, Anschutz first worked in the railroad and telecommunications industries.

As both men “made it rich in a fundamentally different way: they operated across an incredible diversity of sectors, conquering and remaking entire economic landscapes,” Fortune magazine likened him to the 19th-century billionaire J.P. Morgan in 1999.

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Petroleum and Railroad Industries

By acquiring Rio Grande Industries, the holding company for the Rio Grande Railroad, Anschutz joined the railroad industry in 1984. Under his leadership, the Rio Grande Railroad acquired the Southern Pacific Railroad in 1988. Anschutz was appointed vice-chairman of Union Pacific following the merger of the Southern Pacific and Union Pacific Corporation in September 1996.

He served as a Southern Pacific director from June 1988 to September 1996 before the merger and as non-executive chairman from 1993 to 1996. Beginning in 1995, he served as a director of Forest Oil Corporation. He was appointed Director and Chairman of the Board of Qwest in November 1993.

In 2002, he resigned as non-executive co-chairman, but he remained on the board. Along with serving on the boards of the American Petroleum Institute and the National Petroleum Council in Washington, D.C., he has also served as a director for Pacific Energy Partners. When Native American tribes attempted to protect ancient rock carvings in Weatherman Draw in south-central Montana, the Bush administration backed Anschutz’s right to develop an exploratory oil well there in May 2001.

Ten Native American tribes, environmental organisations, and preservationists unsuccessfully challenged the verdict. The Anschutz Exploration Corporation abandoned its ambitions to drill for oil in the region in April 2002 The Bureau of Land Management stated that it had no plans to permit further leases there and would consider formally withdrawing the 4,268-acre (17 km2) site from mineral leasing in its 2004 management plan.

They donated their oil and gas leases to the National Trust for Historic Preservation, which has promised to let the leases expire. The Anschutz Exploration Corporation received The National Trust for Historic Preservation’s President’s Award in appreciation of its preservation work.

After launching a legal case accusing Anschutz of collecting IPO shares from Salomon Smith Barney in return for Qwest’s investment banking business, New York Attorney General Eliot Spitzer and Anschutz came to an agreement in May 2003. Anschutz refused to admit guilt but offered to contribute a total of $4.4 million to resolve the dispute if he could choose the recipients beforehand.

Anschutz gave $200,000 to each of the six law schools, as well as $100,000 to each of the 32 nonprofit charitable organisations in New York. Spitzer relinquished his civil lawsuit in exchange. He really received no punishment because the payment was comparable to the profit he made from the IPO “spinning” activity.

A Wall Street Journal editorial titled “The Anschutz Ransom” criticised Spitzer’s lawsuit. After conducting a thorough investigation of Qwest officials, the U.S. Securities and Exchange Commission and the U.S. Department of Justice found no cause for action against any board members.

In the words of The Denver Post, “Qwest founder and board member Philip Anschutz not only is not a defendant in the long-awaited legal action against the regime of former Qwest chief executive Joe Nacchio, but he also doesn’t even earn a mention in the 50-page complaint.”

The Denver Rocky Mountain News announced in February 2006 that Anschutz will step down from the Regal Entertainment Group board and would not seek reelection to the boards of Qwest or Union Pacific in order to concentrate on his other interests. Anschutz would acquire Xanterra Parks and Resorts, which had acquired the Grand Canyon Railway in 2007, according to a June 24, 2008 announcement.

The Broadmoor, the Manitou and Pike’s Peak Railway, and the Oklahoma Publishing Company, located in Colorado Springs and Manitou Springs, respectively, were all acquired by Anschutz in 2011, according to a report. As of August 1, 2010, Kingsmill Resort was acquired and put under the administration of Xanterra Parks and Resorts. The resort was bought by Xanterra from Busch Properties, Inc. (BPI).

Anschutz Entertainment Group, Inc.

The Anschutz Entertainment Group (AEG) is a division of The Anschutz Corporation and a presenter of athletic events and musical entertainment. It is the biggest owner of sports teams, sporting occasions, and sporting venues around the entire globe. It also owns entertainment venues and, through AEG Live, is the second-largest producer of live entertainment events in the world, after Live Nation.

It is the owner of the Coachella Valley Music and Arts Festival through AEG Live. Anschutz declared on September 18, 2012, that he was going to put AEG up for sale. However, he opted not to accept any of the offers, and on March 14, 2013, he decided to take AEG off the market.

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Sports

Anschutz was ranked sixth among the “50 Most Influential People in Sports Business” in 2012, according to SportsBusiness Journal’s annual survey.

Soccer

Anschutz is one of only four individuals to receive the Medal of Honor from the National Soccer Hall of Fame for his contributions to the development of soccer in the United States. Anschutz was named by SportsBusiness Journal as the American soccer player with the greatest sway in 2006.

Anschutz was one of the league’s original owners and controlled the Los Angeles Galaxy, Chicago Fire, Colorado Rapids, Houston Dynamo, San Jose Earthquakes, D.C. United, and New York/New Jersey MetroStars at various points in time. He has stock in Dignity Health Sports Park, home of LA Galaxy of Major League Soccer and previous MLS team Chivas USA.

