Sheldon Adelson is a self-made billionaire who became wealthy via the establishment of a number of casinos that have seen tremendous levels of success in the locations of Las Vegas, Macau, and Singapore. He has established a very high standard for those individuals who would want to follow in his footsteps. Please continue reading this in-depth biography to get more insight into the accomplishments that prompted this casino entrepreneur to attain the title of billionaire.
In the Beginning
Sheldon Adelson’s birth took place in the midst of the Great Depression in the Dorchester area of Boston, Massachusetts, in the United States of America. His father was a cab driver who also sold ads on the side. His father was born in Lithuania and immigrated to the United States. His mother was an entrepreneur and owned a small knitting store. She was born in Wales and immigrated to the United States. The value of putting in long hours of labor was something that was ingrained in him at a young age by his parents, and they pushed him to acquire a job on the day that he became 12 years old.
Selling newspapers on street corners was his very first job, and while it didn’t pay very well, it did provide him the opportunity to put some money down for school. He eventually went on to become a journalist.
In 1951, he decided to seek a degree in finance and enrolled at the City College of New York to do so. Even though he performed well in school, he decided to leave after his sophomore year in order to enlist in the United States Army.
After completing his time in the service, he began his career on Wall Street working as a court stenographer. While he was working as a court reporter on a variety of cases and hearings, he had the opportunity to interact with new people and establish professional relationships. Because of one of those relationships, he was able to get a position as a mortgage broker and financial adviser, and it was via this employment that he was able to make his first million dollars.
Now that he had some working cash to deal with, he began investing in real estate as well as a variety of small companies that he felt had the potential to generate him a fortune. He believed that he could make a fortune if he invested in these enterprises. One of these companies was American International Travel Service, which, in a very short amount of time, went from being a fledgling enterprise to one that was worth many millions of dollars.
Adelson made the decision to put money into himself in 1978. He was the founder of the COMDEX computer conference, which was a meeting place for influential people in the computer business who would show their wares to prospective customers. Getting into the computer sector was fraught with peril at the time because of the industry’s relative infancy. However, Alderson was never one to back down from a test of his mettle.
He toiled away at this business for a number of years, and by the time he decided to sell it, it was worth more than half a billion dollars.
It was via his job on COMDEX that he was introduced to the lady he would later marry, Sandra.
They spent a lot of time together in the beginning of their relationship traveling to various tourist destinations around Europe and South America, which contributed to their high level of happiness.
They began experiencing problems when the doctor informed them that they would never be able to have children; this placed a significant pressure on their relationship.
They made the decision to become adoptive parents given that they were unable to have any biological children of their own. They brought into their family one daughter, Shelley, and two boys, Mitchell and Gary. The inability of the couple to connect persisted despite the arrival of multiple more children for them to care for. In 1988, after they had been living apart for a period of time totaling many months, they divorced formally.