Sheldon Adelson, the multibillionaire casino magnate who was one of Donald Trump’s most important financial backers in both of his presidential election cycles, has died at the age of 87.
Adelson’s death was confirmed Tuesday morning by his wife and his company, Las Vegas Sands. Dr. Miriam Adelson said her husband succumbed to “complications from a long illness,” just five days after it was reported that he was stepping away from his duties as Sands chairman to undergo cancer treatment for his non-Hodgkin’s lymphoma.
For more than three decades, the Adelsons’ political spending was almost limitless. The couple set a new record for donations from individuals in a single election cycle last year, giving Trump and other Republican groups a reported $172.7 million ahead of the presidential election. He used his estimated $35 billion fortune from the casino business to bankroll Republican candidates and causes at home and in Israel.