Anschutz had six MLS clubs under his control at the same time for a moment, during which time he suffered huge financial losses. Anschutz has earned the moniker “the guy who saved MLS” as a result of this. According to MLS Commissioner Don Garber, “without Phil Anschutz, there would be no MLS today.”

Anschutz had a key role in a number of MLS initiatives that increased the league’s income and profitability. For instance, he advocated for the construction of stadiums designed specifically for soccer, enabling MLS teams to generate income and better manage expenditures.

Soccer United Marketing, the league’s sales and marketing division was also supported by Anschutz. He no longer owns anything other than the Galaxy after selling his shares in the Chicago, Denver, Houston, New York, San Jose, and D.C. MLS teams.

Various Sports

Anschutz is a minority shareholder in the Los Angeles Lakers and the Los Angeles Kings. He has ownership interests in stadiums including Crypto.com Arena and O2 Arena through ASM Global (previously AEG).

Various Business Endeavours

Anschutz has also been involved with a number of other businesses, such as Forest Oil, Pacific Energy Group, Union Pacific Railroad, in which he holds the largest interest (6%) and the Regal Entertainment Group, the second-largest chain of movie theatres in the world with almost 7,000 screens.

Anschutz controls more than half of the business as well as other publications and media conglomerates. Anschutz has invested in companies like the Denver-based Clarity Media Group, which publishes The Oklahoman, the largest newspaper in Oklahoma; The San Francisco Examiner (bought in 2004, sold in November 2011); The Washington Examiner, a right-wing weekly tabloid that was consolidated from a group of D.C.-area suburban dailies; The Baltimore Examiner, which debuted in April 2006 and was shut down in early 2009; and the now-defunct Examiner (purchased on November 30, 2012) (In more than 60 places, Anschutz has registered the name “Examiner” as a trademark.)

Anschultz closed down The Weekly Standard on December 14 and terminated every employee. After a venture capital firm committed to facilitating any future purchase, Editor in Chief Stephen Hayes had been given the go-ahead to locate a buyer, but Anschutz withdrew his approval and chose to essentially put an end to the company in order to harvest its subscribers.

Anschutz made investments in NRC Broadcasting, a firm that operates a number of radio stations in Colorado, as well as the Oil & Gas Asset Clearinghouse, an auction house created specifically for the oil and gas industry. In February 2008, LightEdge Solutions was also bought by the Anschutz Investment Company.

With an emphasis on Wide-Area Networking, Voice-over-IP, Hosted Microsoft programmes (Exchange, OCS, SharePoint), Hosted Servers/Storage Collocation Cages and Rackspace, and Business Continuity Services, LightEdge is a business-to-business supplier of hosted services. Anschutz would buy all of the Oklahoma Publishing Company’s (OPUBCO) assets from the Gaylord and Dickinson families, it was announced on September 15, 2011.

Upon closure, Anschutz would run OPUBCO as a distinct business from his other publishing and media holdings. It was planned to close in October 2011.

Anschutz was reportedly interested in purchasing the Rangers in March 2012. Additionally, he contributed to the formation of the Power Company of Wyoming LLC, which was re-incorporated in 2010 with the goal of constructing the Chokecherry and Sierra Madre wind power complex in Carbon County, Wyoming, which will have up to 1,000 wind turbines with a combined capacity of 3,000 megawatts It will be situated on 229,077 acres, roughly half of which will be federal, half of which will be privately held by an affiliate, and a small portion by state holdings.

Chokecherry and the Sierra Madre are two separate sites that are both being examined concurrently, according to the Bureau of Land Management, which on July 2, 2012, announced the completion of the project’s final Environmental Impact Statement. These sites are both around five miles apart.

They make up the largest commercial wind power plant proposed in the United States and are among the largest in the world when combined. Construction is anticipated to begin in 2013 and be between $4 billion and $6 billion in cost.

Philanthropic Work

Anschutz is a well-known philanthropist and one of the wealthiest persons in the world. With a net worth of $11.5 billion, he is the president of the Anschutz Foundation and was ranked number 41 on the Forbes 400 list in October 2019.

Anschutz and his wife made over $100 million in donations to the University of Colorado School of Medicine’s new medical, dental, nursing, and pharmacy campus in Aurora, Colorado, which is now known as the Anschutz Medical Campus in their honour The site was taken from the recently shut down Fitzsimons Army Medical Center, but it required millions to create a new University Hospital and new medical laboratory facilities on it.

They also gave to their alma mater, the University of Kansas. Both the Anschutz Sports Pavilion and the Anschutz Library are present. The Anschutzes were awarded the 2009 William E. Simon Prize for Philanthropic Leadership in appreciation of their charitable work.

Political Work

Anschutz backed the Parents Television Council, a nonprofit that opposes pornographic television programming. Through his two film production companies and ownership of a significant portion of the Regal, Edwards, and United Artists theatre chains, he also supported and distributed films with Christian themes for broad audiences, including Amazing Grace and The Chronicles of Narnia: The Lion, the Witch, and the Wardrobe.

