Matan Adelson (born 1999) is an American-Israeli investor and businessman, who has been the majority owner of

Hapoel Jerusalem B.C. Hapoel Jerusalem Basketball Club (), known for sponsorship reasons as Hapoel Bank Yahav Jerusalem (הפועל בנק יהב ירושלים), is a professional basketball club based in the City of Jerusalem, and competes in the Israeli Basketbal ...

since 2023. He is the youngest son of philanthropist

Miriam Miriam (, lit. ‘rebellion’) is described in the Hebrew Bible as the daughter of Amram and Jochebed, and the older sister of Moses and Aaron. She was a prophetess and first appears in the Book of Exodus. The Torah refers to her as "Miria ...

and businessman

Sheldon Adelson Sheldon Gary Adelson (August 4, 1933 – January 11, 2021) was an American businessman, investor, and political donor. He was the founder, chairman and chief executive officer of Las Vegas Sands Corporation, which founded the Marina Bay Sa ...

Early life and education

Born in

Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...

, California, in 1999, Adelson is the youngest son of

and

. His older brother Adam is a

racecar driver Auto racing (also known as car racing, motor racing, or automobile racing) is a motorsport involving the racing of automobiles for competition. In North America, the term is commonly used to describe all forms of automobile sport including non ...

in the United States. He spent most of his childhood in

Las Vegas Las Vegas, colloquially referred to as Vegas, is the most populous city in the U.S. state of Nevada and the county seat of Clark County. The Las Vegas Valley metropolitan area is the largest within the greater Mojave Desert, and second-l ...

, where he was immersed in the family's business and philanthropic activities. Matan later graduated from

Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...

with a degree in economics.

Business activities

In 2021, Adelson moved to Israel. On June 1, 2023, Adelson purchased a 90% stake of

for $20 million, with the remaining 10% held by the Hapoel fan association. Among his goals were to expand the brand internationally and enter the

Euroleague The EuroLeague is a European men's professional basketball club competition. The league is widely recognised as the top-tier and the most prestigious men's basketball league in Europe. The league consists of 20 teams, of which 16 are given lon ...

, alongside

Maccabi Tel Aviv Maccabi Tel Aviv () is one of the largest sports clubs in Israel, and a part of the Maccabi association. Many sports clubs and teams in Tel Aviv are in association with Maccabi and compete in a variety of sports, such as football, basketball, j ...

. At 25, Adelson was the youngest owner of an Israeli sports team. Adelson brought on Alon Kremer as the team's new CEO and former Israeli

NBA The National Basketball Association (NBA) is a professional basketball league in North America composed of 30 teams (29 in the United States and 1 in Canada). The NBA is one of the major professional sports leagues in the United States and Ca ...

player

Gal Mekel Gal Mekel (, pronounced ; born March 4, 1988) is an Israeli former professional basketball player. He played for the Dallas Mavericks and spent time in Europe and Israel. He played college basketball for two years at Wichita State University. He ...

as a consultant and minority stakeholder. In 2023, Matan was named alongside his mother Miriam Adelson as one of the 50 most influential Jews by the ''

Jerusalem Post ''The Jerusalem Post'' is an English-language Israeli broadsheet newspaper based in Jerusalem, Israel, founded in 1932 during the British Mandate of Palestine by Gershon Agron as ''The Palestine Post''. In 1950, it changed its name to ''The Je ...

''.

References

{{DEFAULTSORT:Adelson, Matan Stanford University alumni American Jews Adelson family Basketball executives Hapoel Jerusalem B.C. 1999 births Living people