Every year, the Forbes magazine editorial board releases a list of the world’s wealthiest individuals, with financial giants and CEOs of IT occupying the top lines. Billionaires’ ratings in various spheres of endeavor are compiled individually. There is no exception in the gaming sector. Casino and gambling business owners have built a fortune off of entertainment and people’s need for thrills.
The Cookie casino is no exception when it comes to thrills. If you go to your cookie casino inloggen page, you’ll understand what we mean. Now back to our rich guys. In this article we will talk about the top 3 richest people in the gambling industry.
For decades, Sheldon Adelson has topped Forbes’ list of the wealthiest people in the gambling industry. Due to his ownership of the Las Vegas Sands casino, he amassed a wealth of more than $ 38 billion by the end of 2018. Sheldon was born in a poor Jewish home in the outskirts of Boston in 1933. He was a newspaper vendor on the street, an entrepreneur, a broker, and a financial counselor. He founded almost 50 businesses during his lifetime.
Adelson got into the exhibition industry in the 1970s and quickly staged one of the first IT trade shows in Las Vegas. The Comdex trademark was used until 2003, when it was replaced by the annual Consumer Electronics Show. Sheldon chose to purchase out the famed casino The Sands Hotel & Casino at the end of 1988. He secured partners immediately, pitching the idea of integrating the gaming and exhibition industries. The Sands Expo Convention Center was built near The Sands Hotel in 1989.
Louis Che Wu
The fortune of Chinese Louis Che Wu is believed to be around $ 14.1 billion, placing him among the world’s top 100 wealthiest people and placing him sixth among Hong Kong’s billionaires. At the start of 2019, he was listed among Forbes’ top 100 wealthiest people. Wu dabbled in a variety of sectors during his life, but his most successful venture was Galaxy Entertainment Group, which oversees hotels and casinos in Macau.
Louis Che Wu was born in the town of Jiangmen in the southern portion of China in 1929. He grew up amid the tough postwar years, when he experienced famine and even witnessed cannibalism. When Wu’s homeland was captured by Japan, his family relocated to Hong Kong. The war took away Louis Che Wu’s youth, yet his decision to leave his home was a watershed moment in the future billionaire’s life.
Hong Kong was a place of immense opportunity in the mid-twentieth century. The selling of construction materials was the first big company that allowed for the acquisition of start-up funding. K.Wah, founded in 1955 for this aim, has increasingly expanded its realms of impact. Wu began investing in real estate in the 1960s, then moved on to the hotel industry in the 1980s, and finally to gaming in the early 2000s.
This was made feasible by the establishment of a specific zone in China where organized gambling was permitted. In 2001, work on a casino in Macau began, and Louis Che Wu was one of the first investors to come up with the notion of converting this Chinese territory into an Asian Las Vegas. Wu unveiled his most ambitious project, the Galaxy Macau Casino Resort, in 2011.
Johan Graf, one of Austria’s most well-known industrialists, made his money in the manufacture of slot machines, but he did not limit himself to that only. Now, Novomatic is a massive global holding corporation that owns game development studios and machine manufacturing facilities, as well as casino operators and a gaming hall network. His net worth is estimated to be $7.8 billion dollars.
Johan was born in a poor household in the Vienna outskirts in 1946. His early years were spent in the harsh postwar years, and his grandparents were actively involved in his upbringing. He studied to be a butcher after school, but at the age of 23, he refused to work at a butcher shop and wanted to open his own.
Graf and his colleague Gerhard Brodnik founded Brodnik & Graf GmbH in 1974, which specialized in the supply of popular Belgian pinball machines at the time. After studying all of the nuances of the company for six years, Johan Graf decided to start making his own slot machines, but not arcade machines, but slot machines with gambling.
After two years, the Austrian firm had taken over 70% of the local market. It was an impressive start, and Novomatic’s owner began actively developing the discovered gold mine. By 1990, the business had sold its machines to casinos in 30 countries across the world, and it was one of the first to penetrate the Eastern European market after the collapse of the Berlin Wall.