Start a company from when you’re young

Sheldon Adelson is worth $29.7 Billion he is a Chairman and CEO of Las Vegas Sands

His father drove a taxi, and his mother ran a knitting shop.

He began his first business at 12 years old. Tiring of sharing the proceeds of the newspapers he peddled — he bought — and later sold, “the rights” to sell papers on a specific Boston street corner from the youth who had been garnering the larger share of Adelson’s earnings. To accomplish that end, he borrowed $200 from his uncle, who in turn borrowed the money from his credit union, with the requirement that his nephew make principal and interest payments “every Tuesday night at 6 p.m.,” said Adelson. When he needed to borrow again to control a second corner, his uncle praised him for paying his debt and lent him money again.

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32 Comments

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