Adelson adding NBA team to resume of casino mogul, GOP power broker, US and Israel newspaper owner
The prospective new owner of the Dallas Mavericks is one of the richest women in the world, a Las Vegas casino mogul, and a U.S. and Israel power broker and newspaper publisher
LAS VEGAS — Miriam Adelson is one of the richest women in the world, a U.S. and Israel newspaper publisher and political powerbroker who, after selling $2 billion in stock to buy the Dallas Mavericks, will still be the majority shareholder of Las Vegas Sands Corp., the casino company her late husband built.
A company statement on Wednesday confirmed the deal on behalf of the Adelson and the Dumont families — referring to relatives of her son-in-law, Sands company president and board member Patrick Dumont.
The transaction could close in less than five weeks, the statement said, if it gets approval from the NBA board of governors. It could take longer; typically the NBA vetting process takes a month or two to complete, and there is no set timeframe.
The $3.5 billion purchase from team owner Mark Cuban would make Adelson one of a few female owners of a U.S. professional sports franchise, and one of the wealthiest overall. Her net worth, including family trusts, was reported by Forbes at about $32 billion, ranking her fifth-richest among women in the U.S. and 35th-richest billionaire in the world.
Las Vegas Sands and Adelson and Dumont families representative Ron Reese declined Wednesday to comment. Adelson, a physician, rarely gives interviews; in 2021, she told Las Vegas television station KNTV about her work with people fighting addictions.
“Send me people who are sick. I can help them,” Adelson said in that interview. “I'm not for profit. It's all philanthropy. And I would like to help to save more lives.”
Cuban was honored by the Adelson family
Read more on abcnews.go.com
