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Sheldon Gary Adelson – The elevator man

Sheldon G AdelsonWC News presents you Sheldon Gary Adelson. According the first analyzes about the world recession he took the first place in the list “Biggest losers hit by recession.”
Sheldon Gary Adelson was born 08. 04. 1933. His father was Jew form Lithuania, mother a Ukraine Jew. They never dreamed about the fortune their son will made. He was on the third place among the American richest people.
He is a property developer and Chairman and CEO of the Las Vegas Sands Corporation which is operating with casino Venetian Resort Hotel and Sands Expo and Convention Center. When he sold just 10% of his shares his journey to the top started.
In 2007 his estimated net worth was 26.5 billion dollars.
At 2009 he lost most of his fortune and dropped on 178 place of the most richest people in United States.
His project from Pennsylvania to Macau starts to fall like card tower and he was forced to invest more than half a billion of his family money to avoid bankruptcy.
Behind his back, his friends call him the fastest elevator in the world of money. Whether he goes up or down he goes fast, ironically is saying one of his closest friends. There was a time when he was loosing 3.5 million dollars in an hour. No matter about the heavy times, nobody is thinking that Sheldon Adelson will sit tight without doing something about that.
There are not person, involved in the stock or money market that is not willing to work with this 75 year old money making machine.

For WC News from New York,
Rachel Dickinson