According to Forbes.com, the world’s most successful casino billionaire sits atop the list at number three.
The billionaire casino magnate, Sheldon Adelson, is a big name in American politics. A prominent Republican donor and supporter of Donald Trump in the 2016 presidential election campaign, Las Vegas gambling entrepreneur Adelson gave $100,000 to the pro-Trump Make America Number 1 political action committee during the 2016 campaign.
Adelson’s fortune is estimated to be worth around $90 billion. It was first estimated as low as $72 billion in 2015, and now that Adelson’s fortune has risen, he’s placed at number three on Forbes’ list of the world’s richest people. The publication published its list of the world’s richest individuals, ranking the world’s highest-paid executives in order of salary.
According to the data, former ExxonMobil CEO Rex Tillerson has a net worth of $40 billion, while Microsoft co-founder Bill Gates’ net worth is $70 billion.
The number one highest-paid CEO? The man who created our modern economy, the man who is undoubtedly the biggest winner.
The richest casino mogul of 2017 is a man you’ve probably never heard of: Sheldon Adelson.
The billionaire casino magnate, Sheldon Adelson, is a big name in American politics.
In 2014, Forbes magazine estimated his wealth at $90 billion. After a recent dip, the casino mogul’s wealth is now on the rise, and he’s positioned himself at number three on the list of the world’s richest. Here’s how the list was created and by whom.
The Forbes list:
The Forbes list was founded by Jim Collins, a sports writer from the Charlotte Observer.
The ranking is calculated in eight categories:
• Net worth
• Profits
• Investments
• Reserves
• Debt
• Interest income
• Real estate
• Employees
In the 1980s and 1990s, Forbes estimated the worth of all the casino tycoons, but at the time, the industry was considered too nascent to be on any Forbes list. Now that casinos have become so successful and well entrenched in American culture, the casino billionaire’s wealth has risen steadily over the past ten years.
As Forbes notes, Adelson’s wealth rose from $90 billion in 2010 to a projected $100 billion by 2017.
The casinos Adelson owns:
• Caes
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