Sheldon Adelson, a man who would be king

“Sheldon Gary Adelson (born August 6, 1933) is an American casino and hotelmagnate. Adelson is Chairman and Chief Executive Officer of the Las Vegas SandsCorp., the parent company of Venetian Macao Limited which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. Adelson vastly increased his net worth upon the initial public offering of Las Vegas Sands in December 2004. He is listed in the Forbes 400 as the 8th wealthiest American,[1]and in the Forbes list of billionaires (2011) as 16th wealthiest person in the world.[2]His net worth is $21.5 billion.[1]”

“The Man Behind Gingrich’s Money

By MIKE McINTIRE and MICHAEL LUO

Published: January 28, 2012

The trip to Jordan by a group of United States congressmen was supposed to be a chance for them to meet the newly crowned King Abdullah II. But their tour guide had a more complicated agenda.

Sheldon Adelson and his wife, Miriam, who is from Israel, have given $17 million in support of Newt Gingrich in recent years.

A one-stop destination for the latest political news — from The Times and other top sources. Plus opinion, polls, campaign data and video.

Sheldon Adelson, right, showed a model of the Venetian, his Las Vegas hotel, to a visiting Russian official, Mikhail Shvydkoi, in 2000.

The guide was Sheldon Adelson, a Las Vegas casino magnate who helped underwrite trips to the Middle East to win support for Israel in Congress. On this occasion in 1999, as the lawmakers enjoyed a reception at the Royal Palace in Amman, Mr. Adelson and an aide retreated to a private room with the king.

There, the king listened politely as Mr. Adelson sat on a sofa and paged through his proposal for a gambling resort on the Jordan-Israel border to be called the Red Sea Kingdom.

“This was shortly after his father, King Hussein, died, and he was grateful to me,” Mr. Adelson explained later in court testimony, recalling that he had lent his plane when the ailing monarch sought treatment in the United States. “So they remembered.”

The proposal never went anywhere — Mr. Adelson later said he had feared that a Jewish-owned casino on Arab land “would have been blown to smithereens.” But his impromptu pitch to the Jordanian king highlights the boldness, if not audacity, that has propelled Mr. Adelson into the ranks of the world’s richest men and transformed him into a powerful behind-the-scenes player in American and international politics.

Those qualities may also help explain why Mr. Adelson, 78, has decided to throw his wealth behind what had once seemed to be the unlikely presidential aspirations of Newt Gingrich. Now, in no small measure because of Mr. Adelson’s deep pockets, Mr. Gingrich is locked in a struggle with Mitt Romney heading into Florida’s Republican primary on Tuesday.

Mr. Adelson, by some estimates worth as much as $22 billion, presides over a global empire of casinos, hotels and convention centers whose centerpiece is the Venetian in Las Vegas, an exuberant monument to excess with canals, singing gondoliers and acres of slot machines. That fortune is a wellspring of financial support for Mr. Gingrich, who has benefited from $17 million in political contributions from Mr. Adelson and his wife, Miriam, in recent years, including $10 million in the last few weeks that went to a “super PAC” supporting him.

The question of what motivates Mr. Adelson’s singular generosity toward the former House speaker has emerged front and center in the campaign. People who know him say his affinity for Mr. Gingrich stems from a devotion to Israel as well as loyalty to a friend. A fervent Zionist who opposes any territorial compromise to make way for a Palestinianstate, Mr. Adelson has long been enamored of Mr. Gingrich’s full-throated defense of Israel.

In December at an event in Israel for a charity he supports, Mr. Adelson made a point of endorsing Mr. Gingrich’s assertion that the Palestinians have no historic claim to a homeland.

“Read the history of those who call themselves Palestinians and you will hear why Gingrich said recently that the Palestinians are an invented people,” Mr. Adelson said at the event for Birthright Israel, which takes young Jews on trips there.

Mr. Adelson is hardly a household name. He avoids the limelight and rarely speaks to the press, remaining something of an enigma. He declined to be interviewed for this article, but he and his wife issued a statement saying friendship and loyalty are “our motivation for helping Newt.”

Through interviews and a review of Mr. Adelson’s testimony in legal disputes with former associates, a portrait emerges of a formidable and determined striver who lifted himself out of childhood penury in working-class Boston. He has a sentimental streak — on one of his first trips to Israel, he wore the shoes of his late father, a cabdriver from Lithuania who was never able to visit there — and he has given hundreds of millions of dollars to Jewish causes, medical research and injured veterans.

But his rise has not been without controversy. The Justice Department is investigating accusations by a former casino executive that Mr. Adelson’s operations in Macao may have violated federal laws banning corrupt payments to foreign officials. Also, a Chinese businessman accused Mr. Adelson of reneging on an agreement to share profits from the Macao project.

Mr. Adelson also has a reputation for irascibility and has left a trail of angry former business associates. Even his two sons sued him at one point, accusing him of cheating them, though they lost. He filed a libel suit against a Las Vegas newspaper columnist, John L. Smith, who eventually had to declare bankruptcy, and he waged a bitter court battle with a former employee whom he accused of spreading lies about him.”