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Latest Business News

Sands' Adelson Made $5.6 Million in 2006

Tuesday, May 01, 2007 6:42:52 PM
By RYAN NAKASHIMA

LAS VEGAS (AP) - Billionaire Sheldon Adelson received $5.6 million in compensation as chief executive of Las Vegas Sands Corp. in 2006 and also added about $9.2 billion in personal wealth as the casino company's share price more than doubled.

Adelson received $1 million in base salary, $4.4 million in non-equity incentive compensation and $151,469 in other compensation for such things as health insurance, reimbursement of professional fees, and use of spa facilities and company aircraft, according to a proxy statement filed this week with the Securities and Exchange Commission.

The 73-year-old casino magnate, listed sixth on Forbes magazine's list of the world's wealthiest people this year, also controls 184.9 million Las Vegas Sands shares, or 52 percent of the company.


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