Anyone who seeks success in business and wants to gain financial independence is simply obliged to read the success story of this person. Hourly he earns one million dollars. Naturally, there is something to learn from such an entrepreneur. Who is he? American Sheldon Adelson. He is the owner of one of the most profitable companies in Las Vegas, where thousands of people make fortunes in casinos. But how was Sheldon Adelson able to become a multimillionaire? The success story of this rich man is unique.
Years of childhood and youth
He was born in August 1933 in the small provincial town of Dorchester. His father was a simple taxi driver, so money in the family was sorely lacking. In the house where the Adelson family lived, there was only one bed, which was occupied by the parents. The children were sleeping on the floor.
In order to somehow improve her financial situation, already in her early years Sheldon Adelson was forced to earn extra money. Moreover, the boy undertook any business, if it could bring any income. For some time he distributed newspapers, but, becoming a little older, he suddenly realized that without special education it is almost impossible to achieve success in any field of activity. The teenager has already come to terms with the fact that he will never have a diploma, since he needs a lot of money to study at the university.
"Eureka!"
But along with the realization that it is most likely that it will not be possible to get a higher education, Sheldon Adelson unexpectedly suggested: in order to earn money, you need a certain algorithm of actions, a systematic approach. And he also thought that success in work comes faster if you work not alone, but with a team. And then Sheldon offered his friends a partnership.
He gave all his friends a stack of newspapers, assigned a specific area to each of them, and after a while received his first commission.
Business is gaining momentum
Having received a certificate of maturity, Sheldon Adelson decided to expand the horizons of the business. He invited his companions to trade more profitable goods, namely toiletries. He chose hotels and hotels as clients, since they were the ones who urgently needed shampoo and toilet paper. Soon, the plan worked, and the business began to bring good dividends. They were even helped by concierges and porters to sell goods for a certain percentage.
Having grown up, Sheldon Adelson (his height is 175 cm) began to earn even more and soon turned into an experienced entrepreneur. He could immediately determine the prospects of a particular business.
The prototype of the casino
After some time, the young man began to help his uncle, who owned a fair booth, in his work.
Suddenly, a fantastic idea occurred to him - to put in a tent a spinning wooden wheel with an arrow and numbers. It remains to bet and spin roulette. So he planned to earn on guessing numbers. Sheldon immediately drew up a business plan for his new venture and calculated that the business would be huge. And so it happened.
Other projects
In the 60s, Sheldon Adelson, whose biography will be interesting for beginning businessmen, gives a start to other entrepreneurial projects. In particular, he invests in the stock market, organizes a charter transportation business and sells real estate.
CDT
In the late 1970s, Sheldon Adelson, whose photo is familiar to almost every American, is actively involved in the field of computer business.
He creates the specialized commercial structure of the Computer Dealers Exhibition, which holds large-scale exhibitions where a wide range of PC equipment is presented. The entrepreneur has no doubt that computer technology has a great future, which means that you can build a profitable business on them. And he was not mistaken in his calculations ...
After some time, he managed to sell Computer Dealers Exhibition Corporation for a lot of money.
Casino
In exchange, Adelson invested in a major gambling club called The Sands Hotel & Casino. Soon, he supplemented the casino building with an exhibition center, which subsequently enriched the businessman even more. But after some time, Sheldon intends to turn The Sands Hotel & Casino into a large-scale project that would be equipped with everything necessary for gambling people. But in the initial version of the casino it did not correspond to its intentions, therefore, it dismantles the building, and a giant gaming complex, called Venetian, is being built in its place. The mere fact that instead of the pavilions in the new casino there was a real channel with gondolas that transported visitors from one gaming zone to another, testified to the pomp and uniqueness of the project.
Analysts of the famous Forbes publication estimated that in 2007, entrepreneur Adelson’s profit was $ 26 billion, which gave him the right to take the sixth position in the ranking of the richest people in the world and the third line in the list of wealthiest Americans. However, 2010 was financially unsuccessful for Sheldon. Then he lost almost 50% of his fortune, but already in 2011 he managed to rehabilitate himself, and his income amounted to $ 23 billion. Despite the fact that the businessman has exceeded eighty, he can give odds to any presumptuous rich man.
The businessman has been married to Miriam Okshorn for 25 years. Their first meeting took place within the walls of the clinic for drug addicts. It was there that the king of American roulette came to visit his son from his first marriage, which was in trouble. Miriam worked as a doctor in a clinic. Today the Adelson couple is dealing with the problem of drug addiction. Thus, Sheldon is not going to go on a well-deserved rest, continuing to live an active life.