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 has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.