LAS VEGAS (KTNV) — Sheldon Adelson was born in Aug. 4, 1933, and grew up in Boston. His father’s family was of Ukrainian Jewish and Lithuanian Jewish ancestry and his mother immigrated from England.
He started his business career at the age of 12 when he began selling newspapers in Boston. At the time of his death, he was the owner of the largest newspaper in Nevada, Las Vegas Review-Journal.
During his younger years, he tried his hand at many businesses and was a millionaire at a young age.
In the 1970s, he and his partners developed the COMDEX trade show, which became the premier trade show for the computer industry in the ‘80s and ‘90s. At its peak, more than 200,000 people would attend the trade show in Las Vegas every year and it established Las Vegas as the city for conventions. It also paved the way for the Consumer Electronics Show, which later became known as CES.
At the age of 55, Sheldon purchased the legendary Sands Hotel and Casino in Las Vegas in 1988. He and his partners immediately built the Sands Expo and Convention Center. Next, he imploded the hotel in November 1996 and spent $1.5 billion to build The Venetian in its place. The new hotel-casino opened in 1999.
He next set his sights on China. The Sands Macao opened in May 2004. And the Venetian Macao opened in August 2007. It is said that his wealth multiplied more than 14 times because of his investment in the China properties
The Palazzo opened next door to The Venetian on the Las Vegas Strip in 2007. The property was integrated into The