Comments on: Bad News for Adelson http://www.jewlicious.com/2008/11/bad-news-for-adelson/ It's a Jewish Blog! Thu, 09 Feb 2012 20:17:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: themiddle http://www.jewlicious.com/2008/11/bad-news-for-adelson/#comment-1093594 themiddle Tue, 11 Nov 2008 03:13:39 +0000 http://www.jewlicious.com/?p=6128#comment-1093594 Adelson was pretty wealthy before he bought the Sands and engineered the company into what it became so I would assume that he has quite a bit of money from other sources. However, on paper, this is a stagerring loss. Adelson was pretty wealthy before he bought the Sands and engineered the company into what it became so I would assume that he has quite a bit of money from other sources. However, on paper, this is a stagerring loss.

]]> By: themicah http://www.jewlicious.com/2008/11/bad-news-for-adelson/#comment-1093368 themicah Mon, 10 Nov 2008 22:11:08 +0000 http://www.jewlicious.com/?p=6128#comment-1093368 According to LVS's <a href="http://sec.gov/Archives/edgar/data/1300514/000095013408007666/p75415def14a.htm#111" rel="nofollow">most recent proxy statement</a> (filed in April), Adelson beneficially owns 184,910,027 shares of LVS (only 100 shares are personally held in his name--the rest are through various trusts he controls). It doesn't look as if he's acquired or disposed of any shares for almost two years. LVS peaked at 144.15 on October 29, 2007. Today it closed at 8.00. That would bring the value of his stock down from over $26B to less than $1.5B. If indeed his net worth was still $28B as of a few months ago, he presumably has some assets elsewhere. But I think it's fair to say he's no longer one of the world's richest people (even if he's still in the billionaire club). You win some you lose some, right? According to LVS’s most recent proxy statement (filed in April), Adelson beneficially owns 184,910,027 shares of LVS (only 100 shares are personally held in his name–the rest are through various trusts he controls).

It doesn’t look as if he’s acquired or disposed of any shares for almost two years.

LVS peaked at 144.15 on October 29, 2007. Today it closed at 8.00. That would bring the value of his stock down from over $26B to less than $1.5B. If indeed his net worth was still $28B as of a few months ago, he presumably has some assets elsewhere. But I think it’s fair to say he’s no longer one of the world’s richest people (even if he’s still in the billionaire club). You win some you lose some, right?

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