Las Vegas Sands Doubles Sheldon Adelson's Pay to $26.1 Million

• April 04 2018
• Anders Melin

Las Vegas Sands Corp. more than doubled Chief Executive Officer Sheldon Adelson’s pay to $26.1 million after the casino operator rejiggered his compensation as part of a new contract.

Las Vegas Sands Corp. more than doubled Chief Executive Officer Sheldon Adelson’s pay to $26.1 million after the casino operator rejiggered his compensation as part of a new contract.

Adelson, 84, received a $12.5 million cash bonus and $5 million in salary for 2017, the company said Wednesday in a regulatory filing. He also got $4.21 million in equity awards and taxable perks worth $4.38 million, most of it for his personal security detail. His pay for 2016 totaled $12.7 million.

The billionaire signed a new employment agreement last year that lasts through 2021. It quintupled his salary to $5 million and increased his bonus potential by 50 percent to $12.5 million. Adelson is the world’s 20th-richest person with a $36.3 billion fortune, according to the Bloomberg Billionaires Index.

— With assistance by Jenn Zhao, and Alicia Ritcey