Lav Vegas, NV – Jewish Billionaire Losses $4 Bil. In Market Slump

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    Lav Vegas, NV – Las Vegas Sands Corp. Chief Executive Sheldon Adelson’s net worth declined $4 billion from Aug. 29 to Oct. 1, the steepest drop among Americans who lost $1 billion or more during the credit crisis, according to Forbes magazine.

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    The magazine, in its Oct. 27 issue, recalculates the effect of September’s financial news on the wealthiest Americans, those who make up its Forbes 400 list. That list was published Sept. 17.


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    20 Comments
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    Anonymous
    Anonymous
    15 years ago

    Maybe we should make a Tea Party for him

    Anonymous
    Anonymous
    15 years ago

    He should put on a yermulke it will give him a shmure

    KOPSHTIK
    KOPSHTIK
    15 years ago

    ALEH YIDDEN GEVINSHEN SUCH NUMBERS

    Anonymous
    Anonymous
    15 years ago

    this story is very painfull, i wish i would be able to help him, atlest i`m wishing him all the best.

    Anonymous
    Anonymous
    15 years ago

    he supports frum commmunity in nevada and day schools — yarmulka or not! after yom kippur, how dare you judge.

    Anonymous
    Anonymous
    15 years ago

    Who to know better than him that it’s a gamble. I wish him and the rest of klal yisroel all the best for the new year

    Anonymous
    Anonymous
    15 years ago

    my heart goes out to him … why cant g-D curse me with that kind of money ??/

    Ari
    Ari
    15 years ago

    A real Baal Chesed, very sad.

    Anonymous
    Anonymous
    15 years ago

    I just think that at lease we can express our feelings for his pain, I believe people dont realize that with a joke on his behalf it just proves such insensitivity & it also causes others shouldnt think the correct way, not to be mishtatef betzar chveiro is quiet cruel & very hurtful!

    Anonymous
    Anonymous
    15 years ago

    G-d should help. Its not just him, but also the charities he gave to ( Chabad included)

    Anonymous
    Anonymous
    15 years ago

    g-d should help him recover all the monies, and give back 2xx as much, for all the help he has done for the frum world out in Las Vages.

    vegas reader
    vegas reader
    15 years ago

    just an example of his tzedeka – 25 million to birthright, 25 million to the MIS hebrew academy. great guy and thats just off the top of my head. real shame

    yehuda kaploun
    yehuda kaploun
    15 years ago

    he is a major supporter of many worthwile causes
    may hashem grant him a year of much mazel

    Anonymous
    Anonymous
    15 years ago

    i heard a good vort this yom kippur the rabbi said why leave youre money in the stock market you will lose it you should just give it to tzedakah, and that is forsure the best stock market because in the end evreything is from hashem and ime sure 4 billion wont hurt a lot of good institutions

    getreal
    getreal
    15 years ago

    My friends he is the 3rd richest person in the US (is a huge baal tzedakah, was born in Europe, is extremely pro israel, is anti a 2 state solution–Great guy all around)
    He is worth in excess of $24 B. With a B. So if you had 25 Dollars and you lost 4 and it only you costs you 1 cent a month to live like a KING… Would you be crying ?

    Anonymous
    Anonymous
    15 years ago

    The National REPUBLICAN Congressional Committee has received $8 MILLION from Wachovia Bank.
    Credit crunch? Unsecured loans impossible to find?
    In the short term, this is effectively an $8 million donation to the NRCC from Wachovia at a time when Wachovia is supposedly in dire straits, about to be bought out by other banks, and will receive money from the government via the bailout.

    Anonymous
    Anonymous
    15 years ago

    what a shame the man is a very big baal tzedakah

    KLOTZ from Monsey
    KLOTZ from Monsey
    15 years ago

    Maybe we can arrange Tomchai Shabbos for him??? can some one help out?

    Anonymous
    Anonymous
    15 years ago

    He also gave $25 million to Yad Vashem, his stock LVS has fallen quite hard, he may have lost quite a bit more than $4 billion and his company is quite leveraged.