There’s change at the top of Forbes Billionaires List this year, with Amazon’s Jeff Bezos for the first time supplanting Microsoft founder Bill Gates as the richest man in the world.
Sheldon Adelson’s estimated fortune has risen to $38.5 billion in the last 12 months, an increase of almost $3 billion, according to Forbes’ Billionaires List, thanks largely to a resurgent Macau. (Image: John Locher/AP)
But when it comes to gaming, Las Vegas Sand chairman and CEO Sheldon Adelson remains an apparently permanent fixture in the number one spot.
Adelson appears in 21st place on Forbes’ snapshot list of the world’s super-wealthy, with an estimated fortune of $38.5 billion. That’s a net-worth increase of almost $3 billion in 12 months. But while a resurgent Macau has improved Adelson’s stock, his ranking on the overall list has actually slipped, from 14th last year.
Three Comma Club
That’s because a bunch of other billionaires made even more money than Adelson this year, or, as Forbes puts it, “the super-rich continue to get richer, widening the gap between them and everyone else.”
The magazine found there were more billionaires than ever before this year – a record 2,208 are now members of “The Three Comma Club.” There were 259 newcomers to the list, many of them Chinese entrepreneurs.
Galaxy Entertainment founder Lui Che Woo was up 59 places to 50th on the list, as the second wealthiest gaming billionaire in the world. Both LVS and Galaxy are the dominant players in Macau, the world’s richest gambling hub.
Icahn Number Three
While Carl Icahn is primarily an investor, he deserves an honorable third spot as owner of the Tropicana in New Jersey and former owner of the Trump Taj Mahal, The Fontainebleau, the Stratosphere and several other Nevada casinos.
Icahn, who recently made the news for selling his interests in steel-price sensitive stock just days before President Trump announced a 25 percent tariff on steel imports, was in 73rd place with a fortune of $17.5 billion.
Next up is Johann Graf, founder and CEO of Austrian gaming equipment maker Novomatic AG. With an estimated net worth of $8.1 billion, he is the 186th richest man in the world, according to Forbes.
Wynn Still In
Much further down the list, we find another man who’s made the news for all the wrong reasons recently. Stock in Steve Wynn’s Wynn Resorts has taken a battering in recent weeks due to a string of sexual assault allegations against the casino mogul. But surprisingly, he’s actually a wealthier man than he was at last year’s snapshot, with a $3.4 billion estimated fortune that takes him to 679th place in the list.
Despite the turmoil within the company, Wynn Resorts stock is relatively healthy, thanks, again, to a rebounding gaming market in Macau, where it is one of only six companies to hold lucrative gambling concessions.
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