Sheldon Adelson’s Las Vegas Sands Corporation is in danger of going bankrupt, Bloomberg news is reporting.
This is not good news for the Jewish world that was expecting Adelson to give out anywhere up to $200 million per year to Jewish and Israeli causes through his newly created Adelson Family Charitable Foundation.
But since he announced the opening of the foundation in 2006, as he was ranked third on the Forbes list of wealthiest Americans — and poised to overtake Warren Buffet — his stock has plumetted, as has his net wealth.
There is no word yet on how this might affect Birthright Israel to whom Adelson has pledged $30 million over the next two years.
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