Casino Titan Sheldon Adelson, one of the most prolific donors we all know in conservative politics, died Monday night at the age of 87 due to complications from treatment for non-Hodgkin’s lymphoma, according to a statement from Las Vegas Sands, the company he founded.
Adelson made his Destiny — a net worth of around $35 billion according to an estimate by Forbes website — in the casino hotel industry.
Only Few people might know that he spent much of it backing conservative politicians in the U.S. and Israel, shaping the political debate of both countries.
Sheldon Adelson was in the first wave of superwealthy Americans to take advantage of the Supreme Court’s controversial Citizens United ruling, which opened the doors to eight- and nine-figure political donations so long as the money goes to independent superPACs and not candidates or party committees.
Sheldon Adelson Biography, Business & Personal Life
He got his start in the casino business at age 55, when he and his partners bought the Sands Hotel & Casino in Las Vegas for $128 million.
Sheldon Adelson owned more than half of the multi-billion dollar gambling empire, which spanned Las Vegas, Singapore and Macao, China.
With the wealth from his company, Adelson was a prolific donor to right-wing causes in both the U.S. and Israel.
A big supporter of President Trump, Adelson was a crucial backer of the president: contributing to his initial campaign in 2016, and then generously backing his re-election bid.
Forbes calculated that Adelson and his wife Miriam poured over $215 million into causes supporting Trump and the GOP in the 2020 election cycle.