Thursday, March 06, 2008

Sheldon Adelson US US$26B


Cabdriver's son borrowed $200 from uncle to sell newspapers at age 12.


Studied voice in teens, later dropped out of City College in New York City to become court reporter.


Made first fortune in trade shows.


Created computer industry's marquee event, Comdex, in mid-1980s; sold show to Japan's Softbank for $862 million in 1995.


Then Vegas: bought Sands Hotel & Casino for $128 million, demolished it to build the $1.5 billion all-suites Venetian Resort Hotel Casino and the 1.2-million-square-foot Sands Convention Center.


Changed the way casinos do business by enticing conventioneers to Sin City midweek, taking emphasis off gambling. Sold suites for $250 a night, added high-end retailers, celebrity-chef restaurants.


Took Las Vegas Sands public in December 2004.

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