Thursday, January 17, 2008

Sheldon Adelson - The Billionaire Most Have Never Heard Of

Few Americans have made as much money in China as Sheldon Adelson, one of the richest men in the world. Yet he may well be the richest American that most people have never heard of. One explanation for his relative anonymity is that he is a newcomer to the highest altitudes of the fabulously wealthy.

Las Vegas Sands went public in December 2004, and over the next two years his net worth soared by $US17.5 billion. That works out at almost $US1 million an hour, weekends, holidays and nights included.

"He got richer faster than anyone else in history," said Peter Bernstein, a co-author of All The Money In The World, a book about the people on the Forbes 400 list.

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