The Foundation for a Better Life was funded by him. Anschutz acquired The Weekly Standard from News Corporation, a division of Rupert Murdoch’s News Corporation, in 2009. He provided funding for the pro-charter school movie Waiting for Superman in 2010. He provided funding for the pro-parent trigger movie Won’t Back Down in 2012.

Anschutz has contributed to conservative causes and organisations that oppose abortion and the LGBT community. Additionally, he generously supports conservative think tanks including the American Enterprise Institute, Federalist Society, and Heritage Foundation. In the 2016 American elections, Anschutz gave conservatives $1 million, and in the 2017 elections, he gave Republican candidates and political action organisations $200,000 each.

After the Denver Post reported that Neil Gorsuch was not actively being considered for the opening on the U.S. Court of Appeals for the Tenth Circuit, an attorney for Anschutz wrote a letter to Harriet Miers, the White House Counsel under President George W. Bush, recommending Gorsuch for the position.

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Philip Anschutz Net Worth

His current net worth as of 2023 is $13.3 Billion. Through the privately owned Anschutz Corp., Anschutz is in control of much of his wealth. The Anschutz Entertainment Group is the most valued of the several companies owned by the Denver-based company.

According to its website, AEG and its subsidiary ASM Global host more professional sports franchises in facilities they own than any other corporation in the world. Data gathered by Bloomberg from the cruise industry’s hotel occupancy and passenger yield data are used to appraise his premium cruise line Windstar Cruises.

Its enterprise value-to-sales ratio is compared to that of four publicly traded rivals and then modified to account for the decline in those peers’ values since the start of the Covid-19 epidemic. Anschutz has built up a portfolio of cash and tightly held assets over many years by selling off various assets.

Since 1995, these sales have included the acquisition of a majority stake in the Regal Entertainment Group, the sale of more than $4 billion worth of Qwest Communications stock, the sale of about $3 billion worth of energy assets, and the sale of real estate and sports franchises worth hundreds of millions of dollars.

He acquired and invested at least $4 billion worth of assets during that time, including the Los Angeles Kings, the real estate and media firm Opubco, and theatre properties. Anschutz Entertainment Group media spokespeople did not reply to calls for comment on Bloomberg’s valuation.

Estimated Net Worth in 2023 (Approx)	$13.3 Billion
Estimated Net Worth in 2022 (Approx)	$13.3 Billion
Estimated Net Worth in 2021 (Approx)	$10.1 Billion
Estimated Net Worth in 2020 (Approx)	$11 Billion
Annual Salary	$3 Billion
Assets
Houses
Yacht
Jets

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Sheldon Adelson was an American businessman, investor, political donor, and philanthropist who lived from August 4, 1933, until January 11, 2021. He was the founder, chairman, and CEO of Las Vegas Sands Corporation, the parent company of Venetian Macao Limited, which manages The Venetian Las Vegas and the Sands Expo and Convention Center, and the owner of the Marina Bay Sands in Singapore.

He was the owner of the American daily newspaper the Las Vegas Review-Journal, the Israeli weekly newspaper Makor Rishon, and the Israeli daily newspaper Israel Hayom. In 2007, Sheldon Adelson established the Adelson Foundation, a for-profit organisation that supports Israel and the Jewish people while focusing on healthcare.

Due to the quantity and regularity of his contributions, he was a significant financial supporter of Republican Party candidates and was sometimes referred to as a “kingmaker.” The biggest contributions to Donald Trump’s 2016 campaign, inauguration, defence fund against the Mueller probe into Russian meddling, and 2020 campaign came from him and his wife Miriam Adelson.

Additionally, he was a big supporter of Benjamin Netanyahu, the prime leader of Israel. According to Forbes, Sheldon Adelson had a wealth of $26.8 billion in September 2020, ranking him as the 28th richest person in the world and 19th among the Forbes 400.

Sheldon Adelson Bio/Wiki

Birth Name	Sheldon Gary Adelson
Nick Name	Kingmaker
Age	87 (died in 2021)
Religion	Judaism
Sun Sign/Zodiac Sign	Leo
Birth Place	Dorchester, Boston, Massachusetts, United States
Date of Birth	4th August 1933
Nationality	American
Hobbies	Poker
Family
Mother's Name
Father's Name
Brother	Leonard Adelson
Sister	Gloria Rita Adelson Field
Girlfriends/Affairs
Affairs/Girlfriends	NA
Marital Status, Wife and Children
Wife/Spouse
Children	Mitchell Adelson
Education
School	Not known
College/University	City college of New York (Graduation not completed)
Profession	Philanthropist, entrepreneur, financier, investor
Height, Weight, and Figure Measurements
Height (Approx.)	5 feet 8 inches
Weight (Approx.)	85 kgs
Extra Ordinary Features
Race / Ethnicity	White
Hair Color	Brown
Eye Color	Black
S*xual Orientation	Straight
Favourite Things
Favourite Food	Keto Diet
Favourite Book	NA
Favourite Colors	Blue
Favourite Sport	Golf
Controversies	Richard Suen, a businessman from Hong Kong who had assisted Adelson in developing relationships with important Chinese authorities in order to get the Macau licence, sued Adelson in court in Las Vegas in 2008, claiming that Adelson had broken his promise to let Suen profit from the enterprise.

