Now that Miriam Adelson is in the news for her investment in the Dallas Mavericks and apparently positioning for casinos in Texas, I wonder if you can tell us something about her. Who is she? Where does she come from? What is she a doctor of? How did she wind up with Sheldon Adelson?
Yes, Dr. Miriam Adelson is making some waves these days, after buying a majority stake in the Dallas Maverick's professional basketball team from billionaire businessman Mark Cuban for a reported $2.6 billion, plus a 100-acre site near the old Texas Stadium in a separate transaction. It's the first time we know of that she's made business moves of this magnitude and there are a lot of ins and outs to the deal, not to mention the long close relationship between the Adelsons, from when Sheldon was alive, and Mark Cuban. But that's a QoD for another day.
As for Miriam herself, she now controls the Adelson fortune, estimated this year by Forbes at $35 billion, which makes her the richest Israeli, fifth-richest woman in the world, and 44th richest person in the world.
She's 78 years old, having been born in Tel Aviv, Israel, in 1945, three years prior to Israeli independence. She grew up in the port of Haifa, the northernmost major city in the country, and served her mandatory military term for the IDF, the Israeli Defense Forces, in 1963-1964, working as a medical research officer with sex workers with addictions. That made a major impression on her, which has continued to show up in her life ever since.
She received a bachelor's degree in microbiology from Hebrew University in Jerusalem, then went on to earn her MD at Tel Aviv University. She worked as an internist in the emergency room at a Tel Aviv hospital, married a fellow physician, and had two daughters.
After divorcing her first husband, she traveled to the U.S. in 1986 at age 41 on a fellowship to study heroin addiction and treatment in New York. A couple of years later, she was set up on what's been reported as a blind date with Sheldon Adelson, 12 years her senior at age 53, who was also recently divorced from his first wife and was in the process, after selling his stake in Comdex, an early computer exposition, for $800 million and buying the Sands Hotel-Casino in Las Vegas. Adelson and Miriam married in 1991 in Jerusalem.
At least according to legend, on their honeymoon in Venice, Miriam had a brainstorm: Raze the Sands and build a megaresort with a Venice theme, complete with replicas of the city's most famous features, such as the Piazza San Marco and St. Mark’s Basilica, the Campanile bell tower, and even the canals. The Venetian opened in 1999.
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