Meet Miriam Adelson: The potential new owner of the Dallas Mavericks

Las Vegas casino magnate Miriam Adelson has entered into a binding agreement to acquire a majority stake in the NBA's Dallas Mavericks from the current owner, Mark Cuban.

Adelson, at 78, holds the position of the fifth-richest woman globally, inheriting this title after the passing of her husband, Sheldon Adelson, founder and CEO of the Las Vegas Sands Corporation, in 2021. Following her husband's demise, Miriam Adelson assumed control of the Sands Corporation and recently filed paperwork to sell $2 billion worth of company stock for the explicit purpose of "funding the purchase of a majority interest in a professional sports franchise."

The Adelson and Dumont families, in a joint statement released on Wednesday, disclosed their intention to close the transaction by year-end, contingent upon meeting customary closing conditions and securing approval from the NBA Board of Governors. The Dallas Mavericks, boasting an impressive NBA championship, a history of attracting international superstars, and unwavering support from a devoted fanbase, have become one of the world's most successful and recognizable sports franchises under the leadership of Mark Cuban.


Who is Miriam Adelson?
Miriam Adelson, formerly Miriam Farbstein, was born on October 10, 1945, in Tel Aviv, Israel. Her roots trace back to Jewish parents who sought refuge in Israel from Poland in the 1930s. A trained doctor with a bachelor's degree in microbiology and genetics from the Hebrew University of Jerusalem and an MD from Tel Aviv University's Sackler Faculty of Medicine, Miriam embarked on her medical journey. Her first marriage to physician Ariel Ochshorn ended in 1980, resulting in two children. Miriam ventured to the United States to study heroin addiction treatment at Rockefeller University in New York, where she crossed paths with Sheldon Adelson in 1988. They tied the knot in Jerusalem in 1991.

Miriam Adelson's net worth
Celebrating her 78th birthday last month, Miriam Adelson, a mother of four, is recognized for her vast fortune. The estimated net worth of $32.3 billion, as per Forbes, places her as the fifth-richest woman globally. As the majority shareholder in the Las Vegas Sands Corporation, the world's largest casino operator, Adelson oversees operations in Singapore and Macao. Notably, the company made headlines in February 2022 with the sale of its assets on the Las Vegas Strip, including the Venetian Resort and the Sands Expo and Convention Center, fetching a staggering $6.25 billion.

As Miriam Adelson steps into the realm of NBA ownership, the sports world eagerly awaits the potential transformations her stewardship may bring to the Dallas Mavericks.