Billionaire Club

[manny78]

where's is MTS ?

 

[bran987]

what's the deal with all the gay porn in here? big bucks in that?

 

[gotmilk]

3 Sheldon Adelson 20.5 73 Las Vegas, NV casinos, hotels

Sheldon most definitely does NOT have $20B. He has around $3 B and his stock in Las Vegas Sands...which he could never sell all his shares unless it was a tender offer.

He can't even raise the $3.5 he needs for Singapore without going to an investment bank

 

[bran987]

Sheldon most definitely does NOT have $20B. He has around $3 B and his stock in Las Vegas Sands...which he could never sell all his shares unless it was a tender offer.

He can't even raise the $3.5 he needs for Singapore without going to an investment bank

just because it isn't in cash doesn't mean he doesn't own the stock though bro does it? it's still his asset. I mean... from that perspective Warren Buffet is only worth about $1 billion.

------------------------------------

In the billionaire-athon, casino magnate Sheldon Adelson pole-vaulted to No. 3 from 15 in last year's ranking, finishing behind the mainstays at Nos. 1 and 2: Microsoft Corp. founder Bill Gates and Warren Buffett of Berkshire Hathaway Inc.

Adelson is now estimated to have $20.5 billion, Buffett $46 billion and Gates $53 billion. Gates has held the No. 1 spot for the last 13 years while Buffett has been No. 2 every year since 1994 except 2000, when Larry Ellison of Oracle Corp. held that spot.

Adelson's expanding net worth is related in no small part to his decision to open a casino two years ago on the island of Macau, an emerging gambling haven off the southeastern coast of China. Profits are growing rapidly thanks to the Las Vegas Sands Corp.'s Macau casino. Adelson personally and through family trusts controls 70 percent of the company, Las Vegas Sands spokesman Ron Reese said.

Forbes estimates Adelson earned about $1 million an hour over the past two years. In the second quarter alone, the Sands Macau property saw net revenue jump to $310.4 million, up from $205.1 million a year ago.

-------------------------------

Checked the market cap it's $23 billion. 70% is ~$17 billion. then add the cash you said he has himself and you get to the $20B number.

And just for personal info. doesn't it make sense he'd go to an investment bank to raise $3 billion for a new casino? I mean... wouldn't make sense to use his own money right? What did you mean by that?

 

[Wulfgar]

LMAO.. Schtooping his goats..

dont make me sick my goats on your ass.

 

[gotmilk]

Doesn't it make sense he'd go to an investment bank to raise $3 billion for a new casino? I mean... wouldn't make sense to use his own money right? What did you mean by that?

No, it would be much easier and more lucrative for him to do a secondary offering from LVS or to simply sell some more stock to raise the cash.

24 month construction project with no income coming in. Why pay interest or give away a percentage of gross revenue (what most investment banks ask for) when he is supposedly sitting on $20B in assets?