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Early Life

Adelson, the son of Sarah (née Tonkin) and Arthur Adelson, was born on August 4, 1933, and grew up in Boston’s Dorchester district. He was a Jew. His father came from a Lithuanian and Ukrainian Jewish household. Sheldon Adelson claimed that his grandpa was a Welsh coal miner and that his mother was an immigrant from England.

His mother had a knitting store, while his father drove a cab. At the age of 12, he borrowed $200 from his uncle (the equivalent of $3,010 in 2021), which he used to buy a licence to sell newspapers in Boston. This was the start of his entrepreneurial career. When he was 15 years old in 1948, he borrowed $10,000 from his uncle, which would be worth $112,784 in 2021, to start a candy vending machine company.

He enrolled in the City College of New York, but he never completed it. He attempted to become a court reporter while attending trade school; after failing, he enlisted in the army. After being released from the service, he opened a company that sold toiletry packages before launching De-Ice-It, which sold a chemical spray for de-icing windshields.

He launched a charter trip company in the 1960s. Even though he had created and lost his wealth twice by the time he was in his 30s, he quickly became a billionaire. Over the course of his business career, Sheldon Adelson created almost 50 businesses, making him a serial entrepreneur.

Personal Life

Marriages

Sheldon Adelson, his wife Sandra, and their three adopted children Sheldon, Mitchell, Gary, and Shelley resided in Massachusetts in the 1970s. In 1988, the couple got a divorce. The next year, Adelson went on a blind date and later married doctor Miriam Farbstein Ochshorn.

She had two daughters with Dr Ariel Ochshorn, a Tel Aviv doctor, with whom she had previously been married. Miriam “Miri” Farbstein was born in Mandatory Palestine in 1945 to parents who had emigrated to Haifa from Poland prior to the Holocaust.

She went on to become the head internist at an emergency department at Tel Aviv’s Rokach (Hadassah) Hospital after obtaining a Bachelor of Science in Microbiology and Genetics from the Hebrew University of Jerusalem and a medical degree from the Sackler Medical School at Tel Aviv University. She established a research clinic and drug misuse facility there in 1993, and the pair created Dr Miriam and Sheldon G. Adelson Research Clinic in Las Vegas in 2000.

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Controversies

Litigations

The New Yorker’s article on Adelson from June 2008 included a number of controversy-related topics. Richard Suen, a businessman from Hong Kong who had assisted Adelson in developing relationships with important Chinese authorities in order to get the Macau licence, sued Adelson in court in Las Vegas in 2008, claiming that Adelson had broken his promise to let Suen profit from the enterprise. Suen obtained a $43.8 million judgement, which the Nevada Supreme Court later reversed and sent back to the lower court for additional review in November 2010.

Suen received a $70 million judgement in the 2013 retrial. The judge increased the interest by an additional $31.6 million, bringing the total award against Sheldon Adelson to $101.6 million. Adelson was now resubmitting his appeal. Three accused “middlemen” in the transaction who are suing for at least $450 million put Adelson in front of another trial. 

The Las Vegas Sands recognised that it had probably broken a federal statute that forbids bribing foreign officials in a regulatory filing in February 2013. According to rumours, Adelson was paid off by Chinese authorities to get his Macau casino built. 2008 saw Adelson win a libel lawsuit against the London Daily Mail.

According to the newspaper, he engaged in “despicable commercial activities” and routinely and dishonestly purchased political favours. Adelson prevailed in the libel lawsuit, which was labelled “a significant attack on Mr Adelson’s personal integrity and corporate image,” and he received a verdict of almost £4 million, which he promised to contribute to London’s Royal Marsden Hospital.

After being threatened with a libel lawsuit in August 2012, the Democratic Congressional Campaign Committee (DCCC) apologised and deleted two blog posts that alleged Adelson had given Republicans “Chinese prostitute money.” The National Jewish Democratic Council, another group, claimed on its website that Adelson “personally approved” prostitutes at his casinos in Macau.

Adelson filed a libel lawsuit, but a federal court rejected it in September 2013 and ordered Adelson to cover the legal costs incurred by the NJDC.

His Illness 

Peripheral neuropathy, which limited Adelson’s ability to stand and walk, was identified in 2001. Las Vegas Sands said on February 28, 2019, that Adelson was undergoing non-Hodgkin lymphoma therapy. The information was made public following a Sands lawyer’s assertion that Adelson was too unwell to take a deposition in a court action involving Richard Suen.

While Adelson’s medical treatment’s adverse effects “limited his capability to travel or keep regular office hours,” they did not “prevent him from executing his obligations as chairman and CEO” of Las Vegas Sands, according to Sands spokesperson Ron Reese. Adelson passed away in his Malibu, California, home on January 11, 2021, at the age of 87, following a number of years of sickness.

Israel received Adelson’s body on January 14, 2021. Prime Minister Benjamin Netanyahu visited the casket, which was on display at Ben Gurion Airport and covered in the American and Israeli flags. The next day, Adelson was buried in a tiny, private ceremony on Jerusalem’s Mount of Olives.

