Sheldon Adelson, casino mogul who made big bets on Trump and Netanyahu, dies at 87
(Reuters) - Combative self-made billionaire Sheldon Adelson, who assembled the world’s largest casino empire and used his fortune to nurture conservative politicians and policies in the United States and Israel, has died at age 87.
The American casino mogul, raised in a poor Jewish immigrant family in Boston as the son of a cab driver, established lavish hotels and casinos in Las Vegas, Macau and Singapore, and headed the world’s largest casino company, Las Vegas Sands Corp.
Adelson’s wealth made him a formidable figure in American and Israel politics and in the news media. He was a vigorous supporter of U.S. President Donald Trump, former U.S. President George W. Bush and Israeli Prime Minister Benjamin Netanyahu as well as a prolific donor to U.S. Republican politicians and foe of Democrats, including former U.S. President Barack Obama.
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Adelson and his Israeli-born physician wife Miriam gave more than $218 million to Republican and conservative causes in the 2020 U.S. election cycle, according to the Center for Responsive Politics, which tracks political spending, more than anyone else.
They were prolific backers of Trump’s 2016 presidential bid and remained supportive throughout his turbulent presidency. The casino magnate was in regular contact with Trump after he took office and saw some of his cherished goals relating to Israel come to fruition including the moving of the U.S. embassy to Jerusalem in a break with decades of American policy. Adelson attended the embassy dedication ceremony in May 2018. ...
NPR Obit: "Sheldon Adelson, Conservative Donor And Casino Titan, Dies At 87"
Adelson made his fortune — a net worth of around $35 billion according to an estimate by Forbes — in the casino hotel industry. He spent much of it backing conservative politicians in the U.S. and Israel, shaping the political debate of both countries.
He was in the first wave of superwealthy Americans to take advantage of the Supreme Court's controversial Citizens United ruling, which opened the doors to eight- and nine-figure political donations so long as the money goes to independent superPACs and not candidates or party committees.
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The fortune Adelson made in the casino business was spent generously on donations to Jewish causes, medical research and the Republican Party. He and his wife, Miriam, gave around $500 million over the past eight years to Republican and conservative campaigns.
The couple's prolific political giving led to what was sometimes called the "Adelson primary," in which GOP presidential hopefuls would flock to Las Vegas to court Adelson and the Republican Jewish Coalition.
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[A]fter early reservations, the Adelsons backed Trump's 2016 election effort; they gave $5 million to his inaugural committee and then donated about $500,000 to the legal defense fund for his White House aides. During the 2018 midterms, the Adelsons donated more than $100 million to Republicans. ...
That's one seditionist puppetmaster off the prosecution list, though the estate should be seized and associates pursed.
Thoughts and prayers. Answered.
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