Billionaires



October 17, 2019,   9:00 AM

5 Billionaires Who Have Invested Their Wealth In Building Hotels

Jamila Gandhi

FULL BIO

trump

From the natural awe of Africa to the man-made neon strip of Vegas, here are some of the ultra-rich tycoons that have invested their wealth into world-class luxury hotels.

Sheldon Adelson
Venetian Macao, China
Net worth: $35.8 billion

CEO and chairman of Las Vegas Sands company, Adelson opened the luxury Venetian Macao mega-resort in August 2007. Inspired by a visit to Venice in 1996 on his honeymoon, the hotel experience is today complete with canals and gondolas. Continuing to extend the firm’s presence in Asia, Adelson saw the opportunity to fill the bay between the Coloane and Taipa islands in Macau, creating the Cotai strip in China, which now also hosts The St. Regis Macao and the Parisian Macao.

Hasso Plattner
Fancourt Hotel, South Africa
Net worth: $14.5 billion

Plattner, the co-founder of German software company SAP, bought the 147-year old Fancourt Hotel and Country Club Estate in George, South Africa in 1994. World-renowned for its golf experience, Fancourt has three 18-hole golf courses situated in the resort and all rank among the top 15 in the country. The 115-room resort is superbly landscaped on 613 hectares of lush countryside with the majestic Outeniqua Mountains as the perfect backdrop.

Paul Tudor Jones
Singita Grumeti, Tanzania
Net worth: $5.1 billion

A labor of love, hedge fund billionaire Tudor Jones established the non-profit Grumeti Fund in 2002 in an attempt to rehabilitate and restore the Tanzanian Grumeti concessions that suffered from a poaching problem. After years of work to restore the area’s wildlife population, today the 350,000-acre Serengeti property bought from the Tanzanian government, boasts the Singita Grumeti Reserves, featuring air-conditioned tents, lodges for every taste and other amenities to provide a luxurious camping experience.

Steve Wynn
Wynn Las Vegas, US
Net worth: $3.1 billion

Casino magnate and co-founder of Wynn Resorts, Wynn created some of Las Vegas's most notable landmarks, including The Mirage, Treasure Island, Bellagio, and Wynn Las Vegas. Established in April 2005, Wynn Las Vagas is currently the highest-grossing integrated resort in the U.S., generating $1.9 billion of gross revenue and $1.2 billion
in non-gaming revenue. With 19 in total, Wynn Resorts holds more Forbes Travel Guide five-star awards than any other independent hotel company globally.

Donald Trump
Trump Tower, US
Net worth: $3.1 billion

The President of the U.S. has the core of his fortune tied up in six buildings in and around Manhattan, New York City. A Forbes five-star hotel, his eponymous luxurious Trump International Hotel & Tower is 52 stories high, overlooks Central Park and is steps away from the renowned Lincoln Center, Fifth Avenue. Guests are looked after by a Michelin-rated chef Jean-Georges, who is available for 24-hours in-room dining service.



Recommended Articles