The Richest Person in Detriot

He increased his wealth from $6.5 billion in 2020 to $51.9 billion in 2021.

Luay Rahil
4 min readNov 15, 2021
Photo Credit: Canva

Five billionaires consider Michigan their home, and none is more famous than Dan Gilbert.

In 1985, he co-founded Quicken Loans, the largest mortgage lender in the country. He also owns the NBA’s Cleveland Cavaliers and wrote one of the most famous letters in the world criticizing Lebron James after leaving Cleveland and playing in Miami.

According to Forbes Magazine, Gilbert is number 23 of the richest people in the world. His wealth increased dramatically after taking his Rocket Companies public on the New York Stock Exchange, from $6.5 billion in 2020 to $51.9 billion in 2021.

Number 23

Daniel Gilbert was born in Detroit and raised in Southfield, Michigan. Southfield is about 15 miles north of downtown Detroit.

He earned his undergraduate degree from Michigan State University and his law degree from Wayne State Law School. While a student, he earned his real estate agent’s license and worked with his parents’ Century 21 Real Estate agency.

He accumulated his wealth by starting Rock Financial in 1985, which later became Quicken Loans after software maker Intuit Inc. bought the company. Rock Financial is one of…

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Luay Rahil

I write engaging content on business and leadership development.