The net worth of Quicken Loans Founder Dan Gilbert keeps growing year after year. As of 2021, Dan Gilbert’s net worth is $46 billion, making him the world’s 21st wealthiest person.
|Full name||Dan Gilbert|
|Date of Birth||Jan 17, 1962|
|Age||60 Years old (as of 2022)|
|Profession||Entrepreneur, Businessperson, Investor|
|Height||5 ft 6 in (1.68 m)|
|Nationality||United States of America|
|Quicken Loans Owner Net Worth||$46 Billion (Last Updated 2022)|
Quicken Loans Owner “Dan Gilbert” Net Worth
Dan Gilbert’s net worth is $46 billion. According to Forbes, Gilbert’s ranking place was 69th on the list of the world’s richest people and 230th on the list of billionaires in the U.S.
With his younger brother Gary, Gilbert founded Quicken Loans (then known as Rock Financial) in 1985. When Gilbert was 22 years old, he earned $5,000 selling pizzas to start his company. Then, he had no idea that Quicken Loans was on its way to becoming one of the largest independent mortgage lenders in the country.
Dan Gilbert Career and Education
Gilbert grew up in Southfield, a suburb of Detroit. After graduating from Michigan State University, he earned a law degree at Wayne State University.
Aside from earning his real estate license during college, Gilbert also assisted in his parents’ real estate business.
Quicken Loans’ evolution
During the late 1990s, Rock Financial became one of the fastest-growing online mortgage lenders. Gilbert sold the company to Intuit Inc. for $532 million, which renamed it Quicken Loans.
Three years later, Gilbert bought Quicken Loans back along with its subsidiary, Title Source, Inc., for 64 million dollars – $468 million less than when he first sold the company.
Rocket Companies is the name under which Quicken Loans became public in 2020. Quicken Loans was valued at $36 billion at the time. The company is still managed and owned by its founder, Gilbert. He has 79 percent ownership of the business.
Even with the impact of the Coronavirus pandemic, Gilbert’s net worth increased when the company went public.
Owning sports teams
Gilbert acquired the majority ownership of the NBA’s Cleveland Cavaliers in March 2005. In Gilbert’s era, the team won six Central Division titles, five Eastern Conference titles, and one NBA title, ending a 52-year sports curse.
Additionally, Gilbert purchased the Cleveland Monsters of the AHL hockey league, the Canton Charge of the NBA G League, and the Cleveland Gladiators of arena football.
Gilbert’s Multiple Investments
Since joining Quicken at an early age, Gilbert has added more than simply sports teams to his portfolio. These are just a few of his accomplishments:
- Courtside Ventures investor
- Rockbridge Growth Equity LLC (RBE) co-founder
- Detroit Venture Partners (DVP) co-founder
- Founder of the non-profit organization Bizdom
- Co-founder of StockX
Daniel has five children with his wife, Jennifer. Nick, their oldest son, underwent brain surgery and several rounds of chemotherapy at the age of ten due to neurofibromatosis. Gilbert was treated for two months at an inpatient rehab facility in Chicago after he suffered a stroke in May 2019.
Dan was temporarily paralyzed in his left arm and leg as a result of the stroke, and seven stents were inserted into his carotid artery.