Rank 54
Daniel Gilbert
31B
Quicken Loans
Franklin, Michigan
United States
- Gilbert started his mortgage lender with $5,000 earned from selling pizzas in college.
- Gilbert sold Quicken to Intuit for $532 million in 1999, but bought it back 3 years later for $64 million.
- Dan Gilbert cofounded what would become Quicken Loans, the largest mortgage lender in the U.S., in 1985 at 22 years old.
- Quicken, which originated $320 billion in mortgages in 2020, went public as Rocket Companies in August 2020 at a $36 billion valuation.
- He also owns the NBA's Cleveland Cavaliers.
- He and his companies have invested $5.6 billion to purchase and rehab a swath of buildings in downtown Detroit, with a plan to create 24,000 jobs.
- He also cofounded online sneaker sale platform StockX, which became a unicorn in 2019 and was most recently valued by investors at $3.8 billion.