Patrick Dumont Wikipedia, Wife, Net Worth, Age, Religion
Patrick Dumont Wikipedia, Wife, Net Worth, Age, Religion – Patrick Dumont, at 45, holds the prestigious positions of Chief Financial Officer, Executive Vice President, and Director at Las Vegas Sands. His journey within the company is a testament to his prowess in corporate finance and strategy. Patrick is not just a key executive but also the son-in-law of Sheldon G. Adelson, the Chairman, CEO, and Treasurer of Las Vegas Sands.
Patrick Dumont Biography:
| Category | Information |
|---|---|
| Full Name | Patrick Dumont |
| Age | 45 |
| Position | – Chief Financial Officer, – Executive Vice President, – Director, – Las Vegas Sands |
| Director Since | April 2017 |
| Principal Financial Officer | Since February 23, 2016 |
| Family Connection | Son-in-law of Sheldon G. Adelson, Chairman of the Board, CEO, and Treasurer, Las Vegas Sands |
| Total Compensation | $2,413,390 |
| Other Executives at Las Vegas Sands | – Sheldon Adelson (Highest Compensation: $24,680,100) – Robert Goldstein (President, COO, Director) – D. Hudson (Executive Vice President, Global General Counsel, Secretary) |
| Las Vegas Sands Overview | – Founded: 1988 – Integrated resorts in Asia and the United States – Iconic properties include The Venetian Macao, Marina Bay Sands, and The Parisian Macao |
| Mark Cuban’s Sale of Mavericks | – Sold to Adelson and Dumont families – Patrick Dumont becomes Mavericks governor |
| Sale Valuation | Approximately $3.5 billion |
Patrick Dumont Early Life & Education:
Patrick Dumont’s early life is relatively private, with details scarce. However, it is known that he has been associated with Las Vegas Sands since June 2010. His educational background, though not explicitly mentioned, aligns with his roles in corporate finance and strategy.
Patrick Dumont Personal Life:
Patrick Dumont’s personal life intertwines with his professional one, given his familial connection with Sheldon G. Adelson. Being the son-in-law of the Chairman brings a unique dynamic to his role within the company.
Patrick Dumont Career:
Patrick’s career trajectory within Las Vegas Sands is noteworthy. Starting as the Vice President of Corporate Strategy in June 2010, he climbed the ranks to become the Senior Vice President of Finance and Strategy in September 2013. His dedication and expertise earned him the position of Executive Vice President and Chief Financial Officer in March 2016. Patrick has been a Director of the Company since April 2017.
- Las Vegas Sands: A Glimpse:
Las Vegas Sands Corp., founded in 1988, is a major player in the integrated resort industry, with a focus on Asia and the United States. The company owns and operates several iconic properties, including The Venetian Macao Resort Hotel, the Londoner Macao, and Marina Bay Sands in Singapore.
- Governance and Leadership:
Las Vegas Sands boasts a leadership team with figures such as Sheldon Adelson, Robert Goldstein, and, of course, Patrick Dumont. The Board of Directors includes individuals with extensive experience in various sectors, contributing to the company’s success.
Patrick Dumont Net Worth:
As of the latest available information, Patrick Dumont’s total compensation at Las Vegas Sands stands at $2,413,390. While this is substantial, it’s noteworthy that there are three executives at Las Vegas Sands receiving higher compensation, with Sheldon Adelson leading the pack with $24,680,100.
Patrick Dumont Social Media:
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Patrick Dumont News:
- Mark Cuban’s Sale of the Mavericks:
In recent news, Mark Cuban, a high-profile billionaire, made headlines for selling his majority stake in the Dallas Mavericks. The NBA approved the sale to the Adelson and Dumont families, marking a significant shift in ownership. Patrick Dumont, as President and Chief Operating Officer of Las Vegas Sands, steps into the role of Mavericks governor.
- Business Insight:
Mark Cuban’s decision to sell was influenced by his vision of the changing NBA landscape, particularly with a focus on real estate advantages. The Adelson and Dumont families, with their strong ties to the hotel and casino industry, align with this vision. The sale, valued at around $3.5 billion, positions Patrick Dumont as the new face of Mavericks governance.
- Financial Implications:
Cuban emphasized the advantage of having partners skilled in real estate, especially in a landscape where media rights deals face uncertainty. Patrick Dumont’s role as a world-class partner brings growth opportunities, reducing dependence on traditional revenue sources.
- Future Prospects and Commitment:
Miriam Adelson and the Dumont family expressed their commitment to building on the Mavericks’ success and legacy. The goal is not just to win on the court but also to represent the greater Dallas-Fort Worth area as a valuable community member.
- Cuban’s Perspective:
Mark Cuban, having bought the Mavericks in 2000, acknowledges the evolving dynamics of media rights deals. With the future uncertain, the sale to the Adelson and Dumont families provides financial stability, making the Mavericks more competitive.
- Gambling and Legal Landscape:
Despite gambling not being legal in Texas, Miriam Adelson’s efforts to legalize it are evident. Her involvement in Texas Sands, a political action committee, reflects a push to bring casino gambling to the state. Cuban, supporting this cause, sees it as beneficial for Texas.
- A Vision for Dallas:
Cuban envisions a broader destination aspect for Dallas, akin to the success of iconic resorts like the Venetian. While the legal hurdles for gambling in Texas remain, Cuban’s belief in its positive impact on the state’s economy is evident.
Conclusion:
In the intricate world of business, Patrick Dumont’s journey with Las Vegas Sands stands out. His roles, from corporate strategy to Chief Financial Officer, showcase his dedication and expertise. The recent venture into sports ownership with the Dallas Mavericks reflects not only personal success but also a strategic move aligned with the evolving trends in the NBA and business landscape. As the Adelson and Dumont families take the reins, the future of the Mavericks seems intertwined with the expertise and vision they bring from the casino and hotel industry. The story of Patrick Dumont continues to unfold, leaving an indelible mark on the corporate and sports realms.
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FAQ:
Who is Patrick Dumont?
Patrick Dumont is the son-in-law of Sheldon G. Adelson and currently holds the positions of president and chief operating officer at Las Vegas Sands. Additionally, he is set to serve as the governor of the Dallas Mavericks.
What is Patrick Dumont’s connection to Sheldon Adelson?
Patrick Dumont is the son-in-law of Sheldon G. Adelson, the late casino magnate who was the Chairman of the Board, Chief Executive Officer, and Treasurer of Las Vegas Sands.
Who is Miriam Adelson in relation to Patrick Dumont?
Miriam Adelson is the widow of Sheldon Adelson and has a familial connection with Patrick Dumont as her son-in-law. She, along with the Dumont family, is involved in the purchase of a controlling interest in the Dallas Mavericks.