Daniel Gilbert Net Worth

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Daniel Gilbert Net Worth (Image Source – ExecuNet)

Daniel Gilbert net worth

Current Net Worth$28.0 billion (USD – 2,800 Crores), (Rupees – 2.10 Lakh Crores)

Daniel Gilbert short biography

Net Worth$28.0 Billion
BornDaniel Gilbert January 17, 1962 (Age – 59)
Identified asFounder of Rock Ventures, Owner of the National Basketball Association’s Cleveland Cavaliers & Co-Founder of Quicken Loans
StatusAmerican Businessman & Investor
EducationMichigan State University, Bachelor of Arts/Science; Wayne State University, LLB
NationalityUnited States
ResidenceFranklin, Michigan
Spousal statusMarried (Jennifer Gilbert)
Children5
Daniel Gilbert short biography

Daniel Gilbert has a net worth of $28.0 Billion (Rupees – 2,10,981 Crores), making him one of the top richest men in the world after Jack Ma, Ma Huateng, and Beate Heister & Karl Albrecht Jr.

He is the co-founder of Quicken Loans, the founder of Rock Ventures, and the owner of the Cleveland Cavaliers of the National Basketball Association.

He is an entrepreneur and investor from the United States.

He is the chairman of JACK Entertainment, which in May 2012 opened its first Horseshoe Casino (now JACK Cleveland Casino) in downtown Cleveland.

In Cleveland, Ohio, he runs the Rocket Mortgage FieldHouse, which is home to the Cavaliers and Monsters.

He owns various sports teams, including the Cleveland Monsters of the American Hockey League and the Canton Charge of the NBA G League.

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Daniel Gilbert biography

Full NameDaniel Gilbert
Height5.9 feet, 179 cm
Weight78 Kg
Daniel Gilbert biography

Gilbert was born in Detroit, Michigan, to a Jewish family.

He acquired his real estate agent’s license in college and worked part-time at his parents’ Century 21 Real Estate office while in law school.

Education

Gilbert attended Southfield-Lathrup High School in Southfield, Michigan, where he grew up.

He graduated from Michigan State University and Wayne State University Law School with a bachelor’s degree and is a member of the State Bar of Michigan.

Career

At the age of 22, Dan Gilbert and his younger brother cofounded Quicken Loans, the largest mortgage lender in the United States.

He continued as CEO of the firm. Intuit Inc., a software company, bought Rock Financial in 2000.

He and his firms have put $5.6 billion into buying and renovating buildings in downtown Detroit, with the goal of creating 24,000 employment.

Quicken, which originated approximately $146 billion in mortgages in 2019, went public in August 2020 as Rocket Companies, valued at $36 billion.

Gilbert’s cofounded online sneaker sale platform StockX was named a unicorn in June 2019 with a stated valuation of $1.1 billion.

Ownership of a sports franchise

In March 2005, Gilbert became the full owner of the Cleveland Cavaliers, and he immediately overhauled the front office, coaching staff, player personnel, and game presentation.

He purchased the Utah Grizzlies of the American Hockey League in 2007, relocated them to Cleveland, and renamed them the Lake Erie Monsters (now Cleveland Monsters).

He bought the New Mexico Thunderbirds from the NBA Developmental League in 2011.

Investments

Gilbert is a founding partner of Rockbridge Growth Equity LLC, a private equity firm (RBE).

Gas Station TV, Robb Report, RapidAdvance, Northcentral University, Protect America, AccountNow, Purchasing Power, Triad Retail Media, One on One Marketing, and Connect America are among RBE’s major assets.

He is also 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, and an investor in Courtside Ventures, a venture capital fund investing across early-stage technology and media companies with a focus on sports.

Private & early life

Gilbert, his wife Jennifer Gilbert, and their five children live in Michigan.

His wife is a member of the Gilbert Family Neurofibromatosis Institute at Children’s National Medical Center in Washington, D.C.

Gilbert had a stroke in May 2019 and was hospitalized for over a month before being released.

AJ Gilbert, Gilbert’s son, started a branding company in college and immediately secured a big deal with Quicken Loans.

Philanthropy

  • Gilbert and his wife Jennifer took part in The Giving Pledge in September 2012, pledging to donate half of their fortune to charity.
  • His oldest kid was diagnosed with neurofibroma, Gilbert founded two Neurofibromatosis research clinics, one at the Children’s National Medical Center (CNMC) in Washington, D.C., and the other at the Sourasky Medical Center in Tel Aviv, Israel.
  • He contributed $750,000 to Chris Christie’s presidential campaign in 2015.
  • Gilbert gave $5 million to Wayne State University Law School in September 2016, the largest gift in the law school’s history.
  • President Donald Trump’s inaugural committee received $750,000 from Quicken Loans.

Awards

Gilbert’s companies have won the following awards while he was in charge:

Cleveland Cavaliers

  • NBA Champion in 2016
  • ESPY Award for Best Team in 2016

Cleveland Monsters

  • 2016 Calder Cup Champion

Quick Loan

  • JD Power’s Highest Customer Satisfaction Award has been won 16 times (10 for Primary Mortgage Origination, six for Mortgage Servicing).
  • 16-time Best Companies to Work For in the Fortune 100 (2005–2017).

Net worth statistics

  • October 2016 – $4.6 B
  • March 2017 – $5.8 B
  • October 2017 – $5.8 B
  • March 2018 – $6.3 B
  • October 2018 – $7.1 B
  • March 2019 – $6.7 B
  • October 2019 – $6.5 B
  • April 2020 – $6.5 B
  • September 2020 – $7.5 B
  • April 2021 – $51.9 B

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