Dan Gilbert Net worth and Biography
Dan Gilbert net worth 2022, Forbes, companies, Family, house, cars. Daniel Gilbert is an American businessman, investor and philanthropist. He is the co-founder of Quicken Loans, founder of Rock Ventures, and owner of the National Basketball Association’s Cleveland Cavaliers.
Dan Gilbert Net worth
|Dan Gilbert Net worth||$51 billion|
|Full name||Daniel Gilbert|
|Date of birth||January 17, 1962|
what is Dan Gilbert Net worth?
As of 2022, Dan Gilbert Net worth is $51 billion making him one of the richest men in America. He is the co-founder of Quicken Loans, founder of Rock Ventures, and owner of the National Basketball Association’s Cleveland Cavaliers.
Gilbert was born to a Jewish family in Detroit, Michigan. He grew up in Southfield, Michigan, where he attended Southfield-Lathrup High School. He earned his bachelor’s degree from Michigan State University and a Juris Doctor from Wayne State University Law School, and is a member of the State Bar of Michigan.
Gilbert resides in Michigan with his wife Jennifer Gilbert and their five children. His wife serves on the Gilbert Family Neurofibromatosis Institute at Children’s National Medical Center in Washington, D.C., and also serves on the boards of ORT America and the Israeli and Overseas Committee of the Jewish Federation of Metropolitan Detroit.
While in college he earned a real estate agent’s license and while in law school, he worked part-time at his parents’ Century 21 Real Estate agency.
Gilbert founded Rock Financial in 1985 with Ron Berman and his younger brother Gary Gilbert. In the late 1990s, the company launched its internet strategy, becoming an early online direct mortgage lender. In the fourth quarter of 2017, the company became the largest retail mortgage lender by volume in the United States.
In 2000, software maker Intuit Inc. purchased Rock Financial and renamed the national web operation Quicken Loans. In 2002, Gilbert and a group of private investors purchased Quicken Loans and its affiliated national title company, Title Source, Inc., from Intuit. As of 2022, Gilbert served as the chairman of Quicken Loans, Inc.
Gilbert became the majority owner of the Cleveland Cavaliers in March 2005 and undertook a complete overhaul of the front office, coaching staff, player personnel and game presentation.
During Gilbert’s tenure, the Cavs won six Central Division championships five Eastern Conference championships, and one NBA championship (2016), which ended the 52-year Cleveland sports curse.
Gilbert is a founding partner in the private equity group Rockbridge Growth Equity LLC (RBE). The partnership invests in growing businesses in the financial services, Internet technology, consumer-direct marketing, and the sports and entertainment industries.
Gilbert is also an investor in Courtside Ventures, a venture capital fund investing across early-stage technology and media companies with a focus on sports, and is a founding partner of Detroit Venture Partners (DVP), a venture capital firm that funds start-up and early-stage technology companies based primarily in Detroit.
In September 2012, Gilbert and his wife Jennifer joined The Giving Pledge, committing to give half of their wealth to philanthropy throughout their lifetimes.
In September 2016, Gilbert donated $5 million to Wayne State University Law School. In October of that year, Gilbert also donated $15 million toward the planned $50-million Breslin Center renovation project at Michigan State University
In 2020, Gilbert made a $1.2 million donation to help COVID-19 relief efforts in the city of Detroit.
Dan Gilbert Net worth
As of 2022, Dan Gilbert net worth is valued at US$51.9 billion, making him the 23rd richest person in the world. He also owns the NBA’s Cleveland Cavaliers.
Gilbert owns several sports franchises, including the American Hockey League’s Cleveland Monsters, and the NBA G League’s Cleveland Charge. He operates the Rocket Mortgage FieldHouse in Cleveland, Ohio, home to the Cavaliers and Monsters.