Las Vegas Sands Billionaire Sheldon Adelson's Family Ties Take Center Stage as He Relinquishes Majority Stake In a significant shift in the gaming and hospitality industry, Sheldon Adelson, the billionaire businessman and former CEO of Las Vegas Sands, has sold his majority stake in the company to the families of Miriam Adelson and Patrick Dumont. The move marks a major change in leadership for the global gaming giant, which operates iconic properties such as the Venetian and Marina Bay Sands in Singapore. As Adelson's health has been in decline in recent years, speculation has surrounded the future of the company, and this sale may signal a new era of influence for the Adelson family, with Miriam Adelson, Sheldon's wife, and Patrick Dumont, her son-in-law, set to play key roles in shaping the company's direction.
The billionaire businessman sold his majority stake in 2023 to the families of Miriam Adelson and Dumont, who is Adelson’s son-in-law.