Major donations

Adelson declared a $25 million contribution to Trump’s presidential campaign on September 23, 2016, as part of a $65 million gift to the Republican Party’s 2016 election campaign. Adelson was thus by far the largest donor to either the Republican or Democratic parties during the 2016 election season. He is now by far the biggest fundraiser for Donald Trump’s campaign for president.

Adelson gave $5 million to the inauguration celebrations, making him the event’s greatest donor. Federal records show that Adelson and his wife gave more than $500 million to Republican party elections and super PACs between 2010 and 2020. Birthright Israel, which supports Jewish youth travels to Israel, has received grants totalling $140 million from the Adelson Family Foundation since 2007.

In 2014, he further gave $5 million to the Friends of the Israel Defense Forces. Adelson gave The Adelson Educational Campus in Las Vegas more than $25 million to build a high school. Adelson gave the Yad Vashem Holocaust Martyrs’ and Heroes’ Remembrance Authority $25 million in 2006. In addition, Adelson contributed money to the privately run Miriam and Sheldon G. Adelson Medical Research Foundation in Boston.

The Adelson Program in Neural Repair and Rehabilitation (APNRR) was started by this organisation with the donation of $7.5 million to participating researchers at 10 universities.

Life in politics

The New Yorker claims that Adelson started giving significantly more money to the Republican National Committee after disputes with unions at his Las Vegas casinos. Shelley Berkley, a congressman from the Nevada Democratic Party with whom Adelson had a protracted dispute, was also mentioned in the New Yorker report.

She said Adelson informed her that “old Democrats were with the union and he wanted to break the back of the union, therefore he had to break the back of the Democrats” while she worked for him as vice president of legal and governmental affairs in the 1990s. Adelson “waged some heated anti-union battles in Las Vegas,” according to The Boston Globe.

According to other quotes from Berkley in The New Yorker story, Adelson “seeks to influence politics and public policy via the brute force of money.” Adelson stated in an interview with Forbes magazine in February 2012 that he was “against very rich individuals trying to influence influencing elections. But I’ll do it as long as it’s possible.

Because I am aware that individuals like Soros have been engaged in this activity for years, if not decades. They also conceal themselves by constructing a network of businesses through which to transfer their funds. I am not ashamed of having my own philosophy. Because there isn’t a legitimate alternative, I gave the money. To disguise my identity, I don’t want to use 10 separate businesses. I’m pleased with what I do and I don’t want to go unnoticed. Adelson and his wife both gave $250,000 to George W. Bush’s second inauguration in 2005.

The Adelsons were chosen by President George W. Bush to serve on the Honorary Delegation that would go with him to Jerusalem in May 2008 to commemorate the 60th anniversary of the State of Israel. The primary financial supporter of Freedom’s Watch, a now-defunct political advocacy organisation created to compete with George Soros and Democratic-leaning lobby organisations like MoveOn.org, was Adelson.

Adelson provided “almost all” of the $30 million Freedom’s Watch spent on the 2008 elections. Adelson gave $1 million in 2010 to American Solutions for Winning the Future, a PAC that supported Republican former House Speaker Newt Gingrich. “Read the history of those who call themselves Palestinians, and you will hear why Gingrich declared lately that the Palestinians are an invented people,” Adelson remarked in December 2011, during Gingrich’s campaign for the presidency of the United States.

Adelson made contributions to candidates for the US Senate and House of Representatives. Adelson endorsed Mitt Romney as the ultimate nominee after initially backing Newt Gingrich during the 2012 Republican Party presidential primaries. He spent $92 million in total supporting unsuccessful candidates during the 2012 US presidential election.

Adelson contributed $5 million to the pro-Gingrich super PAC Winning Our Future on January 7, 2012, bolstering Gingrich’s sputtering campaign at the time. The next day, the super PAC had secured more than $3.4 million in ad time for the South Carolina primary, which included funding the creation and release of a 30-minute film that painted Gingrich’s political challenger Mitt Romney as a “predatory corporate raider.”

The same group received a $5 million donation from Miriam Adelson on January 23, with instructions to use it to spread a “pro-Newt message.” Adelson stated to Forbes that he was ready to give Gingrich up to $100 million. He also contributed more than $60,000 to the Republican National Committee and $5 million to the right-leaning super PAC Congressional Leadership Fund. Adelson gave $10 million to the pro-Romney PAC Restore Our Future in June 2012.

Adelson went to a Romney fundraiser that was hosted in Jerusalem in July. Paul Singer, John Rakolta, Woody Johnson, and a number of other contributors went on the trip with Adelson. Bloomberg Businessweek reports that as of July, Adelson had donated more than $30 million to Republicans for the 2012 election season.

According to Bloomberg, Adelson would have benefited financially in U.S. dollar terms through his interest in Chinese casinos if the Chinese yuan had appreciated. Romney thought that the People’s Republic of China should have been under pressure to abandon its presumptively low fixed exchange rate policy. Adelson gave $2.5 million to the Drug-Free Florida Committee at the beginning of 2014 in an effort to stop the Right to Medical Marijuana Initiative, which would have legalised medical marijuana in Florida. Adelson gave the No On 2 campaign an extra $1.5 million later in 2014.

