Sheldon Adelson - King of American Roulette

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Anyone who strives for success in business and wants to achieve financial independence simply must read this man's success story. He earns one million dollars every hour. Naturally, there is much to learn from such an entrepreneur. Who is he? American Sheldon Adelson. He is the owner of one of the most profitable companies, located in Las Vegas, where thousands of people lower their fortunes into casinos. But how did Sheldon Adelson become a multimillionaire? This rich man's success story is unique.

Years of childhood and youth

He was born in August 1933 in the small provincial town of Dorchester. His father was a simple taxi driver, so the family was sorely lacking money. In the house where the Adelson family lived, there was only one bed, which was occupied by the parents. Children slept on the floor.

In order to somehow improve the financial situation, already in his youth, Sheldon Adelson was forced to earn extra money. Moreover, the boy took on any business, if it could bring some income. For some time he delivered newspapers, but, becoming a little older, he suddenly realized that without a special education he could achieve success in any field of activity.almost impossible. The teenager has already come to terms with the fact that he will never have a diploma, because he needs a lot of money to study at the university.

Eureka

But along with the realization that getting a higher education, most likely, will not work, Sheldon Adelson unexpectedly suggested that in order to make money, you need a certain algorithm of actions, a systematic approach. He also thought that success in work comes faster if you work not alone, but with a team. And then Sheldon proposed a partnership to his friends.

He gave all his friends a stack of newspapers, assigned a specific area to each of them, and after a while received his first commission.

Business is gaining momentum

Having received his Abitur, Sheldon Adelson decided to expand his business horizons. He invited his companions to trade in a more profitable commodity, namely toiletries. As clients, he chose hotels and hotels, since they were in dire need of shampoo and toilet paper. Soon the plan worked, and the business began to bring good dividends. They were even helped by concierges and porters to sell goods for a certain percentage.

Getting older, Sheldon Adelson (his height is 175 cm) began to earn even more and soon turned into an experienced entrepreneur. He could immediately determine the prospects of this or that business.

Casino prototype

After some time, the young man began to help his uncle, who owned a fair booth, in his work.

Suddenly, he came up with a fantastic idea - to put a spinning wooden wheel with an arrow and numbers in the tent. It remains to place bets and spin the roulette wheel. So he planned to make money on guessing numbers. Sheldon immediately drew up a business plan for his new venture and calculated that the business would bring enormous profits. And so it happened.

Other projects

In the 60s, Sheldon Adelson, whose biography will be of interest to novice businessmen, launches other entrepreneurial projects. In particular, he invests in the stock market, organizes a business of charter flights and sells real estate.

CDT

In the late 1970s, Sheldon Adelson, whose photo is familiar to almost every American, is actively involved in the computer business.

He creates a profile commercial structure Computer Dealers Exhibition, which holds large-scale exhibitions, where a wide range of PC equipment is presented. The entrepreneur has no doubt that computer technology has a great future, which means that it is possible to build a profitable business on it. And he was right in his calculations…

After some time, he managed to sell the Computer Dealers Exhibition Corporation for huge money.

Casino

In return, Adelson invested in a large gambling club called The Sands Hotel & Casino. Soon he added an exhibition center to the casino building, which later enriched the businessman even more. But after some time, Sheldon intends to turn The Sands Hotel & Casino into a large-scale project that would be equipped with everything necessary for gambling people. But in the original version, the casino did not match his plans, so he dismantled the building, and in its place a giant gaming complex was erected, called the Venetian. The mere fact that instead of pavilions in the new casino there was a real canal with gondolas that transported visitors from one gaming area to another, testified to the pomposity and uniqueness of the project.

Analysts of the well-known Forbes edition calculated that in 2007 the profit of entrepreneur Adelson amounted to $ 26 billion, which gave him the right to occupy the sixth position in the ranking of the richest people in the world and the third line in the list of the we althiest Americans. However, 2010 proved to be a poor financial year for Sheldon. Then he lost almost 50% of his fortune, but already in 2011 he managed to rehabilitate himself, and his income level amounted to $ 23 billion. Despite the fact that the businessman is over eighty, he can give odds to any presumptuous rich man.

The businessman has been married to Miriam Oxhorne for 25 years. Their first meeting took place within the walls of a clinic for drug addicts. It was there that the king of American roulette came to visit his son from his first marriage, who was in trouble. Miriam worked as a doctor in a clinic. Today, the Adelsons are dealing with the problem of drug addiction. So Sheldon isn't about to take a well-deserved rest,continuing to live an active life.