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Miriam Adelson is trending in the news today following Trump announcement, among 7 to receive Presidential Medal of Freedom.
The business world knows quite well who Sheldon Adelson is — the eighth richest American who has alternately lost and recouped tens of billions of dollars in the casino business over the last few years.
Miriam Adelson is much less well-known than her husband.
she is an accomplished medical doctor, as well as her husband’s partner in a range of business and philanthropic activities.
As the dynamics of the race shift, what has become clear is that this driven and passionate pair is bound to have an influence on the 2012 campaign.
Miriam Adelson Biography
She is an Israeli-born, in 1946 (age 72 years) and has been married to 78-year old Adelson since 1991, and the couple has four children together.
Her parents, Menucha and Simha Farbstein, fled Poland in the run-up to the Holocaust, settling in Haifa. There her father ended up owning a handful of movie theaters, though the family didn’t have a television until Miriam was 16.
Her husband comes from equally modest beginnings — the son of a Boston taxi driver, Sheldon Adelson grew up in a one-room tenement in Boston’s Dorchester section.
Miriam Adelson Career
Dr. Miriam Adelson — known as Miri to her friends — earned a Bachelor of Science in Microbiology and Genetics from the Hebrew University of Jerusalem. During her two years of military service in Israel, she worked in the biological research department, and followed that by earning a medical degree from Tel Aviv University’s Sackler Medical School.
She went on to become the chief internist in an emergency room at the Rokach Hospital in Tel Aviv. In 1986, she served as an associate physician at Rockefeller University in New York, where she studied chemical dependency and drug addiction, with a specific focus on the spread of HIV among drug addicts. Her mentor was Mary-Jeanne Kreek, the researcher credited with discovering that methadone was a safe treatment for addicts.
The two women have since collaborated on studies of methadone and addiction for the last 25 years.
How Much is Miriam Adelson Net Worth?
Just how equal her partnership with her husband truly is, it can be understood when one looks at the couple’s ownership of stock in Las Vegas Sands, their publicly traded holding company.
Miri Adelson owns 26.9% of LVS while Sheldon — the front man for the operation — owns just 26.3%.
Their combined ownership is down from earlier this decade, in part because the Adelsons were forced to sell shares in 2008 in order to raise $1 billion to pump back into the company in order to forestall a looming debt default.
At the height of the financial crisis, the couple’s fortunes had dwindled to a mere $400 million, declining some $24 billion in the span of a single year. A rebounding stock market — and stunning success for LVC in Macau and Singapore — have seen their fortune rebound nearly all the way back to pre-crisis levels. (Dr. Adelson also worked with the Macau government to help them develop their own addiction clinic in recent years.)
The Marina Bay Sands in Singapore is almost unbelievable in its sheer scale. Costing $5.6 billion, much of it spent during the financial crisis, the complex includes three 55-story hotels, 40,000 square feet of “sky park”, two theaters, 50 restaurants, and 800,000 square feet of retail. And the Venetian and Palazzo in Vegas is the largest hotel in the world at 18.5 million square feet. The Adelsons do not do anything on a small scale.
Her Net worth can not be estimated but both calculated with here Husband as $43.4 billion (June 2018)