America's billionaire chief executives, like other investors, have watched their net worth dwindle as chaos continues to dominate the stock market. But one CEO's bet on his own company has made him one of the biggest losers.
Casino magnate Sheldon Adelson (shown above with his wife Dr. Miriam Adelson) has lost more than $16.6 billion in the last 7½ months thanks to investments in his own business, Las Vegas Sands Corp.
The company owns the Venetian, the lavish Las Vegas hotel and casino known for its indoor recreation of the canal-lined neighborhoods of Venice, Italy, and is also developing casino resort properties in Macao, China.
A Sands spokesman said Adelson was unavailable for comment.
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A picture of my cave
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