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In 2014, Adelson was named to CNBC’s list of 200 people who have transformed business over the last 25 years. Fighting cannabis legalization was a personal passion of Adelson, whose son Mitchell died of an overdose of heroin and cocaine. Many reporters and editors left the newspaper citing “curtailed editorial freedom, murky business dealings and unethical managers.” All three reporters who originally broke the story about Adelson’s ownership have left. In the months since, reporters say that stories about Adelson, and particularly about an ongoing lawsuit involving his business dealings in Macau, have been heavily edited by top management. He also began to personally review, edit, and sometimes kill stories about an Adelson-promoted proposal for a new Las Vegas football stadium.
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Commentators described the $140 million paid for the paper as “lavish” and as a dramatic overpayment, and speculated that the move was a power play to further Adelson’s business or political agendas. Following the opening of the Sands Macao, Adelson’s personal wealth multiplied more than fourteen times. After being discharged from the army, he established a business selling toiletry kits, then started another business, De-Ice-It, which marketed a chemical spray that cleared ice from windshields. In 1948, at the age of 15, he borrowed $10,000 from his uncle to start a candy vending-machine business. He began his business career at the age of 10 when he borrowed $200 from his uncle and purchased a license to sell newspapers in Boston.
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