WASHINGTON (JTA) — Sheldon Adelson topped a list of the biggest American losers in the current financial crisis.
Forbes magazine, which compiles an annual list of the 400 richest Americans, says the Las Vegas casino magnate lost 95 percent of his fortune. Last year, at $28 billion, Adelson was the third richest man on the list, but this year he might not even make the top 400, Forbes reported. In a recent edition, Forbes placed him at the top of a list of “America’s 25 Biggest Billionaire Losers.”
Adelson has been a major contributor to groups such as Birthright Israel, the subsidized Israel tour program for young Diaspora Jews; the American Israel Public Affairs Committee; the Zionist Organization of America; the Israel Project; Israel’s Yad Vashem Holocaust memorial and others.