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Israeli PM Loses Major Media Supporter, Sheldon Adelson

Israeli PM Loses Major Media Supporter, Sheldon Adelson

Wednesday, 13 January, 2021 - 07:45
The Adelsons at a campaign rally for Mr. Trump last February at the Las Vegas Convention Center. Photo: Evan Vucci/Associated Press

Sheldon Adelson, an American Jewish businessman, has died at the age of 87.

In 2007, he launched a free newspaper in Israel, Israel Hayom, a conservative daily, which has supported Israeli Prime Minister Benjamin Netanyahu.

Although the PM affirmed that the newspaper will continue to be issued given that Adelson’s widow was a partner in this decision, Israeli circles expressed concern over the subject.

Monthly, Israel Hayom loses around USD7 million.

Las Vegas Sands Corp. announced the death of its chairman and chief executive in a statement Tuesday, less than a week after the company said he was taking a medical leave for cancer treatment.

Last year, Forbes put his net worth at more than USD35 billion.

Adelson was a major donor to the Republican Party and has flooded Trump’s election rally with USD50 million in 2016. In 2018, he doubled the amount to USD100 million then another USD100 million in the final elections.

In 2018, Trump gave Miriam Adelson the highest US civilian honor, the presidential medal of freedom.

Sheldon was also a major Netanyahu donor from the first time he became premier in 1996 until last year.

Adelson funds Israeli projects with millions of American dollars, including projects to Judaize Jerusalem, the settlement in the West Bank, and the Taglit project by which Jewish Americans are brought to Israel.

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