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Sheldon Gary Adelson Age: 83 (Net worth: $30.4 billion) is an American business magnate,
investor, and philanthropist. He is the founder, chairman and chief executive officer of Las Vegas
Sands Corporation, which owns the Marina Bay Sands in Singapore, and is the parent company of
Venetian Macao Limited, which operates The Venetian Resort Hotel Casino and the Sands Expo
and Convention Center. He also owns the Israeli daily newspaper Israel Hayom, and the Las Vegas
Review-Journal.[2]
Las Vegas Sands Corporation is an American casino and resort operating company based
in Paradise, Nevada, United States. Its resorts feature accommodations, gaming and entertainment,
convention and exhibition facilities, restaurants and clubs, as well as an art and science museum in
Singapore.
It has several resorts in the United States and Asia. Among its properties in the United States are
two resorts on the Las Vegas Strip: The Venetian and The Palazzo. Also in the United States is
the Sands Casino Resort Bethlehem, located in Bethlehem, Pennsylvania.
In Asia, the Marina Bay Sands located in Singapore is the most recent addition to the company's
portfolio. Through its majority-owned subsidiary Sands China Ltd., the company owns several
properties in Macau, including The Venetian Macao, The Plaza Macao, Four Seasons Hotel Macao
and the Four Seasons-branded apartments at the Sands Cotai Central development, as well as
the Sands Macao on the Macau peninsula. The company has opened a 6,400-room complex at
the Sands Cotai Central in 2012, which featured the Sheraton, St. Regis, Holiday Inn,
and Conrad hotel brands. It is the largest casino company worldwide.[3]
Early life
Sheldon Gary Adelson was born into a low-income family and grew up in
the Dorchester neighborhood of Boston, Massachusetts, the son of Sarah (née Tonkin) and Arthur
Adelson.[7][8] His father's family was of Ukrainian-Jewish and Lithuanian-Jewish ancestry.[9] His mother
immigrated from England, and one of his grandfathers was a Welsh coalminer.[10] His father drove a
taxi, and his mother ran a knitting shop.
"An entrepreneur is born with the mentality to take risks, though there are several important characteristics: courage,
faith in yourself, and above all, even when you fail, to learn from failure and get up and try again."
-Sheldon Adelson, 2013[11]
He started his business career at the age of 12, when he borrowed $200 from his uncle (or $2,640 in
2015 dollars) and purchased a license to sell newspapers in Boston.[12] At age 16 in 1948, he then
borrowed $10,000 (or $98,500 in 2015 dollars) from his uncle to start a candy-vending-machine
business.[13] He attended trade school to become a court reporter and subsequently joined the
army.[14] Adelson attended City College of New York, but decided to drop out, allowing more time for
entrepreneurship.
He established a business selling toiletry kits after being discharged from the army then started
another business named De-Ice-It, which sold a chemical spray to help clear frozen windshields.[15] In
the 1960s, he started a charter tours business.[7] He had soon become a millionaire, although by his
30s he had built and lost a fortune twice. Over the course of his business career, Adelson has
created almost 50 of his own businesses.[16]
Li Ka-shing
Net worth: $31.2 billion; Age: 89
Later Years
After gaining valuable experience working in plastic industries, Li was able to form his own
business, a plastics company named Cheung Kong in 1950. Initially the company
manufactured artificial flowers and exported them to the United States. Throughout the
1950s the company saw steady growth and Li began looking for opportunities to expand
the business.
He purchased his first factory in 1958; this would be the first of his many real estate
investments. Over the ensuing years he changed the focus of his plastics company which
he eventually transformed into a property development and management company.
The business thrived over the following years and the company was renamed Cheung
Kong Holdings in 1971. It was listed on the Hong Kong Stock Exchange in 1972.
He expanded his business by acquiring Hutchison Whampoa from HSBC in 1979. This
added multiple diverse industries to his existing business. He soon transformed
Hutchison into the world’s largest independent operator of ports, with investments in
container port facilities around the world, including in Hong Kong, Canada, China, the
United Kingdom, Rotterdam, Panama, Bahamas and many others.
Li also forayed into the technology business. One of his firms, Horizons Ventures, an
investment and venture capital firm, which specifically backs new internet and
technology startup firms, bought a stake in doubleTwist, a digital . He also has a 0.8%
stake in social networking website Facebook which he acquired through his other firm,
Li Ka Shing Foundation. He also has a stake in Ginger Software Incorporated.
Wang Jianlin
Chairman, Dalian Wanda Group
Age: 62