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Las Vegas Sands Corp. founder and CEO Sheldon Adelson is taking time off after resuming his cancer treatment.
Adelson had has retained his leadership role since the company revealed in 2019 that he had non-Hodgkin lymphoma. President Robert Goldstein will now assume Adelson’s duties as interim chairman and interim CEO, according to a statement Thursday.
Adelson, 87, is the majority shareholder of the company and one of the world’s largest gambling tycoons, overseeing operations from the Las Vegas Strip to Macau. He is a leading donor to Republican politics in the United States, having supported outgoing President Donald J. Trump.
Boston taxi driver’s son Adelson, 37th richest man in the world, says Bloomberg data. His family also has newspaper interests in the United States and Israel.
He has long suffered from peripheral neuropathy, a disorder that makes it difficult for him to walk. Cancer often made him too weak to come to the office or attend corporate events.
Adelson, his wife, Miriam, and trusts for the benefit of their children own the majority of Sands shares. His longtime number 2 Goldstein signed a new contract in 2018 that runs until 2024.
(Updates with the context of the fourth paragraph)
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