He thought marijuana was a gateway drug. Adelson supported a mainstream candidate who had a chance of winning the presidency in the 2016 US presidential election, according to a 2014 Washington Post article. During the spring conference of the Republican Jewish Coalition, which was hosted at Adelson’s hotel and casino The Venetian Las Vegas, in March 2014, Sheldon Adelson was scheduled to have one-on-one conversations with potential candidates Jeb Bush, Chris Christie, Scott Walker, and John Kasich.

Adelson met one-on-one with a number of the contenders, including front-runner Donald Trump, before the commencement of the Republican debate in December 2015, which was hosted at the same location. The competition to win Adelson’s support and subsequently collect tens of millions of dollars was colloquially known as “The Adelson Primary.”

He backed Trump for president on May 13, 2016, and he made a campaign contribution of up to $100 million. Adelson was thereafter characterised as a supporter of Trump. The Massachusetts Legalization, Regulation and Taxation of Marijuana Initiative, which legalised marijuana for personal use, was the subject of Massachusetts ballot question 4 at the time. In October 2016, Adelson gave $1 million to the opposition to the initiative.

Adelson further contributed $1,500,000 to the futile campaign to block the 2016 Florida medical marijuana legalisation initiative. Adelson chose to abstain from the Republican primary in 2016, despite certain early signs that were perceived to indicate Adelson supported Trump at the time. In May 2016, Adelson acknowledged the value of CEO experience in a presidential candidacy when he explained his motivations for formally backing Donald Trump’s presidential campaign. 

Adelson contributed over $113 million to the Republican Party via numerous conservative political action organisations for the 2018 US elections. According to an ABC News report from January 31, 2019, Adelson and his wife Miriam gave $500,000 to the Patriot Legal Expense Fund Trust, which was established in 2018 to support Trump administration officials under investigation as part of special counsel Robert Mueller’s investigation into Russian meddling in the 2016 presidential election.

The Trust has never received donations of this size before. According to estimates, Adelson would give Trump and the GOP $200 million for the 2020 election cycle. There was talk that Adelson’s donation amount could have been impacted when Trump called Adelson in early August and complained that Adelson had not done enough for him.

In a last-ditch effort to win reelection, Adelson donated $75 million to a Trump PAC on October 15, 2020. Adelson and his wife donated an additional $35 million to three super-PACs supporting the Republican Party and Trump’s reelection in the second part of October 2020. Preserve America and the Senate Leadership Fund were two PACs to which the Adelsons sent money in the 2020 election season.

Education

He attended the new york city college but did not graduate. He also attended trade school in an attempt to become a court reporter, but in vain. He, in the end, joined the army.

Professional Career

COMDEX

According to other quotes from Berkley in The New Yorker story, Adelson “seeks to influence politics and public policy via the brute force of money.” Adelson stated in an interview with Forbes magazine in February 2012 that he was “against very rich individuals trying to influence influencing elections. But I’ll do it as long as it’s possible.

Because I am aware that individuals like Soros have been engaged in this activity for years, if not decades.  They also conceal themselves by constructing a network of businesses through which to transfer their funds. I am not ashamed of having my own philosophy. Because there isn’t a legitimate alternative, I gave the money.

Las Vegas

Adelson paid $110 million (about $252,030,000 in 2021) for the Sands Hotel and Casino in Las Vegas in 1988. The Sands Expo and Conference Center, which was at the time the only privately run convention centre in the country, was completed by him and his partners the following year.

Adelson had the concept for a mega-resort hotel while on his second wife Miriam and his honeymoon in Venice in 1991. The Venetian, a resort hotel and casino with a theme of Venice, demolished the Sands and cost $1.5 billion to build. It debuted on May 3, 1999.

Pennsylvania’s Bethlehem

Adelson and the organisation constructed a casino complex in Bethlehem, Pennsylvania, in the late 2000s. The Pennsylvania Gaming Control Board granted a slots licence to it in 2006, along with the other four standalone casinos.

On May 22, 2009, the casino opened. Adelson stated to The Wall Street Journal in 2010 amid the Great Recession, “If it were now, we definitely wouldn’t have begun it.”

Macau

The effort to bring Las Vegas Sands casinos to Macau was spearheaded by Macau Adelson. When the 1,000,000 square foot (93,000 m2) Sands Macao opened in May 2004, it became China’s first casino in the Las Vegas tradition. He made back his initial $265 million investment in a year, and when he decided to go public with the stock in December 2004, he gained more money since he controlled 69 per cent of it. Adelson’s personal fortune increased by almost fourteen times after the Sands Macao opened.

Adelson revealed his plans to build the Cotai Strip, a large, condensed resort area, in August 2007 when he unveiled the $2.4 billion Venetian Macao Resort Hotel on Cotai. The Cotai Strip is named after its Las Vegas equivalent. Adelson declared his intention to add new hotels under the Four Seasons, Sheraton, and St. Regis names.

By 2010, his Las Vegas Sands organisation intended to invest $12 billion and construct 20,000 hotel rooms along the Cotai Strip. According to reports, federal authorities were looking into Adelson’s business for allegedly breaking the Foreign Corrupt Practices Act by paying a Macau lawyer. No wrongdoing was admitted as part of Sands’ 2015 $9 million settlement with the Securities and Exchange Commission.

