Las Vegas has helped make many dreams come true, but the biggest winners are the billionaires who prove the old saying, "The house always wins." The Las Vegas visionaries who helped turn a patch of dusty desert into one of the world's most luxurious tourist destinations are still the richest people in town.
We've wrote about Sheldon Adelson before in our Tribute to the Visionaries That Helped Build Las Vegas. Sheldon Adelson is an American businessman, investor, and philanthropist. He is the founder, chairman and chief executive officer of Las Vegas Sands Corporation. In 1988, Adelson and his partners purchased the Sands Hotel and Casino in Las Vegas, the former hangout of Frank Sinatra and the Rat Pack. The following year, Adelson and his partners constructed the Sands Expo and Convention Center, then the only privately owned and operated convention center in the U.S.
Although Lorenzo and Frank Fertitta do owe much of their success to the gambling industry, bringing the Ultimate Fighting Championship into the mainstream has turned them both into billionaires with a combined net worth of $3.1 billion. The pair inherited their father’s relatively small casino company; since its emergence from bankruptcy in 2009, Station Casinos (now Red Rock Resorts, Inc.) has been a profit machine.
Similar to Sheldon Adelson, we also wrote about Steve Wynn in our Tribute to the Visionaries That Helped Build Las Vegas. Steve Wynn is an American real estate businessman. Early in his career he oversaw the construction and operation of several notable Las Vegas and Atlantic City hotels, including:
After selling Mirage Resorts to MGM Grand Inc. in 2000, Wynn opened his two most expensive resorts yet: Wynn Las Vegas and Wynn Macau.
There you have it. These are the billionaires that currently call Las Vegas home. As we discover more billionaires living in the beautiful Las Vegas valley, we will update our list. Interested in more content like this? Let us know. I like writing content like this.