| Category | Information |
|---|---|
| Net Worth | $32 billion |
| Salary | N/A |
| Birthdate | January 17, 1962 |
| Birthplace | Detroit, Michigan |
| Gender | Male |
| Height | N/A |
| Profession | Entrepreneur, Chairman of Rocket Companies, Owner of Cleveland Cavaliers |
| Nationality | American |
What is Dan Gilbert’s Net Worth?
Dan Gilbert, a self-made American entrepreneur, has a net worth of $32 billion.
Highlights
– Founder and CEO of Quicken Loans (now part of Rocket Companies)
– Owner of the NBA’s Cleveland Cavaliers, NBA G League’s Canton Charge, and AHL’s Cleveland Monsters
– Chairman of JACK Entertainment, which operates several casinos
– Extensive philanthropic efforts, including contributions to neurofibromatosis research clinics and various foundations
– Notable real estate investments, including Palm Beach mansions
Early Life
Dan Gilbert was born on January 17, 1962, in Detroit, Michigan. He grew up in a Jewish household in Southfield, Michigan, and attended Southfield-Lathrup High School and Michigan State University. After completing his bachelor’s degree, Gilbert pursued a Juris Doctor from Wayne State University Law School and became a member of the State Bar of Michigan. During his college years, he obtained a real estate agent’s license and worked at his parents’ real estate agency while studying law.
Career
In 1985, at the age of 22, Dan Gilbert recognized the potential in the mortgage origination industry and founded Rock Financial, a mortgage company. The company later became Quicken Loans and achieved tremendous success, surpassing traditional banks like Wells Fargo. In 1999, Gilbert sold Rock Financial to Intuit for $532 million and repurchased it for $64 million three years later. In 2010, he relocated Quicken Loans’ headquarters to downtown Detroit, contributing to the revitalization of the city.
Gilbert’s entrepreneurial endeavors extend beyond Quicken Loans. He owns the Cleveland Cavaliers, which he acquired in 2005, and has made significant investments in the world of sports franchise ownership, including the Canton Charge, Cleveland Monsters, and Cleveland Gladiators. Additionally, he serves as chairman of JACK Entertainment, a company operating several casinos.
Personal Life
Dan Gilbert is married to Jennifer Gilbert, and together, they have five children. Their oldest son, Nick, has faced health challenges due to a condition called neurofibromatosis.
Net Worth Over Time
Gilbert’s net worth has fluctuated over time due to various factors, including the performance of his business ventures. As of now, his net worth stands at $32 billion.
Components of Net Worth
Gilbert’s net worth primarily stems from his ownership stake in Rocket Companies, the parent company of Quicken Loans. His entrepreneurial endeavors, including ownership of the Cleveland Cavaliers and various other sports franchises, contribute to his overall wealth. Gilbert’s real estate investments, such as the purchase of Palm Beach mansions, also contribute to his net worth.
In addition to his business interests, Gilbert’s philanthropic efforts are an important aspect of his overall wealth. Through various charitable contributions and foundations, he has made a significant impact on causes such as neurofibromatosis research and public transportation initiatives.
In conclusion, Dan Gilbert, with a net worth of $32 billion, is an accomplished entrepreneur and philanthropist. Through his business ventures, sports franchise ownership, and real estate investments, he has established himself as one of the most successful individuals in America.