Marina Bay

Las Vegas Sands, owned by Adelson, won the heavily disputed right to develop a casino resort in Marina Bay, Singapore, in May 2006. The brand-new casino, Marina Bay Sands, debuted in 2010 at an estimated $5.5 billion price tag. The Marina Bay Sands (MBS) Complex in Singapore was the most expensive building in the world when it opened in 2010, surpassing both the Burj Khalifa in Dubai and the newly constructed World Trade Towers in Manhattan in New York, with a total cost of S$8 billion including land costs.

With tenants like Ferrari, Chanel, the Theatre of Marina Bay, and the Convention Center for Sands Live concert series, MBS Singapore features shops at “The Shoppes,” an opulent indoor Venetian canal-lined exclusive shopping belt. It also has multiple swimming pools, a rooftop infinity pool, nightclubs in Maison pavilions on recently built mini islands, and 2,500 luxurious hotel rooms.

Other Activities And Involvements

Israeli Media

Adelson tried unsuccessfully to buy the Israeli daily Maariv in 2007. Following the failure of this initiative, he moved through with parallel plans to launch a free daily newspaper to rival Israeli, a publication he had co-founded in 2006 but had since quit. Israel Hayom, a brand-new newspaper, released its debut issue on July 30, 2007. A Jerusalem court approved Adelson’s purchase of Maariv and the right-leaning publication Makor Rishon on March 31, 2014.

Israel Hayom is owned by a relative of Adelson, according to a 2016 statement made by Adelson’s attorney. Israel Hayom, which unlike all other Israeli newspapers is distributed for free, surpassed all other daily newspapers (on weekdays) four years after its launch, according to a Target Group Index (TGI) study released in July 2011.

According to the report, Yedioth Ahronoth had a reading exposure of 37% on weekdays, Maariv 12.1 per cent, and Haaretz 5.8 per cent. Israel Hayom had a readership exposure of 39.3 per cent. With a readership exposure of 44.3 per cent, the Yedioth Ahronoth weekend edition maintained its lead over the Israel Hayom weekend edition (31%), Maariv (14.9%), and Haaretz (6.8%). By the end of July 2010, a TGI poll had already picked up on this tendency.

According to reports in the Israeli press from 2011, Adelson was not pleased with the way Israeli Channel 10 had covered the allegations that he had improperly used political ties to get a casino licence in Las Vegas. Following a litigation threat from Adelson, the station issued an apology. Reudor Benziman, the news head, Ruti Yuval, the news editor, and Guy Zohar, the news anchor, all resigned as a result of their disagreement with the apology.

Despite several issues with the way the apology was handled, the Israeli Second Authority for Television and Radio concluded after two months of consideration that the choice to apologise had been reasonable and correct.

Las Vegas Review-Journal

Adelson bought the Las Vegas Review-Journal newspaper in December 2015. His role in the transaction was first kept a secret, and the purchase was done through a limited liability company called News + Media Capital Group LLC. Three Review-Journal writers discovered a week after the acquisition was disclosed that Adelson’s son-in-law Patrick Dumont had arranged the transaction on Adelson’s behalf.

The $140 million spent for the publication was referred to as “lavish” and a huge overpayment by commentators, who also theorised that the action was a power move to further Adelson’s personal or professional ambitions. The editor of the newspaper abruptly retired after a “voluntary buyout” a few weeks later.

To guarantee the newspaper’s independence and address any conflicts of interest surrounding Adelson’s ownership, a set of editorial guidelines were created in January 2016 and made public. When Craig Moon, a longtime employee of the Gannett company, was named the new publisher in February, he immediately deleted those principles from publication.

Additionally, he started to personally evaluate, alter, and occasionally destroy articles concerning a proposed Las Vegas football stadium project supported by Adelson. Reporters claim that upper management aggressively censored reports concerning Adelson in the following months, notably those that discussed a case regarding his business transactions in Macau.

The journal lost a lot of reporters and editors because of “constrained editorial freedom, shady economic practices, and unscrupulous bosses.” The three journalists who first exposed the news of Adelson’s ownership have all quit their jobs. John L. Smith, a longtime writer who frequently wrote about Adelson and who Adelson unsuccessfully sued for libel against, left after being informed that he could no longer write about Adelson. In 2016, The Las Vegas Review-Journal was the first national newspaper to openly support Trump.

American stance toward Iran

On October 22, 2013, Adelson stated that the United States needed to be harsher on the subject of Iran’s alleged nuclear weapons development at a panel discussion at Yeshiva University. “You pick up your mobile phone, call someone in Nebraska, and then say, ‘OK, let it go,’ and then there’s an atomic weapon that goes over, ballistic missiles in the middle of the desert that don’t harm a soul, maybe a few rattlesnakes and scorpions, or whatever,” he added.

He said that the U.S. should say: “If You [Iran] Want to Be Peaceful, Just Reverse It All and We Will Guarantee That You Can Have A Nuclear Power Plant For Electricity Purposes, Energy Purposes” after making a show of force and threatening to even drop a nuclear weapon on Tehran. Using an atomic explosion in the desert, Adelson’s spokesperson told reporters that Adelson “was obviously not speaking literally” and that he was “using exaggeration to make a point that… deeds speak louder than words.

