Back in September, Wynn Resorts CEO Steve Wynn was spending two hours each day on Chinese lessons. At age 65, Wynn is worth $3.4 billion -- yet he's still learning new tricks.
Why? Because the Wynn Macau -- Mr. Wynn's latest megacasino -- was getting set to open just off the coast of China. That's right on the doorstep of some three billion potential customers.
Big bets for big paydays
How has the Wynn Macau fared? Analysts see it tracking above previous estimates, and contributing some $300 million in EBITDA in 2007.
But Steve Wynn isn't the only billionaire going gaga over foreign markets. Wynn rival and Las Vegas Sands CEO Sheldon Adelson, himself worth $26.5 billion, is making a similar investment in Macau's potential. Then there's the large number of companies, from Dow Chemical
Entrepreneurs and investors alike
Meanwhile, there are the master investors who have been buying up foreign stocks at a rapid clip. NWQ Managers recently bought Fuji
Even Warren Buffett stoked the international frenzy earlier in '06, with purchases of PetroChina and Israel's Iscar Metalworking.
The question we need to ask
So -- and you had to know I was coming around to this -- what have you been adding to your portfolio lately?
If you're underexposed to international stocks, consider joining advisor Bill Mann and our team at Motley Fool Global Gains. We depart for China, India, and Taiwan on June 4 to investigate some promising investment opportunities in these fast-growing economies. You can receive all of our updates and analysis live from the field by sending Bill an email at BillTrip@Fool.com.
This article was originally published on Jan. 19, 2007. It has been updated.