Adelson was born and grew up in the Dorchester neighborhood of Boston, Massachusetts, the son of Sarah (née Tonkin) and Arthur Adelson. His family was Ukrainian Jewish. His father drove a taxi, and his mother ran a knitting shop.
"An entrepreneur is born with the mentality to take risks, though there are several important characteristics: courage, faith in yourself, and above all, even when you fail, to learn from failure and get up and try again."
He started his business career at the age of 12, when he borrowed two hundred dollars from his uncle and purchased a license to sell newspapers in Boston. At the age of 16, he had started a candy-vending-machine business. He attended trade school to become a court reporter and subsequently joined the army. Adelson attended City College of New York, but soon decided to drop out.
He established a business selling toiletry kits after being discharged from the army then started another business named De-Ice-It, which sold a chemical spray to help clear frozen windshields. In the 1960s, he started a charter tours business. He had soon become a millionaire, although by his 30s he had built and lost a fortune twice. Over the course of his business career, Adelson has created over 50 of his own businesses.
Adelson is the majority shareholder of Las Vegas Sands, the world's largest casino company. Gambling's richest man parlayed the $862 million sale of his Interface conference company -- which included the Comdex technology gathering -- into the Venetian resort in Las Vegas. Today he operates casinos and convention centers in the U.S., Macau and Singapore.
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