Super Donor Sheldon Adelson Made $2.1 Billion In 2 Days Since 'Adelson Primary'

[hue]

http://www.forbes.com/sites/danalexander/2014/04/02/super-donor-sheldon-adelson-made-2-1-billion-in-2-days-since-adelson-primary/

Republican presidential hopefuls may be worried about how many millions casino billionaire Sheldon Adelson will give to their 2016 campaigns, but the money means little to the GOP super donor.

In the two days since he hosted the Republican Jewish Coalition’s meeting with several possible 2016 Republican candidates at his Venetian Resort and Hotel, Adelson personally made $2.1 billion — 21 times the $100 million he reported giving away during the 2012 presidential election.

Shares of his casino company Las Vegas Sands LVS -1.68% climbed Monday and then spiked Tuesday after an overnight report showed strong first quarter gambling revenues in Macau, where Adelson has extensive operations. The 6% stock jump over two days, coupled with a dividend payout on Monday, pushed Adelson’s net worth up $2.1 billion to $40 billion, cementing his position as eighth-richest in the world by Wednesday morning.

Adelson’s fortune has jumped $36.6 billion since Forbes published its billionaires list in 2009. The explosion in wealth has allowed the gaming mogul to become a major player in American politics. His recent $2.1 billion gain demonstrates just how large his fortune is — and how little his political donations affect it.

Adelson’s shares in Las Vegas Sands are worth $36 billion on their own. But they also kick off massive cash payments. On Monday, the company doled out a quarterly dividend that put an estimated $164 million in cash into Adelson’s pocket after taxes. His total cash pile is now an estimated $4.3 billion.

[Overseas]

1. Sad K&R.

[Sunlei]

2. wonder if his family will stand around and let the old man give away several billion to the Rs

republicans are experts at cash grabs & thanks to SC, they can take as much$$$$$ as they can grab.

[hue]

6. His family has plenty of their own $$ & is prob quite pleased with how Sheldon manages/controls it.

[blkmusclmachine]

3. ,

,

[SunSeeker]

4. Why isn't this guy in jail? Wasn't he being investigated? nt

[AlinPA]

5. If he gives a few billion to the GOP, they can fund a hell of lot of campaigns, dog catcher through

President.