Alpha Ideas

In 2007, Adelson’s estimated wealth was $26.5 billion, making him the third-richest person in the United States according to Forbes  and $26 billion for 2008.In 2008, the share prices of the Las Vegas Sands Corp. plunged. And in November 2008, Las Vegas Sands Corp. announced that it might default on bonds that it had outstanding, signaling the potential bankruptcy of the concern. Adelson lost $4 billion in 2008, more than any other American billionaire. In 2009, his net worth had declined from approximately $30 billion to $2 billion, or 93%. He told ABC News “So I lost $25 billion. I started out with zero…(there is) no such thing as fear, not to an entrepreneur. Concern, yes. Fear, no.” In the Forbes 2009 world billionaires list, Adelson’s ranking dropped to #178 with a net worth of $3.4 billion, but by 2011, after his business had recovered, he was ranked as the world’s 16th-richest man with a net worth of $23.3 billion. In 2013, Adelson earned a top ranking on Forbes’ Annual ‘Biggest Winner’ List, his dramatic growth a result of the success of his casinos in Macau and Singapore, adding an estimated $15 billion to his net worth during the year. In late 2013, Adelson was worth $37.2 billion according to Forbes.-from Wikipedia