Billionaire Miriam Adelson and her family have amassed a fortune through their involvement in the Las Vegas casino sector. Miriam has been at the vanguard of helping others suffering from opiate addiction, in addition to her family’s money.
Miriam’s fortune is closely intertwined with casinos, charities, and a wonderful life experience. stay with us as we peel back the layers of Miriam Adelson’s net worth, a tale of fortune, love, and power.
Miriam Adelson’s Net Worth
Miriam Adelson is an Israeli-American physician, political fundraiser, and casino heiress with a net worth of $34 billion. Miriam made her fortune through her long marriage to late casino billionaire Sheldon Adelson. Sheldon passed away on January 11, 2021. Sheldon was valued at $40 billion at the time of his death.
Miriam gained primary ownership of Las Vegas Sands, the casino business that generates more than $4 billion in revenue each year, upon his death. She controls 56.7% of the publicly listed Las Vegas Sands company’s outstanding stock, and the Adelsons have received $10 billion in dividends over the last three decades.
Miriam, a medical doctor who served in the Israeli army, is the creator of two substance dependency clinics, one in the United States and one in Israel. She and Sheldon met on a blind date in 1991 after both of them had divorced prior boyfriends. They were married till his death in 2021. She is now one of the world’s wealthiest women. Miriam and Sheldon were also among the most substantial contributors to Republican candidates and conservative groups.
Miriam Adelson’s Early Life
Miriam Farbstein was born in Tel Aviv, Mandatory Palestine, on October 10, 1945. Her parents emigrated from Poland before the Holocaust and settled in the Middle East. Her family settled in Haifa, Israel, when she was a toddler, and her father opened a chain of movie theaters.
Miriam graduated from the Hebrew University of Jerusalem with a Bachelor of Science in Microbiology and Genetics. She then received her medical degree from Tel Aviv University’s Sackler Medical School.
Miriam worked as an emergency department doctor at Rokach Hospital in Tel Aviv after receiving her medical degree. She married another doctor around this period. They divorced in 1980 after having two children. She subsequently became the chief internist in the hospital’s emergency room.
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Miriam Adelson and Sheldon Adelson’s Marriage
Miriam relocated to New York City in 1986 after accepting a position at Rockefeller University, where she specialized in drug addiction. She met Sheldon Adelson in 1989. They were put together on a blind date.
Miriam and Sheldon married in 1991. Sheldon, who was now a wealthy trade show magnate with a thriving casino business, had an idea for a giant hotel/resort fashioned after an Italian city while on their honeymoon in Venice, Italy.
Sheldon’s Casino Fortune
Sheldon’s initial fortune was made possible by the Las Vegas COMDEX computer industry trade fair, which debuted in 1979. Sheldon paid $110 million for the Sands Casino in 1988. Sheldon demolished the Sands and spent $1.5 billion building his fantasy mega-resort. His new casino was named The Venetian.
Sheldon and his colleagues sold their trade show company to SoftBank for $862 million in 1995. Sheldon’s earnings from the transaction exceeded $500 million. Sheldon’s business grew over time to include a number of locations, most notably Macau and Singapore.
Donations From Republicans and Conservatives
Sheldon and Miriam were well-known Trump supporters both before and after his presidency. The Adelsons were expected to donate $200 million to Trump and the Republican Party during the 2020 election cycle.
The Adelsons gave Republicans $93 million in 2012. Sheldon and Miriam contributed Republicans $82.58 million in 2016 and $123.25 million in the 2018 midterm elections.
Miriam Adelson’s Personal Life
Miriam was married to Arial Ochshorn for several years until divorcing him in 1980. They shared two daughters. She married Sheldon in 1991, and the couple was married until his death in 2021. Sheldon’s previous marriage resulted in three adopted children.
Yasmin Lukatz, one of Miriam’s first marriage’s daughters, paid $35 million for a mansion in Atherton, California in 2015. She sold it for $45 million in May 2022.
President Donald Trump gave Miriam Adelson with the Presidential Medal of Freedom for donating millions to Trump and other Republicans. Is this a great country or what? pic.twitter.com/2a1W9y0RJU
— lt's aIways something. (@kstinmb) February 2, 2019
Miriam Adelson’s Mansion in Las Vegas
Sheldon and Miriam spent $4.1 million for a 2-acre lot in Las Vegas in 2005. Over the next eight years, they built a 43,500-square-foot magnificent estate with eight bedrooms and twenty baths. The spacious home is divided into three lots and has a private water park in the backyard. It is Clark County, Nevada’s largest private mansion.
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Malibu Colony
Sheldon and Miriam amassed an astounding NINE oceanfront house in the ultra-exclusive gated Malibu Colony community over the course of several decades. That equates to almost 10% of all residences in Malibu Colony.
In conclusion, Miriam Adelson inherited her $34 billion fortune from her late father, casino magnate Sheldon Adelson. With a majority stake in Las Vegas Sands, she continues the company’s philanthropy and conservative political contributions. Miriam Adelson is one of the world’s wealthiest women, thanks to her medical career and their influential marriage.
