The editors at Forbes magazine like to list things — the richest people in the world, the highest paid athletes, the highest paid celebrities, the best colleges, the most valuable sports teams.
This year there is a new entry onto the Forbes list of the world’s most powerful people — you might have met him, you might’ve seen him in public, you might know someone who works for him.
For the fourth year Putin is No. 1, but Trump is No. 2, while Obama lagged down at No. 48. Obama did not warrant a mention in the story about the list. That story does mention the 11 new names on the list — including the new prime minister of the UK and the vice-president elect.
Landing on the list at No. 72 out of 74 is Las Vegas’ own Sheldon Adelson, CEO of Las Vegas Sands and owner of the Las Vegas Review-Journal.
The squib on Adelson notes that the 83-year-old Las Vegan is worth $31.3 billion and is on a number of other Forbes lists, including wealthiest.
The piece relates: “Political heavyweight Sheldon Adelson pledged allegiance to Donald Trump in May 2016, but ultimately promised the Republican nominee only $5 million in financial support — peanuts by Adelson’s standards. (He spent more than $100 million trying to elect a Republican during the last election.) This year he focused on congressional candidates instead, doling out $40 million to Republicans across the country. Adelson is making bigger investments in his business, Las Vegas Sands, the largest casino company in America. In September 2016 Sands opened its new Paris-themed Macau resort — a $2.9 billion bet on the world’s largest gambling market, which has suffered in recent years as Chinese officials cracked down on corruption. Las Vegas Sands itself has been under scrutiny for its relationships with government officials in Macau. In April 2016, it agreed to pay a $9 million penalty to the SEC to settle charges that it violated the Foreign Corrupt Practices Act. One month earlier, Adelson named his son-in-law CFO of Las Vegas Sands. The son of immigrants from Lithuania and Wales, Adelson grew up sleeping on the floor of a Boston tenement and bought his first newspaper corner with a $200 loan from his uncle when he was 12.”
It makes no mention of his latest newspaper investment, which was considerably more than $200. That apparently had nothing to do with him qualifying as one of the most powerful people in the world.