⬅ # 54 Abigail Johnson|# 56 Gina Rinehart

# 55 Miriam Adelson 

$29.6B

Real Time Net Worth
as of 7/12/2024
-$202.8M (-0.69%)

# 55 Miriam Adelson 

$29.6B

Real Time Net Worth
as of 7/12/2024
-$202.8M (-0.69%)
OccupationHeiress
Source of WealthLas Vegas Sands, casinos
Age78
ResidenceLas Vegas, Nevada
Marital StatusWidowed
Children5
EducationBS, Hebrew University Jerusalem
Age-Adjusted Net Worth$8.74B
Miriam Adelson
Miriam Adelson
United States
Net worth: $29.6B

Self-Made Score 

Wealth History

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Biography

Miriam Adelson was born on October 10, 1945, in Tel Aviv, Israel.
She served in the Israel Defense Forces as a medical officer before pursuing her education.
Adelson earned a medical degree from the Sackler Medical School at Tel Aviv University.
In 1986, she moved to the United States and became a naturalized citizen.
Adelson is a licensed physician, specializing in internal and emergency medicine.
She met her late husband, Sheldon Adelson, while working as a doctor on a cruise in the 1980s.
Miriam and Sheldon Adelson were married in 1991 and had two children together.
She has been actively involved in various philanthropic endeavors, focusing on medical research, education, and Jewish causes.
Adelson and her husband established the Adelson Medical Research Foundation in 2006 to support research on life-threatening illnesses.
She played a significant role in the expansion of the Las Vegas Sands Corporation, the multinational casino and resort company founded by her husband.
Adelson is a prominent political donor, contributing to various conservative and pro-Israel causes.
After her husband's passing in 2021, Miriam Adelson inherited a substantial stake in their business empire and continued their philanthropic work.

How long would it take you to become as rich as Miriam Adelson?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Miriam Adelson's net worth of $29.6B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 51.86% compared to 19.03% for the S&P 500 benchmark.

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Miriam Adelson is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Miriam Adelson, Las Vegas Sands and casinos are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey