Elizabeth Warren placed an ad in billionaire Sheldon Adelson's newspaper telling him what he'd pay under her wealth tax

Elizabeth Warren.
(Image credit: Ethan Miller/Getty Images)

Sen. Elizabeth Warren (D-Mass.) let billionaire Sheldon Adelson know exactly how much he would pay under her proposed Ultra-Millionaire Tax by taking out a full-page ad in his newspaper and spelling it out for him.

The ad ran Thursday in Adelson's Las Vegas Review-Journal, just two days before the Nevada caucuses. Adelson, the CEO of Las Vegas Sands, is a major Republican donor and supporter of President Trump. The Nevada Independent's Jon Ralston tweeted a picture of the ad, which says Adelson has a net worth of $39.6 billion. During the first year of Warren's plan, he would pay $2,300,000,000, less than 6 percent of his wealth.

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Catherine Garcia, The Week US

Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.