Gambling tycoon and Republican Party sponsor Sheldon Adelson passes away

Gambling tycoon and Republican Party sponsor Sheldon Adelson passes away

The founder of the world’s largest casino chain Las Vegas Sands has passed away at the age of 87 years.

In the U.S., died at age 87 gambling tycoon Sheldon Adelson, one of the richest men in the world and an active supporter of President Donald Trump, as well as Israeli Prime Minister Benjamin Netanyahu.

Adelson, who headed the Las Vegas Sands casino chain, the world’s largest, died Monday night of complications related to treatment for non-Hodgkin’s lymphoma, the company said Tuesday.

Adelson built hotels and casinos in Las Vegas, Macau, and Singapore. He was a prominent figure in American politics as he financed Republicans, including Trump. During the 2020 campaign, he reportedly donated more than $218 million to support Republicans. In 2016, he spent $20 million on Trump’s campaign and then another $5 million on his inauguration.

The tycoon has been in regular contact with Trump, who has realized many of his cherished goals regarding Israel, including moving the embassy to Jerusalem. Adelson attended the embassy opening ceremony in May 2018.

Adelson’s fortune is currently estimated at $33.4 billion. He ranked 38th on Bloomberg’s list of the richest people in the world.

President Donald Trump sent condolences to Adelson’s wife, children, and grandchildren on the magnate’s passing. The president’s statement noted Adelson’s creative nature as well as his generosity in his philanthropic work.

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