Sheldon Adelson's Income: $3.3 Million Per HOUR (for 2/9/12)

The biggest contributor to Newt Gingrich's campaign, Sheldon Adelson, recently gave $5 million to a Gingrich Super PAC. This helped Gingrich to an unexpected GOP primary win over Mitt Romney in South Carolina. Adelson's income last year was $7 billion. This wealth came from his ownership of Sands Corporation, a big casino and resort operator based in Las Vegas. This shows the staggering income inequality that exists in America. If he worked just 40 hours per week, his hourly wage rate would be $3.3 million per hour. He met with Gingrich for several hours at The Venetian earlier this month. Adelson earned much of this money from stock gains in his casinos and resorts in Asia, particularly China. He would also be open to supporting other GOP candidates such as Mitt Romney. Last year, the median American household earned $49,455, an hourly rate of $23.77 on 40 hours weekly. This comes out to a rate of almost 140,000 times to one. This inequality and concentration of wealth fuels social unrest and understandable class envy. Even if he kept $1 billion of income for himself last year, he could give one million full-time workers in Sands' hometown of Las Vegas an hourly wage increase of $2.80 per hour. http://www.huffingtonpost.com/2012/02/08/newt-gingrich-sheldon-adelson-income_n_1263249.html