Debate over DeLay

A phone conversation between Adelson and his friend, the then-House Majority Leader Tom DeLay (R-TX), regarding a bill introduced by Representative Tom Lantos (D) that would have prevented the U.S. Olympic Committee from voting in favour of China’s bid to host the 2008 Summer Olympics, was related to the Suen trial, according to Bill Weidner, the president of Adelson’s Las Vegas Sands company.

A few hours later, DeLay contacted Adelson again and informed him that the Beijing mayor may be informed that “this law would never see the light of day.” The motion did not succeed. The resolution’s demise “resulted from the press of other legislation, [not] from a planned manoeuvre by DeLay to benefit his donor,” Adelson stated in court.

Cannabis

Adelson, whose son Mitchell died from an overdose of heroin and cocaine, had a personal reason for wanting to prevent the legalisation of cannabis. Mitchell started using cocaine and heroin at a young age. Adelson thought marijuana was a gateway drug. Sheldon and Miriam Adelson are “a sleeping giant in the eyes of pro-marijuana advocates,” according to Andy Abboud, vice president of Las Vegas Sands. 

Adelson stated that the Israeli-American Council (IAC) should transform into primarily a political lobbying organisation on Israel-related matters during the IAC’s convention in November 2017.

Adelson outlined a plan for IAC to oppose both the two-state solution and continuing aid to the Palestinians, in contrast to the American Israel Public Affairs Committee (AIPAC), which favours these views. Adelson was against the idea of two states. According to Israeli writer Chemi Shalev, Adelson “hijacked” IAC for his “hard-right agenda” even though it was never intended to become a political pressure group.

Gambling on the internet

In his later years, Adelson campaigned against online gaming. Adelson funded politicians who sought to repeal state laws that permit internet gambling despite the fact that it was already legal and widely accepted by Las Vegas casino CEOs. Adelson made his public support for a proposal for legislation known at the beginning of 2015.

The Restore America’s Wire Act is a piece of legislation that has received mixed reactions from the Republican Party. The Woodrow Wilson Award for Corporate Citizenship was given to Honors Adelson and his wife, Miriam Adelson, on March 25, 2008, by the Woodrow Wilson International Center for Scholars of the Smithsonian Institution.

For his work promoting free-market ideals in Nevada, Adelson was given the Chairman’s Award by the Nevada Policy Research Institute, a think tank in Las Vegas. Adelson was included on CNBC’s list of 200 figures who have changed business during the previous 25 years in 2014.

Donations made

Adelson declared a $25 million contribution to Trump’s presidential campaign on September 23, 2016, as part of a $65 million gift to the Republican Party’s 2016 election campaign. Adelson was thus by far the largest donor to either the Republican or Democratic parties during the 2016 election season.

He is now by far the biggest fundraiser for Donald Trump’s campaign for president. Adelson gave $5 million to the inauguration celebrations, making him the event’s greatest donor. Federal records show that Adelson and his wife gave more than $500 million to Republican party elections and super PACs between 2010 and 2020.

Birthright Israel, which supports Jewish youth travels to Israel, has received grants totalling $140 million from the Adelson Family Foundation since 2007. In 2014, he further gave $5 million to the Friends of the Israel Defense Forces.  Adelson gave The Adelson Educational Campus in Las Vegas more than $25 million to build a high school. Adelson gave the Yad Vashem Holocaust Martyrs’ and Heroes’ Remembrance Authority $25 million in 2006.

In addition, Adelson contributed money to the privately run Miriam and Sheldon G. Adelson Medical Research Foundation in Boston. The Adelson Program in Neural Repair and Rehabilitation (APNRR) was started by this organisation with the donation of $7.5 million to participating researchers at 10 universities.

Sheldon Adelson Net Worth

His net worth at the time of his death was $29.8 Billion as calculated in 2021 (as he is dead now). This included all his assets owned in his lifetime.

Estimated Net Worth in 2021 (Approx)	$29.8 Billion (at the time of death)
Estimated Net Worth in 2020 (Approx)	$26.8 Billion
Annual Salary	No annual salary as deceased
Assets
Houses
Yachts
Jets

Sheldon Adelson Wife

In the 1970s, Sheldon Adelson lived in Massachusetts with his wife Sandra, and his three adopted children Sheldon, Mitchell, Gary, and Shelley whom Sandra had from the previous marriage. The couple divorced in 1988. Adelson went on a blind date the next year and ultimately wed Dr Miriam Farbstein Ochshorn.

She was formerly married to Tel Aviv physician Dr Ariel Ochshorn, with whom she had two kids. Miriam “Miri” Farbstein was born in Mandatory Palestine in 1945 to Polish immigrants who had fled their homeland before the Holocaust and moved to Haifa.

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FAQs

How much is the net worth of Sheldon Adelson?

$29.8 Billion

Who is Sheldon Adelson’s wife?

Miriam Adelson

What is Sheldon Adelson’s age?

He was 87 years old at the time of death.

What is the name of Sheldon Adelson firm?

Las Vegas Sands